Raydium price is starting to capture attention again after a detailed analysis by market expert Ali suggested that the token could be primed for a major move.
On his basis, the price could hit up to $6.50, but only if one key support level can hold. This is forecasted as the larger Solana ecosystem is enjoying its time in the spotlight with the newfound interest, with on-chain activity and liquidity having strong momentum.
What the RAY Chart Is Showing
The chart highlights $2.40 as the key support level to watch. Right now, Raydium is trading slightly above that line, which has acted as a foundation during previous pullbacks.
As long as RAY price manages to stay above $2.40, the setup suggests a possible push higher, with price targets extending first toward the $3.80–$4.20 zone, before potentially reaching $6.50.
What’s interesting about this chart is the ascending trendline that has been building since earlier this year. Each dip has been bought up quickly, signaling steady accumulation. If this trend continues, Raydium could break out from its consolidation range and enter a much larger bullish phase.
The overall structure suggests that buyers want assurance of a breakout past resistance, and if that is obtained, short sellers would get squeezed out quickly, further propelling the rally.
Raydium Price Short-Term Outlook
In the near term, eyes are on whether Raydium can hold defense of the $2.40 mark. If it does, then the groundwork would be laid for a steady climb to $3.80, and momentum from there could drive the token even higher.
But if $2.40 gives way, then the bearish setup will be shattered, and RAY price may fall into another correction before support is found again.
In the meantime, analysts like Ali believe that as long as the bulls hold on to their position, Raydium is set to double in price in a matter of weeks.