Raydium Price Prediction: Jumped 50% After Listing on Upbit, What’s Next for RAY?
Jakarta, Pintu News – On June 19, 2025, Korean exchange Upbit added RAY tokens to its KRW and USDT trading pairs, triggering a price surge of nearly 50%.
The price increase triggered by the news managed to stop the 35-day downtrend of Raydium , although it was not able to break the resistance level.
As of June 19, RAY is trying to break through the diagonal and horizontal resistance lines towards its price target of $3. Let’s analyze the chart to see if this is possible.
Raydium Price Prediction: RAY Price Strengthens
Reporting from CCN (19/6), analysis on the daily time frame shows that the price of RAY has been moving down following the downward resistance trend line since May 14.
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During the decline, the price also briefly broke below the horizontal area at $2,250, which previously served as a support level.
RAY’s price surge as of June 19, triggered by the listing on Upbit, briefly pushed the price through diagonal and horizontal resistance.
However, this rise was unable to be sustained, as evidenced by the formation of a long upper wick (red icon). Although this bounce is a positive signal, its failure to hold indicates a bearish signal.
Even so, the overall price movement still shows a bullish trend. RAY formed a double bottom pattern supported by bullish divergence on the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators (orange color).
As such, analysis on the daily time frame gives a bullish projection for RAY, indicating that the price is likely to break through this resistance level in the near future.
Raydium Price Prediction: What’s Next for RAY?
Although the current price movement shows a bullish tendency, itswave pattern(wave count) indicates that RAY’s rise is corrective in nature.
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This is because the price drop after May 15 formed a five-wave down pattern (red color), which is likely wave A in the A-B-C correction pattern (black color).
If this calculation is correct, then RAY is expected to complete wave B within the 0.5-0.618 Fibonacci retracement resistance area, which is between $2.90 and $3.12.
After that, there will most likely be another downward movement as part of wave C.
Furthermore, although the price of RAY spiked after listing on Upbit, the increase was not sustained. Thewave count suggests that this spike was corrective in nature, but the price still has the potential to rise towards the $2.90 – $3.10 range before declining again.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- CCN. Raydium (RAY) Price Skyrockets 45% Following Major Listing on Upbit. Accessed on June 20, 2025
