Raydium rallies over 20% in a week as RAY nears $2.60

What happened

Raydium's RAY has gained over 20% in a week, outpacing a weaker broader crypto market. The token changed hands near $2.45 at the latest chart reading and touched about $2.58 at one point during the latest intraday move.

On the 4-hour chart, RAY traded around $2.46 after an intraday peak of about $2.58. Price holds above its moving averages, with the 20-period simple average at $2.17, the 50-period near $2.04, the 100-period around $2.01 and the 200-period near $1.69.

The rally came even as the wider crypto market weakened, which the report says makes RAY's relative strength stand out. Crypto trader Zonic the Hedgehog called RAY's performance during that pullback "impressive."

Why it matters

The immediate test is the $2.58, $2.60 zone. The chart reading says a break above it could target liquidity near $2.65 and potentially open the way toward $2.80.

Momentum indicators back the bullish case. The ADX has risen to 33.78, and Aroon Up stands at 100%. A reading above 25 generally signals a trend with meaningful strength, though the ADX does not show direction. The fast advance still raises the risk of short-term profit-taking.

Protocol activity supports the price. Raydium posted $16.1 billion in third-quarter spot trading volume, and it put $6.2 million into RAY buybacks. Those purchases bought about 4.58 million tokens, roughly 1.7% of circulating supply, which the report says cuts supply on the open market and ties demand to protocol activity.

What the data shows

Third-quarter spot trading volume reached $16.1 billion, up 17% quarter over quarter, and collected fees rose to $57.1 million, according to the ecosystem data.

Raydium directed $6.2 million to buybacks and bought about 4.58 million RAY, or roughly 1.7% of circulating supply.

Cumulative tokenized equity trading volume on the platform crossed $6 billion.

Background

The advance extends a recovery from a base around $0.60 earlier this year. RAY has since reclaimed $1.00, $1.50 and $2.00, with October's move pushing it toward levels last seen before the late-2025 selloff.

Raydium has also drawn activity from tokenized assets on Solana. An October change to its constant-product market maker fee structure sent 5% of creator fees back to the protocol.

What is still unclear

• It is not yet clear whether RAY can close above the $2.58, $2.60 zone, which the report treats as the next hurdle.
• The report says the speed of the advance raises the possibility of a short-term pullback.
• RAY has pushed into the Murrey Math 8/8 resistance region around the current price area, a level the report flags after its run through lower resistance zones.

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