Raydium is having a strong day, jumping more than 10% to hit $2.37. Trading volume has also exploded, climbing over 200%, which shows just how much interest this breakout is getting. At the same time, Bitcoin (BTC) price has pushed past $107,000, giving the entire altcoin market a boost, and RAY seems to be benefiting from the momentum.
Crypto analyst Decilizer shared a tweet pointing out the bullish setup forming on RAY chart. He sees $1.57 as the support level that kicked off this rally and believes the price could climb all the way to $4.95 if the momentum sticks around. He also suggested keeping an eye on RSI and volume to see if RAY price can push higher or if it’s running into resistance.
What you'll learn 👉
Raydium Technical Structure Supports Ongoing Rally
On the 4H chart, RAY price is forming a clear uptrend with consistently higher highs and higher lows. Price action has stayed above the 200 EMA, which continues to trend higher. This moving average has been acting as dynamic support during the recent uptrend, confirming the asset’s bullish structure.
The breakout from $1.57 marked a key moment, as the level had previously served as support multiple times. Its retest and subsequent rally align with the pattern of accumulation followed by a breakout, commonly seen in trending markets. The $1.20 to $1.25 zone remains the next layer of downside protection should price correct.
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Moreover, volume activity has confirmed each leg of the price increase, with spikes during breakouts reinforcing the momentum. The latest surge in volume coincides with the breakout above $1.95, suggesting strong interest from traders and investors.
The RSI indicator on the 4H timeframe is approaching overbought levels, sitting above 70. This shows strong momentum, but it could also signal a brief pause or small pullback if buying pressure weakens. However, sustained volume could keep RAY price elevated or push it further.
Resistance and Mid-Term RAY Price Targets
The immediate resistance zone sits near $1.95 to $2.00, which was tested during the latest rally. A successful close above this zone could open the path toward the $2.10–$2.30 region, with $4.95 serving as the mid-term upside projection noted in Decilizer’s tweet.
This target aligns with current trend projections and would reflect a near 200% increase from the key support area at $1.57. For this scenario to unfold, both RAY and Bitcoin must maintain their current momentum.
Raydium Market Context and Key Levels to Monitor
Bitcoin’s continued ascent appears to be a key external factor influencing altcoin movements. With BTC price holding steady above $107,000, market confidence has extended into other digital assets, including RAY. As long as BTC avoids sharp corrections, conditions remain favorable for Raydium to attempt higher price zones.
For now, traders are watching the $1.57 level as the main support zone, with volume and RSI serving as confirmation tools. Any shift in these indicators could signal whether the current RAY price uptrend remains intact or begins to lose steam.
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