随着看涨周期似乎结束，Raydium的峰值下降了66％

Raydium是当前市场周期中最大的收益之一，从对Solana及其模因硬币的兴趣中获得。一月份，价格上涨了5,800％，价格为8.67美元。

Raydium (RAY) has experienced a significant downturn, dropping 66% since January's peak. The recent breach of long-term support at $4.05 suggests that the bullish cycle might be coming to an end.

Raydium（Ray）经历了明显的衰退，自1月份的峰值以来下降了66％。最近违反了4.05美元的长期支持，这表明看涨周期可能即将结束。

A five-wave upward advance (green), beginning in December 2022, is visible on the weekly time frame RAY chart, with the sub-wave count in black showing an extension in wave three. In total, the price of raydium increased by more than 5,800%.

从2022年12月开始的五波向上进步（绿色）在每周的时间框架射线图表上可见，黑色的子波计数显示了第三波的延伸。总共，Raydium的价格上涨了5,800％以上。

An ascending parallel channel encloses the rise since October 2023, with the middle of this channel corresponding to the peak of wave five at $8.70. This stage is likely where wave five will terminate.

自2023年10月以来，一个上升的平行通道封闭了上升，该通道的中间对应于第五波峰值为$ 8.70。这阶段可能是波浪五次终止的地方。

The price of raydium has decreased by 66% since its peak, reaching a new yearly low of $2.06 today, a clear indication that the bullish cycle in Raydium is over.

自从达到顶峰以来，Raydium的价格下降了66％，今天的年度低点为2.06美元，这清楚地表明Raydium的看涨周期已经结束。

The next nearest support level, if the slide persists, will be $1.70.

下一个最近的支撑级别（如果幻灯片持续）为$ 1.70。

Bearish technical signs are present. The Relative Strength Index (RSI) has dropped below 50 and generated a double bearish divergence (orange, dashed). The Moving Average Convergence/Divergence (MACD) is currently decreasing after making a bearish cross.

有看跌的技术标志。相对强度指数（RSI）已降至50以下，并产生了双看跌差异（橙色，虚线）。移动平均收敛/差异（MACD）当前在做一个看跌交叉后正在减少。

As a result, the weekly time frame indicates that the RAY trend is negative and new lows are forthcoming.

结果，每周的时间范围表明射线趋势为负，而新的低点即将到来。

There is no chance of a bullish trend reversal on the RAY chart for the daily time frame. The price of RAY dropped below the horizontal support line of $4.05. It also broke below the 0.618 Fibonacci retracement on February 24.

每天的时间范围内，没有机会在射线图表上看涨趋势逆转。雷的价格下降到水平支撑线以下$ 4.05。 2月24日，它也以低于0.618的斐波那契回溯。

Since the price often recovers at the 0.618 level if the loss is corrective, this confirmed that the bear market has begun.

由于价格通常在0.618水平上恢复，如果损失是纠正的，这证实了熊市已经开始。

At $2.20, an ascending support trend line would provide short-term respite. However, technical indicators show no optimistic signs. On the other hand, the MACD and RSI are decreasing and have not generated any bullish divergences.

上升的支持趋势线为2.20美元，将为短期喘息。但是，技术指标没有显示出乐观的迹象。另一方面，MACD和RSI正在减少，并且没有产生任何看涨的分歧。

Therefore, it is possible that the price of RAY will continue to decrease until it hits the long-term horizontal support region at $1.80.

因此，射线的价格可能会继续下降，直到达到1.80美元的长期水平支持区域。

With an estimated $180 million in revenue for 2024, Raydium is the largest decentralized exchange on Solana despite its decrease.

Raydium估计2024年的收入为1.8亿美元，尽管它减少了Solana上最大的分散交换。

Reports of Pumpfun choosing to no longer use Raydium and switching to their own Automated Market Maker (AMM) have made headlines, with less than 35% of Raydium's volume over the last two weeks coming from Pumpfun.

Pumpfun选择不再使用Raydium并改用自己的自动做市商（AMM）的报道已成为头条新闻，在过去两周中，Raydium的数量不到Pumpfun的35％。

Since its peak, the price of raydium has dropped by more than 66%, and it does not appear to be abating.

自从达到顶峰以来，Raydium的价格下跌了66％以上，并且似乎并没有减弱。

The RAY price is likely in a long-term downward trend and the decline could last until at least $1.80.

射线价格可能是长期的下降趋势，而下降可能会持续至少1.80美元。