- Bullish RAY price prediction for 2024 is $3.699 to $5.476.
- Raydium (RAY) price might reach $10 soon.
- Bearish RAY price prediction for 2024 is $1.389.
In this Raydium (RAY) price prediction 2024, 2025-2030, we will analyze the price patterns of RAY by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
CAT IN A RAYDIUM (RAY) PRICE PREDICTION 2024 |
|
| CAT IN A RAYDIUM (RAY) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Raydium (RAY) Current Market Status
| Current Price | $3.21 |
| 24 – Hour Trading Volume | $85.28M |
| Market Cap | $848.35M |
| Circulating Supply | 263.85M RAY |
[TD]24 – Hour Price Change[/TD]
[TD]0.92% Down[/TD]
[TD]All – Time High[/TD]
[TD]$16.93 (On September 13, 2021) [/TD]
[TD]All – Time Low[/TD]
[TD]$0.1343 (On December 30, 2022) [/TD]
[/TR]
RAY Current Market Status (Source: CoinMarketCap)
What is Raydium (RAY)
| TICKER | RAY |
| BLOCKCHAIN | Solana |
| CATEGORY | DeFi (Decentralized Finance) |
| LAUNCHED ON | February 2021 |
| UTILITIES | Governance, Launchpad, Staking and Token Burninb |
Raydium (RAY) is a decentralized exchange (DEX) and automated market maker (AMM) built on the Solana blockchain. Known for its high-speed transactions and low fees, Raydium provides liquidity and trading capabilities for the Solana ecosystem, supporting both its native tokens and various assets bridged from other blockchains. Unlike traditional AMMs, Raydium integrates directly with Serum’s on-chain central limit order book, giving it access to Serum’s liquidity and enabling traders to interact with an order book model.
Raydium offers yield farming, allowing users to earn RAY tokens by providing liquidity. It also features “Fusion Pools” for staking and yield optimization. The platform aims to deliver a comprehensive DeFi experience with fast, secure, and scalable options for swapping, trading, and earning within Solana. As Solana’s DeFi space expands, Raydium remains a key player in facilitating seamless and efficient trading and liquidity solutions.
Raydium 24H Technicals
(Source: TradingView)
Raydium (RAY) Price Prediction 2024
Raydium (RAY) ranks 71st on CoinMarketCap in terms of its market capitalization. The overview of the Raydium price prediction for 2024 is explained below with a daily time frame.
RAY/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, Raydium (RAY) laid out a horizontal channel pattern. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Raydium (RAY) was recorded at $3.21. If the pattern trend continues, then the price of RAY might reach the resistance levels of $3.648, and $4.353. If the trend reverses, then the price of RAY may fall to the support of $3.306, and $2.958.
Raydium (RAY) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Raydium (RAY) in 2024.
RAY/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Raydium (RAY) for 2024.
| Resistance Level 1 | $3.699 |
| Resistance Level 2 | $5.476 |
| Support Level 1 | $2.334 |
| Support Level 2 | $1.389 |
RAY Resistance & Support Levels
Raydium (RAY) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (RAY) are shown in the chart below.
RAY/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Raydium (RAY) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $2.151Price = $3.369 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 65.415 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Raydium (RAY) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Raydium (RAY) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
RAY/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Raydium (RAY).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 70.692 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 69.11 <50 = Low >50 = High | High volatility |
Comparison of RAY with BTC, ETH
Let us now compare the price movements of Raydium (RAY) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs RAY Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of RAY is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RAY also increases or decreases respectively.
Raydium (RAY) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Raydium (RAY) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Raydium (RAY) Price Prediction 2025 | $12 | $0.09 |
| Raydium (RAY) Price Prediction 2026 | $14 | $0.08 |
| Raydium (RAY) Price Prediction 2027 | $16 | $0.07 |
| Raydium (RAY) Price Prediction 2028 | $18 | $0.06 |
| Raydium (RAY) Price Prediction 2029 | $20 | $0.05 |
| Raydium (RAY) Price Prediction 2030 | $22 | $0.04 |
Conclusion
If Raydium (RAY) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Raydium (RAY) price prediction for 2024 is $5.476. Comparatively, if unfavorable sentiment is triggered, the bearish Raydium (RAY) price prediction for 2024 is $0.1187.
If the market momentum and investors’ sentiment positively elevate, then Raydium (RAY) might hit $10. Furthermore, with future upgrades and advancements in the Raydium ecosystem, RAY might surpass its current all-time high (ATH) of $16.93 and mark its new ATH.
FAQ
1. What is Raydium (RAY)?
Raydium (RAY) is a decentralized exchange (DEX) and automated market maker (AMM) built on the Solana blockchain.
2. Where can you buy Raydium (RAY)?
Traders can trade Raydium (RAY) on the following cryptocurrency exchanges such as Binance, Coinbase, KuCoin, Gate.io, Kraken, OKX, Bybit, and Huobi
3. Will Raydium (RAY) record a new ATH soon?
With the ongoing developments and upgrades within the Raydium platform, Raydium (RAY) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Raydium (RAY)?
Raydium (RAY) hit its current all-time high (ATH) of $16.93 on September 13, 2021.
5. What is the lowest price of Raydium (RAY)?
According to CoinMarketCap, RAY hit its all-time low (ATL) of $0.1343 on December 30, 2022.
6. Will Raydium (RAY) hit $10?
If Raydium (RAY) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon.
7. What will be the Raydium (RAY) price by 2025?
Raydium (RAY) price might reach $12 by 2025.
8. What will be the Raydium (RAY) price by 2026?
Raydium (RAY) price might reach $14 by 2026.
9. What will be the Raydium (RAY) price by 2027?
Raydium (RAY) price might reach $16 by 2027.
10. What will be the Raydium (RAY) price by 2028?
Raydium (RAY) price might reach $18 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.