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Raydium crypto surges 14% as negative funding raises short squeeze prospects

RAY has more than doubled in a month after breaking out near $0.90.
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RAY advances 6.57% since the opening, but remains below the previous closing: a divergence that forces to distinguish rebound intraday from confirmed recovery. The volume exceeds its average of 30 days and the technical impulse is positive, although the high RSI, volatility and lack of derivative data and chain activity limit the conviction.

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AMBCrypto broke the news on Thursday, October 8, 2026.
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