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

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/25536
Published: 2026-09-29T23:06:10.000Z
Updated: 2026-09-29T23:06:10.000Z
Section: Investing

> RAY pulled back after climbing from $1.47 to $2.18, while lower open interest and a liquidation imbalance accompanied the correction.

Raydium’s RAY token fell 12.06% on Sept. 28 after reaching $2.18, bringing the price toward the $1.82 support area after a sharp monthly advance.

RAY climbed from $1.47 on Sept. 17 to a Sept. 27 close of $2.18. The move preceded a correction that left the token at $1.85 on Sept. 29, while 24-hour volume stood at $73.73 million.

For the Sept. 28–29 session, RAY opened at $2.17, reached a high of $2.19, fell to a low of $1.87 and closed at $1.90, with $101.12 million in volume. The differing figures reflect variations among market-data providers and measurement periods.

RAY gained 138% over one monthly measurement period before the decline, while a separate 30-day calculation showed a 126.94% increase. The available figures do not explain the difference between the two performance readings.

Open interest fell 8.88% to $15.93 million. Long liquidations totaled about $8.57K, compared with $23.66 in short liquidations. Spot netflows shifted to a $46.26K inflow from a $944.06K outflow the previous day. The lower open interest and liquidation imbalance accompanied the correction but do not establish whether the broader advance has ended.

The $1.82 level is the main technical threshold in the current setup. A daily close below that level would weaken the rising-channel structure, while $2.18 remains a potential rebound area. These levels describe the chart structure and do not establish a future price direction.

Raydium is a Solana-based decentralized-exchange protocol and liquidity provider. RAY is used for staking, initial DEX offering (IDO) allocations and governance.

The price move came after [Raydium reached a 2026 high as USDv and Solana-based INJ launched with liquidity on the exchange](<https://www.tokenpost.com/news/investing/23918>). The timing of those events does not establish that either launch caused the increase.

The derivatives, liquidation and flow figures represent readings taken around publication and may not represent full-day totals.

## Links in this article

- [Raydium reached a 2026 high as USDv and Solana-based INJ launched with liquidity on the exchange](https://www.tokenpost.com/news/investing/23918)