With a rising trend and the broader market recovery, the RAY price bull run creates a new all-time high. As the Solana-based DeFi protocol becomes one of the top performers in the crypto market, bulls target higher price levels.
As the RAY prices approach the $6 breakout, will the bull run reach $16.78? Let’s find out in our Raydium price analysis.
With a recovery rally at play, Radium has crossed its trading at all-time high level. RAY price has surpassed the $1.04 mark and is currently trading at $4.78, with an intraday gain of 10.71%.
The Rounding Bottom Reversal in the daily chart has crossed above its neckline at the 100% Fibonacci level. As the breakout rally gains momentum, the uptrend is likely to create new all-time highs as the broader market recovers.
Technical Indicators:
MACD: The MACD indicator in the daily chart shows a massive surge in the MACD and signal lines, avoiding a bearish crossover. Furthermore, the bullish histograms resurface, signaling a surge in buying pressure.
EMA: As the buying pressure grows, the 50-day and 200-day exponential moving averages maintain a positive trend following the golden crossover.
As it heads higher to the 1.618 Fibonacci level, priced at $6.13, the broader market anticipates the bull run in this Solana-based one going to surge higher. As Solana Network grows and Solana Network T-Bell heads $6.667 billion, the Radium protocol is likely to expand.
Crossing above the 1.618 Fibonacci level, the upcoming price targets for Radium are at $16.78. Hence, with a massive upside potential of 250%, Radium is one of the best Solana-based tokens to buy.
Will Solana continue to uptrend and flip Ethereum? Find out more in Coinpedia’s SOL Price Prediction.
Raydium is currently trading at $4.78, reflecting a 10.71% intraday gain as it rebounds from recent lows.
RAY aims for the 1.618 Fibonacci level at $6.13 in the short term, with a long-term target of $16.78, representing a 250% upside.
Raydium shows strong bullish momentum with a rounding bottom reversal, golden EMA crossover, and its role in the growing Solana ecosystem, making it a promising investment opportunity.
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