RAY Price Set to Rocket 30% to $4.20: Raydium's Buybacks Fueling the Surge!

RAY Soars 10% in 24 Hours, Bullish Trend Unstoppable

Hang onto your hats, crypto fans! Raydium's RAY token is on fire, blasting up 10% in just the last day, now hovering around $3.30. After a wild 60% ride from $2.40 to $3.86, it's consolidating like a champ. We're seeing nothing but green with five straight higher highs and higher lows. Plus, RAY's strutting above both the 20 EMA and 50 SMA, and they've been flashing bullish signals since mid-April. This thing's unstoppable!

Raydium's Token Buybacks: The Secret Sauce Behind the Rally

What's driving this beast? Raydium's token buyback program, that's what! They're throwing 12% of their trading fees right back into snagging more RAY tokens. Sure, the buybacks have chilled a bit since mid-March, but they've been cruising along with some sweet spikes here and there.

Breakout Incoming: RAY Eyes $4.20, Then $5.70

Get ready for liftoff! RAY's got its sights set on $3.50, and if it smashes through that, watch out! The next stop is $4.20—a level that used to be a rock-solid support before that nasty sell-off in late February. We're talking a nearly 30% jump from where we're at now. And if it keeps going? The next big challenge is $5.70, where RAY got turned away before and after that insane January rally that topped out at $8.60. The RSI's at 58, so there's plenty of gas left in the tank once it breaks out of this holding pattern.

Bullish Outlook Intact, But Watch the $2.20 Support

Don't get too comfy, though. If RAY tumbles below $2.20, we might see it crash down to $1.50. But come on, with the 20 and 50 EMAs still giving us those sweet bullish crossovers and two months of solid higher highs and lows, this trend's as strong as ever. Buckle up, folks—this ride's just getting started!