{"id":625761,"date":"2025-02-11T12:47:33","date_gmt":"2025-02-11T12:47:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=625761"},"modified":"2025-02-11T12:48:45","modified_gmt":"2025-02-11T12:48:45","slug":"is-it-too-late-to-buy-ray-raydium-price-is-the-biggest-gainer-on-coinmarketcap-with-17-surge-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-ray-raydium-price-is-the-biggest-gainer-on-coinmarketcap-with-17-surge-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy RAY? Raydium Price Is The Biggest Gainer On CoinMarketCap With 17% Surge, And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The Raydium price surged 17% in the last 24 hours to trade at $5.65 as of 02:56 a.m. EST on trading volume that jumped 26% to $166 million.<\/span><\/p>\n

The strong performance by the RAY price has made the altcoin the biggest 24-hour gainer in the crypto market on <\/span>CoinMarketCap<\/span><\/a>.<\/span><\/p>\n

Raydium Price Gearing Up For A Sustained Rally<\/h2>\n

The <\/span>RAY price<\/span> is currently displaying<\/a> a bullish Elliott Wave structure, with the chart suggesting that the asset is in the process of forming Wave 5 of an impulse wave sequence.<\/span><\/p>\n

According to data from <\/span>GeckoTerminal<\/span><\/a>, Wave 4’s correction aligns well with Fibonacci retracement principles, as the price found support at a previous accumulation zone before rebounding.<\/span><\/p>\n

The Raydium price is slightly below the 50-day Simple Moving Average (SMA), meaning breaking above it could signal further bullish momentum. Meanwhile, the price of RAY remains well above the 200-day SMA at $3.6998, reinforcing the overall bullish trend.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 47.54, which is in a neutral zone. This indicates that the asset is neither overbought nor oversold, leaving room for further upward movement before reaching an overbought level (above 70).<\/span><\/p>\n

\"Raydium
RAY\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

RAY Price Prediction<\/h2>\n

Given the current market structure, RAY appears to be in the early stages of its fifth wave, which could push the price significantly higher. <\/span><\/p>\n

If the Elliott Wave structure holds, the first target will be $7.00, which is a retest of the previous resistance from Wave 3. If the price of Raydium sustains the trend, the second target will be around $9.00-$10.00, which is a full extension of Wave 5, aligning with previous highs.<\/span><\/p>\n

However, if the price of RAY fails to break above the $5.84 resistance (50-day SMA), there could be another retest of the $4.50 support zone before further upside.<\/span><\/p>\n

In the meantime, investors are flocking to the presale for <\/span>Best Wallet (BEST)<\/span><\/a>, which, according to ClayBro, a popular YouTuber with over 136K subscribers, is one of the best wallets of 2025.<\/span><\/p>\n