Raydium RAY surges 12% on Solana DeFi leadership and xStocks
Raydium (RAY)
Editor:
Eugene Serbin
tradersunion.com reports that Raydium (RAY) surged 12.05% following strong trading volumes and new token launches on its Solana-based platform. This rally is supported by a bullish technical structure, with the token trading above its major moving averages. Activity increased throughout September 2026, driven by the introduction of over fifteen tokenized US stocks.
The StonkFun launchpad and integrations contributed to this momentum, with Raydium accounting for $805 million and 80.5% of xStocks-issued asset trading on Solana in the past month. RAY/USD is positioned above the 20-day, 50-day, and 200-day moving averages at $1.0887, $0.8268, and $0.707 respectively. The token trades near the upper end of its range, with a ceiling at $1.4059 and support from the Ichimoku Kijun at $1.2405.
Momentum indicators show a bullish bias, with MACD and ADX signaling positive trends and the RSI at 57.1 within the buy zone. Analysts note sustained bullish momentum supported by strong technical indicators and consistent buyer activity. The analysis highlights $1.4059 as the key resistance level to monitor for potential upside.
How the market reacted
Whalio's own Binance spot order flow for RAY, measured when this story was written up on 16 September 2026. Not the outlet's figures.
RAY trades at $1.23 with a 1-hour buy ratio of 49.0% and a 4-hour buy ratio of 54.6%, contrasting with a 24-hour buy ratio of 42.4%. This suggests that while shorter-term buying pressure is present, the longer-term trend shows fading demand relative to selling. The 1-hour volume delta is -$6,381, indicating net selling in the immediate term, whereas the 4-hour delta is +$210,250, showing net buying over a slightly longer window. Over 24 hours, the volume delta is -$900,937, meaning sellers dominated the day's volume despite a CVD close of +$709,346. Net buying occurred for 17 of the 24 hours, with a total spot volume of $5,889,763 across 39,897 trades.
The latest daily buy ratio of 45.0% sits at the 11th percentile of the last 322 days, against a median of 50.1% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for RAY, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.0%, making today's 24-hour ratio of 42.4% a 7.6-point drop from the norm. Volume was 0.33x the average, indicating significantly lower trading activity than usual. Net buying occurred for 5 of the 7 days, with a total volume delta of +$1,428,349 over eight days. The price changed by only +0.2% over eight days, suggesting a lack of strong directional momentum despite the recent surge. This represents an unusual day for the coin, characterized by lower volume and a buy ratio below its weekly average.