Raydium has shown remarkable performance, gaining 62% in just eight days. The price broke out of a range between 4.02 USD and 6.3 USD, indicating a robust bullish trend with significant trading volume.
The demand for RAY was likely increased by the launch of the TRUMP meme coin on the Solana blockchain, although RAY’s upward movement started before this event. The price has since retested its highs as support.
Looking ahead, RAY’s price is projected to target resistance levels at 7.66 USD and 9.54 USD, with a bullish expectation of reaching between 8 USD and 8.2 USD. Current technical indicators show positive momentum.