Here’s Why Raydium (RAY) Price Is Pumping
By: captainaltcoin|2025/05/14 12:15:05
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Raydium (RAY), Solana’s top decentralized exchange, is turning heads with a strong price rally. Over the past day, RAY price jumped nearly 17%, reaching around $3.72. Its trading volume also spiked by about 60%, and over the last week, the token is up an impressive 56%. This surge draws serious attention from DeFi traders and aligns with the growing momentum behind Solana-based apps.According to Blockchain Bulletin on X (formerly Twitter), Raydium now handles more than 60% of all DEX volume on Solana. A big reason behind this growth is the recent meme coin trading frenzy, with some days bringing in over $16 billion in volume on the platform. Raydium ( $RAY) Jumps 19% in 24H, +56% This Week$RAY is rallying hard as #Solana’s top DEX. Raydium now commands over 60% of Solana's DEX volume, fueled by a #memecoin trading boom, some days topping $16B in volume.Its deep liquidity, Serum integration, and strong UX are... pic.twitter.com/W7nCrla9Zo— Blockchain Bulletin (@thebbcrypto) May 14, 2025 What’s powering Raydium’s rise isn’t just hype. The platform offers deep liquidity, integrates with Serum, and has a smooth user experience that engages traders. With more activity pouring in, RAY price is naturally benefiting from the surge in demand and trading volume.Raydium Price Action Suggests Further UpsideTechnical analysis of the RAY price chart shows a consistent uptrend from late February. Following a period where prices held steady, we saw an upward movement with more trading activity. The chart shows each peak getting higher than the last one, with the low points also rising – a clear sign of upward momentum.Key support zones are marked at $1.20 and $1.45, with the current price trading well above those levels. Analysts observe resistance around the $2.00 level, which has already been cleared, signaling potential continuation. The next resistance level is noted near the $4.95 zone.RAY remains above its 200 EMA, reinforcing the trend strength. The Relative Strength Index (RSI) is nearing overbought territory, suggesting that buyers continue to dominate.Read Also: Bitcoin Set for “Mega Expansion” as Chart Signals Parabolic Price SpikeSource: X/DecilizerFurthermore, a separate post from Decilizer pointed to RAY price trending upward from a $2.57 support, with a near-term target of $4.95. The post also emphasized Bitcoin’s influence on RAY trajectory. It advised monitoring volume and RSI to assess breakout strength and sustainability.Although the stated support level may differ from the chart’s earlier ranges, the target aligns with broader technical expectations. The tweet further reinforces the view that RAY price short-term movements may mirror Bitcoin’s macro pattern.RAY Momentum Backed by Volume and On-Chain StrengthThe recent rally is supported by strong volume spikes and consistent buy-side activity. Trading volume trends indicate active accumulation. On pullbacks, volume appears to taper rather than reverse sharply, which traders often view as a sign of profit-taking rather than a trend reversal.Raydium price performance continues to reflect broader enthusiasm within Solana’s DeFi segment. With higher market participation and technical confirmation, the current trend suggests a continued focus on RAY by both technical traders and DeFi participants.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post Here’s Why Raydium (RAY) Price Is Pumping appeared first on CaptainAltcoin.
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