Raydium (RAY) Price Targets $16.78: Is a 250% Rally Ahead?

The post Raydium (RAY) Price Targets $16.78: Is a 250% Rally Ahead? appeared first on Coinpedia Fintech News

With a rising trend and the broader market recovery, the RAY price bull run creates a new all-time high. As the Solana-based DeFi protocol becomes one of the top performers in the crypto market, bulls target higher price levels. 

As the RAY prices approach the $6 breakout, will the bull run reach $16.78? Let’s find out in our Raydium price analysis. 

RAY Price Performance

With a recovery rally at play, Radium has crossed its trading at all-time high level. RAY price has surpassed the $1.04 mark and is currently trading at $4.78, with an intraday gain of 10.71%. 

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The Rounding Bottom Reversal in the daily chart has crossed above its neckline at the 100% Fibonacci level. As the breakout rally gains momentum, the uptrend is likely to create new all-time highs as the broader market recovers. 

Technical Indicators: 

MACD: The MACD indicator in the daily chart shows a massive surge in the MACD and signal lines, avoiding a bearish crossover. Furthermore, the bullish histograms resurface, signaling a surge in buying pressure. 

EMA: As the buying pressure grows, the 50-day and 200-day exponential moving averages maintain a positive trend following the golden crossover.

Raydium Price Targets

As it heads higher to the 1.618 Fibonacci level, priced at $6.13, the broader market anticipates the bull run in this Solana-based one going to surge higher. As Solana Network grows and Solana Network T-Bell heads $6.667 billion, the Radium protocol is likely to expand. 

Crossing above the 1.618 Fibonacci level, the upcoming price targets for Radium are at $16.78. Hence, with a massive upside potential of 250%, Radium is one of the best Solana-based tokens to buy.  

Will Solana continue to uptrend and flip Ethereum? Find out more in Coinpedia’s SOL Price Prediction.

FAQs  What is the current price of Raydium (RAY)?

Raydium is currently trading at $4.78, reflecting a 10.71% intraday gain as it rebounds from recent lows.

What are Raydium’s price targets?

RAY aims for the 1.618 Fibonacci level at $6.13 in the short term, with a long-term target of $16.78, representing a 250% upside.

Is Raydium (RAY) a good investment?

Raydium shows strong bullish momentum with a rounding bottom reversal, golden EMA crossover, and its role in the growing Solana ecosystem, making it a promising investment opportunity.