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The Raydium price soared 17% in the last 24 hours to trade at $2.43 as of 9:40 p.m. EST as investors rush to buy the altcoin.
The surge in the RAY price comes after crypto exchange Upbit announced it is listing the token on its platform with KRW and USDT pairs.
Raydium(RAY) KRW, USDT Market Support
✅ Supported Market : KRW, USDT Market
📅 Trading opens at: 2025-06-19 12:00 KST estimated🔗 Discover more:https://t.co/jXeEDyP9zl#Upbit #RAY@RaydiumProtocol pic.twitter.com/4dAEIJojS9
— Upbit Korea (@Official_Upbit) June 19, 2025
Raydium Price Trying To Establish A Position Above A Major Resistance
4-hour chart for RAY/USD (Source: GeckoTerminal)
The Raydium price is trying to close a 4-hour candle above the resistance level at $2.3580 following the recent surge, data from GeckoTerminal shows. Should the altcoin succeed in establishing a position above this barrier within the next few hours, it could have a solid foundation to extend its rally and rise towards the next major resistance at $2.5612.
However, a drop back below the $2.3580 mark could lead to a test of the recently-breached $2.1493 mark. In an extreme case, the Raydium price could even slip to as low as $1.9942 in the short term.
Bulls Might Look To Drive The Raydium Price Higher Despite Overextended Conditions
Technical indicators on the 4-hour chart suggest the Raydium price could keep climbing in the next 24-48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are still flashing bullish.
The MACD line recently crossed above the MACD Signal line in the last few hours. This specific technical event is often regarded as an indication that a crypto has entered a positive trend. Given it came after the Raydium price surged, it could signal a continuation of the current bullish move.
Backing the bullish outlook presented by the MACD is the increase in buying power suggested by the RSI over the last 24 hours. During this period, the indicator’s values soared from around 40 to the high 60s.
Traders will just want to keep an eye on the RSI, because high readings for the indicator are usually a warning that a crypto has entered overbought territory. This could lead to a temporary pullback before any second leg up. However, there have been instances in the past where the RSI has remained high for sustained periods of time, usually when a crypto is pumping.
As the Raydium price tries to keep its rally going, investors are also rushing to buy the presale for Solaxy (SOLX) before it ends in 4 days. According to influential YouTube channel 99Bitcoins, which has over 723K subscribers, SOLX has the potential to soar 100X after its official launch.
Solana To Get A Major Technical Upgrade Soon
Solaxy is the first layer-2 solution for the booming SOL ecosystem. Its timing could not be more ideal, as the Solana network battles with high levels of congestion due to the frenzy that erupted around SOL meme coins in recent weeks. This has led to some users reporting slow processing times and sometimes even failed transactions.
Solaxy addresses the Solana network’s congestion by shifting transaction processing work off of the mainnet. The project will bundle transactions on its native sidechain, and only call on the Solana layer-1 for final validation. This is a much more efficient way to record transactions compared to the legacy one-by-one method.
Not only will Solaxy scale Solana, it will also open up the blockchain to the Ethereum ecosystem through bridging technology. This will enable Web3 developers to simultaneously tap into the strengths of both chains and build the next big innovation in the digital asset space without having to worry about the technical restrictions that limited them in the past.
The team has been hard at work developing their solution even with the SOLX token still in the presale stage. So far, the team have deployed their testnet, the testnet’s block explorer, the Solaxy bridge, and a native token launchpad called the Igniter Protocol. This development will continue post-presale as well, as shown in the project’s recently-released roadmap.
Investors Have Final Opportunity To Buy SOLX Before Exchange Listings
Solaxy has put on one of the strongest presale showings of the year, and has raised over $54.4 million so far. Given the strong demand for the project, the team decided to give investors one last chance to buy before the token’s listings on major exchanges. With just over 4 days left, the window of opportunity is closing quickly.
Anyone that wants to buy SOLX can do so via the simple widget embedded on the project’s website. Selling for $0.001766, the crypto can be purchased with either crypto or bank card. Once bought, the tokens can also be staked for a 78% APY.
Interested investors will want to hurry before this last opportunity ends in around 4 days.
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