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Raydium Hits $5 Resistance as Price Surges: Can Bulls Hold Against Bears?

  • Raydium cryptocurrency is testing a crucial resistance level between $4.20 to $5.00 which will determine its future price direction.
  • A breakout above $5 could lead to significant gains, while rejection may trigger a correction in the Raydium market.
  • Raydium's current market performance shows a 18.58% increase in the past 24 hours, with the token trading at $3.69 and a market cap of $1.07 billion.
  • Two scenarios are in play: a bullish one where a breach of $5 could lead to a substantial upside, and a bearish one where rejection at $4.20 to $5.00 might result in a more prolonged correction.

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