Raydium’s RAY Falls 12% as Price Tests $1.82 Support

Raydium's RAY token fell 12% as price tested $1.82 support, pulling back after climbing from $1.47 to $2.18. Lower open interest and a liquidation imbalance accompanied the correction, suggesting weakening trader conviction. The pullback follows a sharp rally, with bulls now watching whether the support level holds to prevent further downside.