- Raydium trades at $2.65, with bulls defending $2.40 support, shaping an ascending triangle structure pointing toward higher Fibonacci extension targets.
- The resistance zone of 3.80 is the most relevant breakout zone, and any confirmed breakout may open the roadmap to 4.12 and 6.45.
- The Fibonacci retracement of 0.618 at around $2.718 is a possible reversal base that will sustain the momentum of buyers and strengthen the bullish trend.
Raydium (RAY) is trading at $2.65 as bulls hold the $2.40 support, a level that could determine its next major move.
Key Support at $2.40 Holds Firm
Crypto analyst Ali_charts observed that Raydium could rally toward $6.50 if the $2.40 support zone continues to hold. The price action has respected an ascending trendline since April 2025, showing sustained buyer interest at each retest. This structure has reinforced the bullish case, keeping traders focused on higher targets.
The recent retracement from $3.80 brought RAY to the 0.618 Fibonacci retracement near $2.718. This level is often viewed as a strong foundation for potential reversals, and current consolidation suggests that bulls are defending it. As long as RAY remains above $2.40, the setup maintains its strength.
The overall structure forms an ascending triangle, where higher lows converge against the $3.80 resistance. A successful breakout above this point would probably pave the way to the next Fibonacci levels of $4.12, $5.53, and $6.45.
Roadmap Toward $6.50 if Momentum Builds
The bullish roadmap indicates a step-by-step path, with price consolidating before each breakout. The dotted projections on the chart suggest gradual progress through resistance levels. If momentum builds, this roadmap could take RAY closer to its extension target near $6.50.
Not holding at $2.40, however, would invalidate the bullish pattern. Under such an event, the price may drop back down to $2.10 or even $1.79. Market participants remain monitoring this support, as its breach would shift sentiment away from current opinion.
Raydium was trading at $2.65 as of writing, supported by a 24-hour volume of $35.79 million. The asset posted a 1.18% gain on a day-to-day basis, but it is still 4.04% lower on the week. For the bulls, trading above the support level of $2.40 is crucial in maintaining control and breaking to the $3.80 level.
