Raydium Loses Steam Below $1.80 as Sellers Take Profits

Raydium's price surge has lost momentum as it dips below $1.80. This pullback comes on the heels of a 26.16% rally over the past day, which briefly took the token to its swing high at $1.85.

The uptick was fueled by Injective's Solana expansion, which bolstered Raydium's fundamentals. As part of this rollout, Raydium partnered with Injective as a day-one liquidity provider, granting access to Solana blockchain liquidity for Injective assets.

However, the surge in retail Futures activity and taker-sell dominance suggests that aggressive sellers may be taking profits after RAY's sharp price appreciation. This could imply exhaustion after the rapid price expansion.