Cryptocurrencies Price Prediction: Raydium, Ethereum & Aerodrome Finance — Asian Wrap 19 June
|Raydium soars 18% as Upbit lists RAY/KRW and RAY/USDT trading pairs
Raydium (RAY) price rallies more than 18% on Thursday after rebounding from its key support the previous day. The main reason for RAY’s rally is that Upbit, South Korea’s largest cryptocurrency exchange, announced the listing of RAY trading pairs. Derivatives data also support the bullish thesis as RAY’s Open Interest (OI) rose and reached levels not seen since mid-May.
Ethereum Price Forecast: ETH stays muted as uncertainty from Middle East crisis weighs on market sentiment
Ethereum (ETH) held steady around $2,500 in the early Asian session on Thursday following mixed activity across its on-chain data. Ethereum is experiencing calmness in its on-chain metrics following an extended period of price consolidation that has spanned the past six days after dropping from above $2,700.
Top 3 Crypto Gainers: RAY, AERO, SPX shrug off market volatility, record double-digit growth
AERO edges higher by 3% at the time of writing, following the previous day’s 19% surge. The DeFi token surpasses the 200-day (EMA) and records its highest traded price in over four months. AERO marks a concrete closing above $0.81 aligned with the 50% Fibonacci level, drawn from the all-time high of $2.33 to the year-to-date low of $0.282. The immediate resistance lies at $1.04, aligned with the 61.8% Fibonacci level.
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