Raydium’s Price Action Signals Big Move: Is Raydium Ready to Break $3?

RAY price steadies around $2.95, just above major 0.618 Fibonacci support.

Ascending triangle pattern suggests a breakout if $3.80 resistance is convincingly cleared.

Potential rally targets $4.11, $5.53, and $6.46 based on Fib extensions.

Raydium (RAY) trades at $2.91 as of press, dipping slightly by 1.5% in 24 hours but up over 11% this week. With volume steady at $51 million, RAY looks poised for a breakout—if it can clear the key $3.80 hurdle soon.

Raydium Finds Support in a Tight Range

Raydium (RAY)is trading above the key 0.618 Fibonacci level at $2.72. This spot has served as a strong support, helping the price bounce back every time it dips.

Source: Ali Charts Via X

Since April, the daily chart reveals an ascending triangle pattern forming, where higher lows are gradually pushing up against a strong resistance near $3.80. This kind of setup often hints at a breakout, especially if volume picks up

Currently, RAY is trading around $2.95, stuck between this key support and resistance. The rising trendline below shows steady buying pressure over the past months. Breaking above $3.80 is vital to spark the next upward move…

What Could Trigger the Next Move?

The $3.80 resistance has been a tough barrier, standing strong after several tries and building pressure in the market. If Raydium (RAY)pushes past this level with solid trading volume, it could spark a rally

The price may aim for Fibonacci targets at $4.11, $5.53, and $6.46—levels where buyers lock in profits. However, if RAY can’t stay above the ascending trendline, the bullish momentum would weaken and see the price slip back toward $2.39 support or even $2.10,or a deeper drop.

Why Raydium’s Setup Is Worth Watching

Raydium is quickly becoming a coin to keep an eye on in the days ahead. It’s forming an ascending triangle—a well-known pattern that often leads to breakouts—especially when it’s holding strong around the important 0.618 Fibonacci level

What will really matter is the trading volume near the $3.80 resistance; that will show if buyers have the strength to push the price higher. While some uncertainty remains, the setup suggests there’s a good chance for a move up if those key levels hold

As support and resistance tighten, a big price shift could be just around the corner, setting the tone for what’s next.

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