Raydium (RAY) corrected by 12.06% after a 138% monthly surge, bringing the price back toward the critical $1.82 support level. Daily trading volume reached approximately $75.4 million, while long liquidations dominated at $8,570 compared to just $23.66 for shorts, indicating major deleveraging in the derivatives market. Open Interest dropped 8.88% to $15.93 million, confirming that traders reduced their exposure amid the price decline. The $1.82 support level now separates a controlled correction from a potentially deeper retracement, with RSI cooling to 62.26 after overbought conditions.
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