Crypto Market Watch: Raydium, NEAR Protocol, and IOST Face New Technical Challenges
Raydium (RAY), NEAR Protocol (NEAR), and IOST (IOST) have delivered impressive September rallies, but each token now faces a unique technical challenge.
The current market momentum is strong for Raydium, with the token continuing to hold a bullish structure despite signs of profit-taking near recent highs.
Raydium has maintained its upward trajectory after breaking away from its $0.60-$0.80 consolidation range, pushing above its 20-day, 50-day, 100-day, and 200-day EMAs.
The token now faces resistance between $1.40 and $1.45, with a decisive move through this zone exposing the recent peak near $1.475.
In contrast, NEAR Protocol has struggled to establish a sustained move above $2.50, which now represents its first major test for the current rally.
NEAR's support structure remains relatively strong beneath the market, with the $2.41 level offering the first cushion.
$IOST delivered the most dramatic move among the three tokens, climbing from roughly $0.0006 toward $0.0019 before sellers emerged aggressively.