Raydium Breakout: RAY Dey Surge 11% Toward $4.20 Target
Raydium (RAY) don finish one classic cup-and-handle breakout, e spark 11% rally make e dey trade round $3.39. The breakout dey project 24% upside dey go $4.20 mark. Open Interest jump 17.84% reach $31.86 million, e mean say trading with leverage don increase plus speculation confidence strong as traders dey bet say price go continue rise. Spot Taker CVD for 90 days dey confirm say strong organic buying dey, e support say this breakout rally fit last. One liquidation heatmap show say dense zones dey between $3.20 and $3.50, dem clear am now, e fit make short liquidations run one after another and make momentum strong—if price change direction, e fit cause day volatility. Key technical indicators with sentiment metrics dey support say price fit still rise for short term. Traders suppose dey watch Open Interest trend dem, spot taker activity dem, plus the liquidation clusters to sabi how strong Raydium breakout be and manage any risk as RAY dey eye $4.20 level.
Bullish
Raydium technical breakout from cup-and-handle pattern, supported by 11% price up and 17.84% rise for Open Interest, dey signal say bullish confidence strong like previous DeFi rallies like Uniswap after breakout. Spot taker CVD data and leverage metrics join well control false breakout chance reduce and e increase chance to hit target $4.20. Dense liquidation zones wey clear for $3.20 to $3.50 way pave way for cascading short squeezes, wey for history dey cause quick spikes for altcoin rallies. For short term, volatility fit spike around these price levels, e go give trading opportunities. For long term, sustained organic demand and good on-chain metrics fit support continuous appreciation, if market-wide sentiment still dey favorable.