$RAY surged over 28% this week after being listed on South Korea's top exchange, Upbit, with KRW and USDT pairs. The move opened the gates to Korean retail capital - a market known for moving fast and hitting hard. Within hours, trading volume spiked, and sentiment flipped bullish across the board.

🔉But this isn't just noise! Raydium is one of the key DeFi protocols on Solana - a hybrid AMM and on-chain order book integrated with Serum. It enables deep liquidity, lightning-fast swaps, and cheap transactions. 12% of all protocol fees go to buying back $RAY, consistently reducing supply over time.

Technically, Raydium held its accumulation zone around $1.30-$1.80 and is now climbing back above $2 🧗 The price is pushing against a major downtrend line that dates back to 2021. A clean break above $3.8-$4.0 could trigger a real mid-cap breakout - one that's been building for months.

If Solana DeFi keeps gaining traction - boosted by potential ETF speculation and ecosystem-wide momentum - Raydium could be leading the next wave 🔥

🧿 The question now: does it flip the trendline and fly, or pull back for one last shakeout? Either way, $RAY just became one to watch.
#Ray #solana