Ethereum News Today: RAY's $2.40 Support Test: Breakout to $6.50 or Downfall Below $2.10?

Source: [1] Raydium Price Prediction: Can RAY Break Resistance? (https://www.tronweekly.com/raydium-price-prediction-can-ray-break/)

[2] Raydium Price Prediction: Can ETH Break $4,000 in 2025? (https://www.ccn.com/analysis/crypto/ethereum-price-2025-targets-resistance/)

[3] Raydium Price, Chart, Market Cap, RAY Coin Essentials (https://www.coinlore.com/coin/raydium)

[5] RAY Bulls Defend $2.40-Upside Roadmap Points to $6.50 if Support Sustains (https://altcoinboom.com/ray-bulls-defend-2-40-upside-roadmap-points-to-6-50-if-support-sustains/)

Raydium (RAY) has stabilized above the critical $2.40 support level, positioning itself for a potential rally toward $6.50 if bullish momentum persists. Technical analysts highlight the 0.618 Fibonacci retracement at $2.718 as a key reversal threshold, with current price action forming an ascending triangle pattern. This structure suggests a breakout above the $3.80 resistance zone could trigger a multi-stage ascent to $4.12, $5.53, and ultimately $6.45.

Market data indicates RAY is currently trading at $2.65, with 24-hour trading volume reaching $35.79 million. The token's weekly performance remains mixed, down 4.04% as of the latest report, but short-term buyers have demonstrated resilience through higher lows along an ascending trendline established since April 2025. Analysts attribute this consolidation to sustained interest in Raydium's Solana-based decentralized exchange (DEX) ecosystem, which integrates on-chain liquidity with Serum's order book infrastructure.

Critical support levels remain under close observation. A breakdown below $2.40 would invalidate the bullish case, potentially triggering a retest of $2.10 or $1.79. Conversely, a confirmed breakout above $3.80 would align with Fibonacci extension targets, with the $4.20 level acting as an intermediate milestone. Community sentiment reflects strong optimism, with 85% of surveyed participants expecting further gains, though volatility remains elevated as traders anticipate regulatory and macroeconomic developments.

Raydium's technical roadmap hinges on maintaining control of the $2.40–$2.70 range, which serves as the foundation for its bullish trajectory. Historical price patterns suggest that consolidation above this zone could fuel a move toward $3.80, where past resistance has repeatedly stalled upward momentum. Analysts caution that while the Fibonacci-based targets provide a framework for potential price action, execution will depend on broader market conditions and on-chain activity, including short-term holder accumulation and SOPR (Spent Output Profit Ratio) dynamics.

The token's market capitalization currently stands at $746.34 million, reflecting a 6.93% weekly increase. This growth aligns with broader DeFi sector trends, particularly in Solana's expanding decentralized finance (DeFi) ecosystem. Raydium's unique position as a liquidity provider bridging Serum's order book with automated market maker (AMM) functionality positions it to benefit from increased trading volumes and institutional adoption. However, challenges such as competition from emerging DEX platforms and macroeconomic headwinds could temper its near-term prospects.

In summary, Raydium's price trajectory remains contingent on the $2.40 support level holding firm. A successful breakout above $3.80 could catalyze a surge toward $6.50, while a breakdown would shift focus to lower support zones. Investors are advised to monitor key technical indicators, including the ascending triangle pattern and Fibonacci retracement levels, alongside broader market sentiment as the token navigates its next phase of development.