Solana News Today: Raydium RAY jumps 21% as Solana rally boosts altcoin optimism

Raydium’s (RAY) native token surged by 21% on 13 August 2025, driven by a rally in Solana (SOL), a shift in market sentiment, and a decline in Bitcoin’s dominance. The move reflected broader optimism in the altcoin sector, as capital flowed away from Bitcoin and into smaller-cap projects [1]. RAY closed at $3.60 following the surge, with its 24-hour trading volume rising by 90%, signaling increased participation from both retail and institutional investors [1].

Technical analysis suggests that RAY is currently at a critical juncture. The token is approaching the $3.65 level, a price point that has historically acted as a strong resistance. AMBCrypto’s analysis notes that since May 2025, RAY has tested this level over four times, each time facing selling pressure that led to significant downside [1]. A well-followed crypto analyst warned on X that RAY had been "rejected at the top of the channel" and could "head to the bottom next" [1].

Despite the bullish momentum, on-chain metrics have raised red flags. Coinglass reported that $2.58 million worth of RAY had moved to exchanges in the past 24 hours [1]. This activity is often seen as a precursor to dumping, as large holders prepare to offload their tokens. If RAY fails to break above $3.65, it could face a sharp reversal, mirroring previous breakdowns at the same level [1].

Conversely, if RAY manages to close a daily candle above $3.65, it could trigger a parabolic rally. Analysts estimate that a successful break could push the price up to $4.75 within a short timeframe [1]. Further upside to $5.67 is also possible if the momentum continues. However, such projections are speculative and rely on the assumption that RAY can overcome its historical resistance.

The Supertrend indicator turned green following the recent price action, suggesting that RAY is in an uptrend supported by strong buying pressure [1]. The Relative Strength Index (RSI) stood at 66, indicating that the token is approaching overbought territory but still has room for further gains [1].

As traders and investors closely watch RAY’s next move, the broader market remains in a delicate state. A shift in sentiment, a drop in Solana’s performance, or increased selling pressure could quickly reverse the recent gains. For now, RAY’s price action continues to attract attention, but caution is warranted as the altcoin stands at a make-or-break level.

Source: [1] [21% gains for Raydium’s (RAY) price, but is a dump incoming now?](https://ambcrypto.com/21-gains-for-raydiums-ray-price-but-is-a-dump-incoming-now/)