币界网报道：Raydium (RAY) has experienced a 10% decline in the past 24 hours, reversing last week's rebound as the overall market fell, but still maintained a net gain of 4.83%. Analysis shows that the decline deepened, and short traders had a decisive advantage, as reflected by $0 short liquidations and a low market-making bid-ask ratio (0.7703), indicating strong selling pressure. Although spot traders have shown renewed buying interest, with a cumulative purchase of $1.269 million worth of RAY, the overall market sentiment remains bearish. In terms of technical indicators, including a breakout from the ascending channel, a bearish Bull-Bear Energy Index and a MACD death cross, indicate that if the current trend continues, the price may fall further by 10%.