Raydium (RAY) Rallying With Key Pattern— Is Jupiter (JUP) Following Similar Bullish Path?
By: coinsprobe|2025/05/14 06:15:04
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Date: Wed, May 14, 2025 | 05:50 AM GMTThe cryptocurrency market continues to build on its recent strength, with Ethereum (ETH) leading the charge. ETH has climbed more than 64% over the past month and is now trading above the $2,650 mark — its highest level in months. This resurgence is also helping to lift sentiment across major altcoins.Among the standout performers, Raydium (RAY) has caught traders’ attention with an impressive 74% surge in the last 30 days. At the same time, Jupiter (JUP) isn’t far behind, climbing 46% and showing signs of following a very similar trajectory to RAY’s breakout.Source: CoinmarketcapRAY and JUP AnalysisOn the left side of the chart, Raydium (RAY) is powering through a textbook 5-wave Elliott impulse structure. After bouncing from the Wave 4 low around $2.20, RAY is now approaching the final leg of this pattern — Wave 5 — with a projected target near $3.83. Traders may want to watch this zone closely as profit-taking or short-term consolidation could begin around that level.RAY and JUP Tokens Chart/Coinsprobe (Source: Tradingview)Meanwhile, on the right side, Jupiter (JUP) appears to be forming a mirror pattern, potentially unfolding its own 5-wave Elliott rally. However, it hasn’t confirmed completion of Wave 3 just yet. That means the final target is still evolving — but if JUP mirrors RAY’s path, it could eye a move towards the $0.90 region in the coming weeks.What’s Next?If the Elliott wave pattern plays out similarly for JUP, traders could see another leg up mirroring RAY’s bullish momentum. For now, JUP remains one to watch — especially for those who believe in pattern-based setups and market symmetry between correlated assets.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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