Raydium Climbs to $3.59, Testing $3.64 Resistance With Support Holding Near $3

Raydium trades at $3.59 after an 18.0% daily gain, with resistance at $3.64 and support at $3.04.

Price recently climbed from below $2.80 in July, forming consistent higher lows.

Volume increased alongside the latest move, showing active participation near key resistance.

Raydium’s price has approached a critical horizontal resistance zone following strong gains over the past 24 hours. At the time of writing, RAY traded at $3.59, up 18.0% within the day. The asset has moved from a daily low of $3.04 to a high of $3.64, marking the top of its current 24-hour range. The $3.64 level now stands as the nearest resistance, while $3.04 serves as immediate support. The latest surge also reflects a 16.0% gain against Bitcoin, with the pair trading at 0.00002978 BTC.

Break Above Support Base Fuels Upward Move

The price recovery began after RAY maintained stability above the $3.04 support zone. This area has repeatedly provided a foundation for upward price reactions in recent sessions. Once momentum increased, buyers pushed the market toward the upper range, testing resistance near $3.64

The daily chart shows that price has approached a long-observed horizontal level that has acted as a pivot in prior cycles. Sustained pressure at this area will determine whether RAY can extend its upward range in the coming sessions.

Current Market Range and Historical Context

Historical trading activity highlights $3.64 as a notable level from which price has reversed on multiple occasions. Above this point, the chart reveals a wide gap to the next key zone around $4.50. In past market moves, the space between these levels saw rapid price movement with minimal consolidation

However, the market has so far remained inside its current 24-hour range, awaiting a decisive break. The $3.04 support remains essential in preventing a return to lower consolidation zones.

Technical Implications of Horizontal Resistance Test

From a structural perspective, RAY’s approach to the $3.64 resistance occurs after a steady climb from sub-$2.80 levels in July. The move has been supported by consistent higher lows, showing progressive recovery from prior declines

Volume during the recent advance has increased in tandem with price movement, underscoring active participation in the current test. Should price maintain strength above $3.04 while challenging $3.64, the next resistance levels on the chart come into focus. Until then, the $3.64 zone remains a decisive point for short-term price direction.