HomeNewsWill RAY’s Volume Spike Above $450M Trigger Fibonacci Extension to $3.10?

Will RAY’s Volume Spike Above $450M Trigger Fibonacci Extension to $3.10?

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  • RAY trading at $2.22 +7.74% daily bounce, despite ongoing downtrend of -4.16% weekly, -29.79% monthly, -54.54% YTD.
  • Raydium core DEX AMM on Solana interacts with Serum order book, boosting cross-protocol liquidity access and depth metrics.

Raydium (RAY) is currently trading at $2.22, posting a strong +7.74% daily gain after recent technical support held firm. Despite this bounce, the broader trend remains weak: RAY is down -4.16% this week, -29.79% over the past month, and has lost -54.54% year-to-date.

RAYUSDT_2025-06-19_11-41-09
Source: RAY/Tradingview

On a longer horizon, it has fallen -66.43% from its all-time high of $16.93, but still maintains a +50.34% gain over the last year, indicating that it has performed relatively well versus most DeFi tokens in the Solana ecosystem.

Raydium is a core decentralized exchange (DEX) and automated market maker (AMM) built on Solana, leveraging the speed and scalability of the network. Unlike typical AMMs, Raydium also interacts with Serum’s order book, allowing it to provide liquidity to the broader Solana DeFi ecosystem, not just within its own pools.

Recent updates include:

  • February 2025 listing on WOO X, expanding centralized exchange exposure.
  • Jito (JTO) and RAY were highlighted as drivers of Solana’s DeFi revival, with both tokens rallying earlier in Q1 2025, as noted in Coinpedia’s coverage of Solana ecosystem growth.
  • RAY was also listed on Bithumb and KuCoin in Q4 2024, significantly boosting accessibility in Asia.
  • ETHNews analysts flagged a breakout from key resistance in early 2025, triggering speculation of a new bullish phase — though this has since retraced heavily.

Technically, RAY is rebounding from a major support level near $2.00, after pulling back from its previous 2025 highs around $3.10.

RAYUSDT_2025-06-19_11-52-20
Source: RAY/Tradingview

It is now trying to regain structure above its 200-day EMA, and a sustained move above $2.40–$2.60 could signal the beginning of a mid-term bullish reversal. If it fails to hold current levels, $1.80 remains the key support to watch.

RAYUSDT_2025-06-19_11-42-27
Source: RAY/Tradingview

On-chain volume remains healthy, with 24-hour trading volume above $450 million, showing strong speculative interest. With a circulating supply of 267M tokens and a max cap of 555M, RAY is moderately inflationary but still within acceptable thresholds for a DEX utility token. Its current market cap is around $591M, with a fully diluted valuation of $1.23B.

RAY_7D_graph_coinmarketcap
Source: RAY/Coinmarkercap

Fundamentally, Raydium is considered one of the top Solana-native protocols, and its performance is tied closely to Solana’s overall DeFi health. As Solana continues to draw developers and capital, especially following its low-fee narrative and meme coin boom, Raydium is positioned to capture growing swap and LP volume. However, competition from Jupiter, Orca, and Phoenix remains strong.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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