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Raydium price forecast after the Upbit listing

  • Upbit has listed KRW and USDT trading pairs for Raydium (RAY) cryptocurrency.
  • The listing on Upbit caused a surge in interest, speculation, and price increase for RAY.
  • Key resistance levels for Raydium lie at $2.52–$3.12 for a potential breakout continuation.
  • The listing announcement sparked a significant price rally, with RAY climbing nearly 45% to $2.64.
  • While the initial breakout was short-lived, market interest remains strong post-listing.
  • Raydium's strong fundamentals, including TVL, revenue, and staking metrics, support its recent price momentum.
  • Trading volume surged by over 600%, reaching $401.19 million, indicating short-term strength.
  • Technical indicators show a mixed outlook, with support near $2 and potential resistance at $2.96 and $3.40.
  • A double-bottom pattern, RSI, and MACD signals suggest further gains, with caution near the $2.90–$3.12 range.

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