Amidst the market turmoil, RAY, AERO, and SPX6900 are leading with double-digit gains.

(DeFi) decentralized finance tokens such as Raydium (RAY), Aerodrome Finance (AERO), and SPX6900 (SPX) have shown superior strength to the majority of the crypto market over the past 24 hours, shortly after the US Federal Reserve (Fed) announced its decision to keep the policy rate unchanged at 4.25%-4.5% during the June meeting.

This is the fourth consecutive time the Fed has kept interest rates unchanged, putting pressure on top cryptocurrencies. On Thursday, Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) all fell into the red, with a slight decrease of less than 1%.

Raydium recovers from the $2 mark

Raydium (RAY) has surged over 15% on Thursday, as the price recovered from the important psychological support level at $2. On the daily chart, RAY is forming a double bottom pattern – a classic reversal signal – with the neckline at $2.58.

If the price can decisively close above this level, the recovery momentum is likely to extend, bringing RAY towards the 200-day exponential moving average (EMA) near the round figure of $3 – an important technical milestone.

Daily RAY/USDT chart | Source: TradingViewThe MACD indicator is showing signs of a bullish reversal, with the MACD line just crossing above the signal line – forming a bullish cross (, accompanied by a positive histogram rising above the 0 line, further reinforcing the buy signal.

In addition, the relative strength index )RSI( has also bounced back to the neutral level of 50 after falling into the oversold zone, reflecting that bullish momentum is gradually being re-established.

However, if RAY cannot maintain its upward momentum and closes below the neckline, the risk of the price reversing back to the support area of $2 still exists.

AERO aims to expand to the $1 mark

AERO continues to maintain its upward momentum with a slight increase of 3% at the time of writing, following a breakout of 19% in the previous session. This DeFi token has now surpassed the 200-day EMA – a significant technical threshold – and has established its highest price in over four months.

The current price of AERO is stabilizing at $0.81, matching the Fibonacci 50% level established from the historical peak of $2.33 to the bottom of 2025 at $0.282. The nearest resistance level is at $1.04, corresponding to the Fibonacci 61.8% level.

![])https://img-cdn.gateio.im/webp-social/moments-aec922cc0d0e5de9f358d00167f46966.webp(Daily chart of AERO/USDT | Source: TradingViewThe MACD indicator gives a positive signal as the green histogram continues to expand, indicating that bullish momentum is being solidly reinforced. However, the RSI index is approaching the overbought zone, increasing the likelihood of a technical correction occurring in the short term.

If a negative scenario occurs and the price falls below the 50% Fibonacci level, the bullish trend may be invalidated. At that point, AERO is likely to return to test the 50-day EMA around the $0.63 mark.

SPX6900 recovers but warns about a dead cat bounce

The meme coin SPX6900 surged sharply by 13% on Wednesday, nearly erasing the previous 12% decline and signaling a potential recovery. However, on Thursday, the momentum slowed somewhat as SPX6900 made a slight adjustment of 1%.

Currently, SPX6900 is facing a significant resistance level around $1.47 – coinciding with the 78.6% Fibonacci retracement level, calculated from the historical peak of $8.03 to this year's bottom at $0.25. Breaking through and closing above this zone could open up opportunities for SPX6900 to revisit previous peak levels.

![])https://img-cdn.gateio.im/webp-social/moments-db6991472e7aa7ab7872bcc11c3a37c2.webp(SPX6900/USDT daily chart | Source: TradingViewHowever, the highly volatile price movement over the past week has triggered a "death cross" signal on the MACD indicator, as the MACD line crosses below the signal line. At the same time, red histogram bars appearing below the 0 threshold are warning of a potential trend reversal.

The RSI index is currently at 59 and is turning down from the overbought region, indicating that the upward momentum is gradually weakening.

If it cannot successfully break through the $1.47 level, SPX6900 risks sliding back to the next support zone at the Fibonacci 61.8% level, corresponding to $1.21.

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