The price of Raydium (RAY) surged by 18% after Upbit, South Korea’s largest exchange, listed trading pairs RAY/KRW and RAY/USDT. Trading opened at noon on June 19, leading to heightened trading activity.
Open Interest for RAY jumped to 32.48 million USD, the highest since mid-May, indicating significant market interest. If RAY surpasses the 50-day Exponential Moving Average at 2.52 USD, it could target 3.05 USD as the next resistance.
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