RAY price has climbed nearly 12% over the past week, and daily trading volume just jumped over 20%. It’s starting to gain momentum, but here’s the real question: is Raydium gearing up for a breakout, or is this just another rejection at resistance?
Let’s examine the charts and consider whether it makes sense to put $1,000 into RAY at this stage.
What you'll learn 👉
Raydium Price Still Battling a Downtrend
RAY has been stuck below a descending trendline since mid-January 2025. That line has acted as a ceiling for months, rejecting four separate breakout attempts, most recently near the $2.50 level. Previous rejections occurred around $11, $9, and $7.50, keeping the bearish trend fully intact.
After dropping more than 85% from its January high of $12 to a March low near $1.40, Raydium price started to recover. It rebounded in April, reaching back to test that trendline. Right now, RAY is hovering around $2.30, still just below the resistance that has capped every major rally this year.
Until RAY closes above $2.50 with volume to back it up, this downtrend remains unbroken.
Buyers Stepping In With Higher Lows and Solid Support
Even though the downtrend line is holding for now, the structure underneath is changing. RAY price has bounced multiple times from the $1.40–$1.60 zone, which is acting as a strong support range. That same zone served as an accumulation area back in October–November 2024, adding weight to its strength.
More recently, the chart has started printing higher lows, a shift that usually signals building bullish momentum. These higher lows are compressing the price toward the trendline, forming a potential ascending triangle. This kind of pattern often leads to an upside breakout if volume confirms.
The $2.00 level is now acting as a soft floor, while the next resistance levels above $2.50 sit at $3.20 and $4.00.
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So, Should You Put $1,000 Into Raydium?
Raydium (RAY) is showing signs of life, but it’s not out of the woods yet. The higher lows and strong support at $1.40–$1.60 are encouraging, but a clear breakout above $2.50 is still needed to flip the structure bullish.
If RAY price can close above the trendline with strong volume, a move toward $3.20 and even $4.50 is on the table. But if the price gets rejected again, we could see a pullback toward $2.00 or lower.
For now, putting $1,000 into RAY carries potential, but also real risk. Momentum is building, but until that trendline breaks, sideways action or another rejection is still a possibility.
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