Raydium (RAY) To Soar Higher? Key Harmonic Pattern Signals Potential Upside Move

Date: Sat, July 05, 2025 | 04:20 PM GMT The cryptocurrency market is picking up momentum again after the recent correction, with Ethereum (ETH) climbing over 3% today. This positive shift in sentiment is spilling into major altcoins — and Raydium (RAY) is flashing technical signals of a potential breakout. Currently, $RAY is up modestly, but its price action and emerging harmonic pattern suggest that a much larger move could be in play.

Source: Coinmarketcap Harmonic Pattern Hints at Bullish Continuation On the daily timeframe, RAY is forming a Bearish ABCD harmonic pattern — a setup that, despite its name, carries a strong bullish CD leg before the pattern completes and a reversal risk emerges. The pattern began at Point A near $0.84, rose to Point B, pulled back to Point C around $1.73, and is now advancing strongly toward Point D, the final leg of the pattern. As highlighted in the chart, RAY is midway through its CD leg, historically the most powerful part of the move in harmonic setups. Adding to the bullish case, RAY is testing a critical resistance zone at the 200-day moving average near $3.20.

Raydium (RAY) Daily Chart/Coinsprobe (Source: Tradingview) A decisive breakout above this level would likely confirm momentum and could accelerate the push toward the completion of the harmonic target. What’s Next for RAY? If RAY sustains its momentum and clears the 200-day MA, the next major upside target sits near the Potential Reversal Zone (PRZ), marked by the 1.16 Fibonacci extension of the BC leg. This projection points toward $4.20, which represents roughly 32% upside from the current price. Traders, however, should monitor closely as the PRZ can also act as a zone of exhaustion, where profit-taking often emerges. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in cryptocurrencies.