2025-4-17 17:00 |
Raydium (RAY) is starting to catch a lot of eyes lately, and for good reason. Its price has been climbing, and the launch of its new platform, LaunchLabs, is turning heads across the crypto space. With strong price action and new product momentum, many traders are beginning to wonder: is RAY price setting up for a real comeback this quarter?
Prominent analyst Crypto Kindie pointed out something big on the chart, a double bottom formation. This kind of setup usually hints at a trend reversal, and in RAY’s case, it formed around the $1.60 level in mid-March and early April. The breakout above the $2.00 resistance zone confirms that pattern. That same $2 level is now in focus again, this time as a potential support if the price pulls back. At writing, RAY price trades at $2.30.
There’s also strength showing in the indicators. RAY has moved above its 50-day moving average, which hadn’t been broken in weeks. Looking ahead, the next challenge sits in the $3.80 to $4.00 zone. That’s where the 200-day moving average lines up with a former support area that could now act as resistance. Whether or not Raydium price can push through that level will likely decide how far this rally can go.
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Image Source: X/CryptoKindie Gap to $4: Traders Monitor Raydium Key Resistance LevelsThe breakout past $2.00 has opened up a wide range for price movement, with the chart showing a gap to be filled toward the $4.00 mark. Short-term resistance is noted around $2.70–$2.80. If RAY price manages to hold above $2.00 on a backtest, traders will look for continued momentum toward that upper range.
This region is being viewed as a difficult zone due to the previous breakdown and the technical presence of the 200-day moving average. A push through this level could signal that RAY is no longer in a recovery phase but entering a new trend cycle.
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LaunchLabs Announcement Draws Community InterestAnother factor driving attention toward Raydium is the launch of LaunchLabs, a community-first launchpad. According to crypto expert Momin, this product is being positioned as a competitor to Pumpfun. The first listed token, $TIME, has already reached a market cap above $4 million.
Raydium launches LaunchLabs, a competitor to Pumpfun!
A community-first launchpad with some quality features!
Sent $RAY 15% on the day & 50%+ on weekly!$TIME, the first token already at $4m+ mc!
While Solana DEX volume is still doing $2b+ per day, do we think Raydium… pic.twitter.com/2t7bEqQf1D
The announcement pushed RAY’s price 15% higher on the day and over 50% across the week. The growing ecosystem, paired with Solana’s continued $2 billion+ daily DEX volume, is prompting questions about Raydium’s ability to capture more market share in the coming weeks.
Raydium Market Structure and Sentiment ShiftRaydium’s prior downtrend, marked by lower highs and lower lows, appears to have ended with this latest chart development. The current structure features higher lows and a breakout above past resistance, suggesting a reversal in trend.
With the LaunchLabs news adding to trader interest and strong technicals visible on the chart, Raydium price is now at a key phase. While $4.00 remains a major resistance level, the altcoin has shown renewed strength that market participants will monitor closely throughout Q2.
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