Solana News Today: Raydium Surges 8% Weekly, Eyes $20 Target

Raydium has recently shown significant strength, crossing back above $3.15 with an 8% weekly gain, marking its highest weekly close since early March. The token's structure is forming a long-term rounded bottom, positioning it just below the next major resistance zone between $3.50 and $4.00. According to Rendoshi Ondomoto, the ultimate target for Raydium lies around $20–$22, which served as a key resistance during the 2021 blow-off top. If this breakout mirrors the previous cycle, it could result in a 6x+ move from current levels. Unlike many Solana tokens, RAY has yet to experience its parabolic run this cycle.

Raydium is considered one of the most obvious yet underappreciated Solana tokens. It ticks all the boxes for an altcoin, including a 6% staking APR, massive buybacks from revenue, most of its supply already circulating, significant growth, and market share gains in multiple verticals. These factors make RAY a strong candidate for investment, especially as it continues to reclaim dominance across Solana DeFi, including DEX volume, liquidity provision, and integrations across various projects.

Raydium's strong fundamentals, low inflation, real revenue, and technical strength position it well for potential growth. If Solana makes another leg up, RAY could be one of the highest beta plays in the ecosystem. The weekly chart is tightening for a move, and if RAY can reclaim the $4.00 zone, the upside opens fast. In a full-blown altseason, $10 isn’t unrealistic – and $20 becomes a target if it mirrors its 2021 path. Despite these positive indicators, the market has yet to fully price in Raydium's potential, making it an attractive option for investors looking to capitalize on the Solana ecosystem's growth.