Raydium (RAY) Price Prediction for August 11

RAY price today is trading at $3.3287 after a sharp rally from last week’s low near $2.56. The move has brought price to the upper boundary of a long-term descending triangle pattern visible on the daily chart, with immediate resistance between $3.40 and $3.58. The rally has also carried price above the 0.236 Fibonacci retracement on the weekly chart at $2.9244, shifting the higher timeframe bias in favor of buyers. The next 24 hours will hinge on whether bulls can sustain momentum through $3.40 and challenge the $3.858 Fibonacci 0.382 level.

What’s Happening With Raydium’s Price

On the daily timeframe, RAY has rebounded aggressively from the $2.56 low and is now testing the descending trendline that has capped rallies since April. The Chande Momentum Oscillator reads 58.50, confirming strong upward momentum. 

The weekly Fibonacci structure shows RAY above the 0.236 retracement at $2.9244, with the 0.382 retracement at $3.858 as the next major upside level. Clearing $3.858 would expose the 0.5 retracement at $4.6130. 

Why Is The Raydium Price Going Up Today

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