Raydium Surges Over 62% and Breaks Above $6.5 Mark
Raydium (RAY) has surged over 62% in less than six days, establishing itself as a leading decentralized exchange (DEX). Key highlights include:
- Breakout above last year’s high supports a bullish outlook.
- Analyst BigCheds notes strong demand and relative strength compared to other altcoins.
- Recent price movement exceeds the $6.5 mark, signaling strong bullish sentiment.
- Robust fundamentals reinforce Raydium's position within the Solana ecosystem.
- Current testing of levels not seen since 2022 indicates potential for further gains.
- Holding above $6.70 is critical; next target is the psychological resistance at $7.
- Market sentiment remains optimistic with technical and fundamental support.
