- Raydium tests resistance to $ 4.20 at $ 5.00, crucial for the management of future prices.
- A break greater than $ 5 could lead to significant gains, while rejection can trigger a correction.
While the cryptocurrency of Raydium continues its ascending trajectory, a crucial price that could determine the next direction for its market movement is at sight. According to the latest update, the action of digital asset prices is at a hinge level, as it is testing a large resistance area between the fork of $ 4.20 and $ 5.00. At the same time, an increase in prices of 20% has been recorded in the last 24 hours validating its ability to reach these levels.
According to an observation prepared by nology, a significant increase compared to the stockings of 2023 was noted by Raydium, reaching key resistance levels. The most recent price action shows a potential reversal, with a possible correction forming in May 2025. The trend seems to form an Elliott wave structure, with waves labeled from 1 to 5.
Support levels are drawn around $ 2.30, while the resistance is observed nearly $ 10. If the current trend continues, Ray could test higher levels, but the graph also shows a possible drop in reducing support in the near future. This trend brings two scenarios into play, the bullish and the lowering.
Haussier scenario: a correction of the shallow wave 2
In the Haussier scenario, the Haussier price action can be interpreted in the light of a shallow wave 2. In this case, Raydium would resume its upward trend after a minor retracement. If the price violated the level of $ 5, the upward potential becomes massive.
Such an attempt to overcome the resistance could open the way to a shiny movement up to $ 17, and even more, breaking the $ 20 bar. It would be a clear bullish development because the mood of the market will probably be optimistic in the recovery.
Lower Scenario: longer rejection and correction
On the other hand, in the event that Raydium is unable to cross the level of resistance at $ 5, he could cause a downward reversal. In this case, the price would be rejected in the level between $ 4.20 and $ 5.00 to make a larger correction.
Based on the time -based fibonacci analysis, this correction could extend throughout the summer, potentially ending around August. Such a scenario would lead to a sustained decline, significant resistance preventing rapid recovery.
Raydium performance of the current market
Monitoring the asset market trend from press time, CoinmarketCap data indicate that Raydium (Ray) is currently negotiated at $ 3.69, reflecting an 18.58% increase in the past 24 hours.
The token market capitalization increased to $ 1.07 billion, with a 24 -hour negotiation volume of $ 165.05 million, which represents an increase of 17.51%. Commercial data show a strong upward trend, the price gaining momentum throughout the day.
With the current market trend, the vital resistance area between $ 4.20 and $ 5.00 is now the Raydium level to be observed. If the price crosses this area and gathers, it could mean that the price amounts to a very optimistic trend. However, if the price is rejected from this level, there will be a printed correction.
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