🚨 RAYDIUM SITUATION $RAY 🚨
✅️It’s not just Solana that is experiencing a bullish phase in August, but its entire ecosystem. Raydium (RAY), for example, closed last week with a +33% increase and is currently priced at 3.294 USDT.
✅️In August, the token has recorded a +19.50% increase, following the +29.30% in July.
▶️Raydium is a DeFi protocol operating on the Solana blockchain that combines an automated market maker (AMM) with a decentralized order book. It integrates liquidity with Serum, enabling fast and low-cost trades. Thanks to this structure, Raydium's pools support both its own DEX and the entire Serum ecosystem.
▶️Raydium, a token launched in the spring of 2021, highlights a bullish phase that began in the autumn of 2024, culminating in January 2025 with the period high of 8.697 USDT.
▶️From this peak, a bearish phase began, leading to a low of 1.306 USDT recorded in April. From there, a rebound phase started, accompanied by a series of swings.
▶️Currently, the price is at the highs already recorded last May, at the resistance area of 3.420 USDT. It is now necessary for Raydium to achieve a breakout of this static resistance in order to aim for the resistance in the area of 4.15 USDT, and subsequently to the next level in the area of 5.00 USDT.
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