Raydium, the automated market maker and liquidity provider built on Solana for the Serum DEX is once again bouncing off a critical support level @ $9.00. Great level to get a long with a stop level below. Once the downtrend at $10 breaks, i think this goes back to $16+. Also note how the 40 RSI level has held this up as support previously.
@wakefulDealer68880, Its looking good.. bounced exactly as expected off $9 and i think it is a hold. We have the solana lisbon conference this weekend so i expect entire solana ecosystem to be strong into this event