Assessing Raydium’s latest breakout – Can RAY’s price find its way to 4 USD target?

Raydium broke out of a symmetrical triangle, surging by 9.69% to 3.63 USD, signaling a bullish trend reversal. The surge in Open Interest by 12.08% suggests strong speculative interest from traders.

To maintain this bullish momentum, Raydium must overcome the resistance at 3.80 USD. Observing key liquidity zones at 3.60 USD and 3.80 USD will help determine the next price movement.

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