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.