Raydium is making a comeback – its price went up 6.35% in the last day, with trading picking up significantly. The volume jumped 86.57%, showing traders are getting interested again. This bounce follows a down period, but RAY just broke out of its downward pattern.
The price of Raydium sits at $5.13, up 2.23% in the last 4 hours. The breakout from the descending channel, as seen in the 4-hour chart, marks the potential end of its prior bearish trend. The 9-period Exponential Moving Average (EMA) is now at $4.939, and the price closing above it suggests improving short-term momentum.
The RSI is at 50.61, signaling neutral momentum with room for further upward movement. The breakout is supported by a projected bullish path toward $8.781, with intermediate resistance expected in the $6.50–$7.00 range.
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What you'll learn 👉
Raydium Support and Resistance Levels
Two key levels define the current market structure. Support at $3.881 has acted as a strong base during previous price corrections, preventing significant declines. Resistance at $8.781 remains a challenging level, as it historically represents a zone of selling pressure.
If the bullish momentum continues, RAY’s price may test the $6.50–$7.00 range before making a move toward $8.781. However, if the price fails to hold above the EMA, it could retrace to support levels near $4.50 or $3.881.
Increased Trading Volume Indicates Market Interest
The 86.57% increase in trading volume reflects heightened activity in the RAY market. This rise in volume often correlates with stronger price movements, reinforcing the potential for sustained bullish momentum.
All eyes are on whether this breakout will stick. The rising price and higher trading activity point to possible gains ahead, but a lot depends on how RAY handles key price levels.
Looking at the short term, things are looking better for RAY. While the overall momentum is neutral, these next few trading sessions matter a lot. They’ll show if RAY’s price can keep climbing or if it hits a wall. Market participants are keeping a close watch.
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