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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
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Categories:

Hot right now:

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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Raydium Price Hits $7 for the First Time Since 2021! Will It Challenge $10 Next?

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Ethena (ENA) & Raydium (RAY) Lead the Markets with Over 30% Gains-Here Begins the Biggest Altseason

The post Raydium Price Hits $7 for the First Time Since 2021! Will It Challenge $10 Next? appeared first on Coinpedia Fintech News

Amid increased bearish action, the crypto market has dropped to a notable extent with the price of Bitcoin retesting its important support trendline. Talking about the Ethereum-killer Solana, the SOL price has experienced a major correction following the rising concern about the Solana Network congestion.

However, the SOL-based Raydium price has turned out to be the highlight of the market with an impressive surge of over 15% in 24 hours. Will this altcoin maintain its bullish action and hit $10? CoinPedia’s expert panel has uncovered the market sentiment and possible short-term price analysis of Raydium (RAY) token.

RAY Price Hits A New 37-month High Today!

Reportedly, the Raydium price has added 15.31% to its valuation in 24 hours with a trading volume of $401.94 million. Moreover, this altcoin has surged 52.09% over the past week and has a YTD return of +54.17%. With a market cap of $2.21 billion, it has secured the 54th position.

Raydium price Analysis 21st January 2025
TradingView: RAY/USDT

The Relative Strength Index (RSI) is headed toward the overbought range in the daily time frame. Furthermore, its average trendline acts as a support in the RAY price chart. This suggests an increase in the buying-over-selling pressure for the altcoin in the cryptocurrency market.

On the other hand, the 50-day EMA shows a bullish curve in the Raydium price chart. Its 200-day EMA records a similar price action, highlighting a positive outlook for the Solana-based crypto this week.

Will Raydium Price Reach $10?

If the bullish sentiment sustains, the Ray coin price will retest its resistance level of $8. Moreover, if the market favors the bulls, this could result in it heading toward its upper resistance level of $9 in the coming time.

Conversely, if a trend reversal occurs, the Raydium token could retest its support level of $7. Moreover, if the bearish sentiment spikes at that point, this could result in it plunging toward its lower support level of $6.

Planning on stacking RAY tokens but concerned about its long-term prospects? Read CoinPedia’s Raydium Price Prediction!

FAQs

Is Raydium a good investment?

If the bullish sentiment sustains, the RAY price could reach a maximum price of $37.36 by 2030.

Where can I buy RAY crypto coin?

Raydium cryptocurrency is listed on all major centralized and decentralized exchanges and is available for trading.

How much is Raydium worth?

With a 24-hour trading volume of $401.82 million, the RAY coin price is trading hands at $7.488.

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