<ul><li>Raydium has broken above the $2.85 level, indicating a bullish structure break and potential for further gains.</li><li>The approach towards the $4 resistance level might face setbacks due to bearish divergence and lack of strong capital inflow on the 4-hour chart.</li><li>Raydium has been on a steady uptrend over the past eight days, rallying 64.9% at press time after retesting the $2.2 support zone.</li><li>Speculative interest in Raydium has increased with Open Interest surging from $7.8 million to $11.26 million as it climbs past local resistances, indicating short-term bullish market expectations.</li></ul>

Raydium targets $4 breakout – Here’s why it could get delayed

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