Raydium’s price rebounded more than 10% following a recent dip, pushing its market cap towards 2 billion USD. The protocol reported 42 million USD in revenue over the past week, demonstrating robust performance against competitors like Uniswap and Ethereum.
If RAY maintains its current momentum, it may target 8.7 USD in the near future. However, should support falter, a decline to 5.36 USD could occur. Technical indicators suggest potential for continued upward movement with resistance levels identified.
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