- Raydium (RAY) TD Sequential indicator signals a potential bullish reversal on higher timeframes.
- The asset is consolidating near $1.80, with key resistance between $2.00 and $2.30.
- Raydium’s Q3 results revealed strong fundamentals and ecosystem growth.
Raydium (RAY) hovers at $1.78, and is up 2.5% weekly. This hints at brewing momentum as traders eye the $2 breakout zone—could RAY be gearing up for a fiery bullish reversal?
Technical Structure and Resistance Levels
Raydium appears to be forming a base following weeks of selling pressure. The TD Sequential indicator has printed a possible buy signal, suggesting the early stages of a reversal pattern. The 4-day chart shows that after a steep fall from above $3.00 in late September to near $1.50 in early October, the token entered a consolidation phase around $1.80.
Smaller-bodied candles and reduced volatility have replaced the earlier bearish candles. Selling momentum is waning and market observers have noted that a confirmed close above $2.00 could provide a bullish confirmation. Lack of trading volume and momentum is keeping traders cautious.
Support is strong at $1.70 and a drop below could reopen the path toward $1.40,but sustained movement above $2.00 could see the token recover to new highs resistance is between $2.10 and $2.30.
Market Outlook and Short-Term Momentum
Concurrently, analyst Ali Martinez noted that the TD Sequential on Raydium’s higher timeframes has signalled a potential rebound , with the asset stabilised near $1.78.
A push above $1.90–$2.00 could revive bullish sentiment, but slipping below support might lead to another drop. For now, the market stays neutral, waiting for a clear rise in volume to decide where RAY heads next.
Raydium’s Fundamental Performance and Ecosystem Growth
Raydium’s financials show strong growth in the third quarter. The decentralized exchange brought in $24.3 million in revenue, up 69% from the previous quarter highlighting the platform’s solid performance and efficiency.
The platform also executed $11.8 million worth of RAY buybacks using 33,000 SOL and processed $51.9 billion in trading volume, capturing a 15.9% market share. Total value locked reached $2.5 billion, while liquidity providers received $87 million in rewards.
With over $1.16 trillion in lifetime trading volume and sustained leadership among Solana-based DEXs, Raydium continues to show operational strength. As Solana’s ecosystem grows, Raydium’s long-term trajectory will depend on sustained volume growth and technical confirmation above key resistance levels.
