Jakarta, Pintu News – On June 19, 2025, South Korean cryptocurrency exchange Upbit announced the addition of RAY tokens to its trading pairs with KRW and USDT, which resulted in a remarkable price surge of nearly 50%. This uptick halted a 35-day downward trend for Raydium, although the price ultimately failed to surpass the established resistance level. As of June 19, RAY is attempting to break through both diagonal and horizontal resistance levels, eyeing a price target of $3. Analyzing the charts will provide insight into the feasibility of this goal.
### Raydium Price Forecast: RAY Gains Momentum
According to a report from CCN, an analysis of the daily chart indicates that RAY has been on a downward trajectory, adhering to a resistance trend line since May 14. During this decline, the token’s price briefly dipped below the horizontal support area of $2.250. The recent surge in RAY’s price, triggered by its listing on Upbit, managed to push it past both diagonal and horizontal resistance lines temporarily. However, this increase could not be maintained, as indicated by the formation of a long upper wick on the price chart. While this bounce is a somewhat encouraging sign, its inability to hold suggests a bearish outlook.
### Raydium Price Prediction: What Lies Ahead for RAY?
Despite the current bullish sentiment in RAY’s price movements, the wave pattern analysis implies that the recent increase may be corrective. Following the price drop after May 15, RAY formed a five-wave downward pattern, which could represent wave A in an A-B-C correction sequence. If this theory holds, RAY is anticipated to complete wave B within the Fibonacci retracement resistance zone of 0.5 to 0.618, which ranges between $2.90 and $3.12.
Following this potential upward movement, RAY may experience another decline as part of wave C. Furthermore, although the price spike after the Upbit listing was significant, it appears to be a corrective rise. Nonetheless, there remains potential for RAY to increase towards the $2.90 to $3.10 range before experiencing another drop.
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### Disclaimer
This content is intended to enhance readers’ understanding and is compiled from various credible sources without outside influence. Past performance of an asset does not guarantee future results. Cryptocurrency trading is inherently risky and volatile; therefore, individuals should conduct their own research and utilize disposable income when making investments. All transactions involving the purchase and sale of Bitcoin and other crypto assets are the sole responsibility of the reader.
