Is It Too Late To Buy RAY? Raydium Price Is The Biggest Gainer On CoinMarketCap With 17% Surge, And This Might Be The Next Crypto To Explode
The Raydium price surged 17% in the last 24 hours to trade at $5.65 as of 02:56 a.m. EST on trading volume that jumped 26% to $166 million. The strong performance by the RAY price has made the altcoin the biggest 24-hour gainer in the crypto market on CoinMarketCap . Raydium Price Gearing Up For A Sustained Rally The RAY price is currently displaying a bullish Elliott Wave structure, with the chart suggesting that the asset is in the process of forming Wave 5 of an impulse wave sequence. According to data from GeckoTerminal , Wave 4’s correction aligns well with Fibonacci retracement principles, as the price found support at a previous accumulation zone before rebounding. The Raydium price is slightly below the 50-day Simple Moving Average (SMA), meaning breaking above it could signal further bullish momentum. Meanwhile, the price of RAY remains well above the 200-day SMA at $3.6998, reinforcing the overall bullish trend. The Relative Strength Index (RSI) is at 47.54, which...