Raydium Price Eyes $6.50 After Holding Key $2.70 Support Level

Raydium price holds near $2.964 with $2.700 acting as key support for the ascending trendline.

A breakout above $ 4,000 may trigger a strong move, with Fibonacci targets pointing toward the $6.50 levels.

Current projections suggest over 119% upside from current values if the token sustains its bullish structure.

Raydium is trading near $2.964, down 3.24% from the previous session. Price action remains within an ascending triangle, supported by higher lows that extend from April. The accumulation zone has capped gains near $4.000, marking a ceiling that has held for several months. This barrier has become a key resistance, separating the current consolidation from the projected breakout target

Support aligns near the $2.700 zone, as identified in the Fibonacci retracement framework. The 0.618 retracement level reflects a critical demand area where buyers have consistently regained control.

Chart models suggest that Raydium’s trajectory remains intact, as long as it maintains strength above the $2.700 support line. Sustained closes below this level could threaten the ascending structure.

Technical Path to Breakout

The technical projection highlights a potential upward move once Raydium clears the resistance at $ 4,000. From that breakout point, the chart outlines a structured rise toward $6.50.

Fibonacci extensions identify $5.000 as an intermediate checkpoint before the token challenges the $6.50 target. The 1.272 extension near $5.800 further aligns with the expected trajectory, adding weight to bullish forecasts.

The chart illustrates dotted projections showing possible fluctuations within the ascending path. These swings highlight interim corrections and consolidations before further attempts at upside. Such behavior mirrors earlier cycles where retracements provided opportunities for accumulation before extended rallies.

Market watchers note that Raydium’s consolidation reflects broader sentiment across digital assets. Similar formations have preceded breakouts in other tokens, suggesting that structural strength remains intact within this trend.

Momentum will hinge on price performance against resistance. Clearing $4.000 with sustained volume would serve as confirmation that the next cycle is underway.

Broader Market Implications

Raydium’s outlook raises one pivotal question: can the token sustain momentum to achieve a breakout to $6.50 before year-end? The consolidation phase has drawn attention across social media, with traders monitoring accumulation patterns as signals for timing potential entries. The Fibonacci alignment provides additional confidence in the technical setup, reinforcing the focus on projected targets.

At current levels near $2.964, the projected upside represents potential gains of over 119%. This scale of movement underlines the importance of the $4.000 breakout point. Liquidity levels also play a critical role. The chart indicates that daily trading ranges have narrowed, a sign often preceding strong directional moves. This tightening price action usually supports breakout scenarios.

Market participants continue to draw parallels between Raydium’s structural similarities and previous cycles in altcoins. These cycles often began with extended periods of consolidation, followed by decisive surges as resistance barriers were broken.

If realized, the target of $6.50 would mark Raydium’s strongest performance in months, repositioning the token within higher valuation zones. The projected path includes interim hurdles, but the overall framework remains tilted toward upside potential.