Raydium has broken above the $2.85 level, representing a bullish structure break.
Its approach of the psychological $4 resistance could be met with setbacks.
Raydium [RAY] has been in a steady uptrend over the past eight days. After retesting the $2.2 support zone, Solana’s [SOL] decentralized exchange token has rallied 64.9% at press time.
Two weeks ago, it was reported that RAY bulls have a strong case.
It has proved correct since then, although early May saw a 27% price dip from $3 to $2.2. Recently, altcoins have been surging higher, and holders might witness further gains in the coming days and weeks.
Raydium to test $4 next, but can it break through?
Source: RAY/USDT on TradingView
On the 1-day chart, Raydium has a bullish market structure. It has breached a significant lower high set during early March. In doing so, the swing structure of Raydium on the 1-day chart was flipped bullishly.
This previous lower high was $2.85. On Saturday the 10th of May, the price surged pas
We współpracy z: https://ambcrypto.com/raydium-targets-4-breakout-heres-why-it-could-get-delayed/
