Raydium price (RAY) is back in the spotlight after a fresh rally pushed it up 11.5% in 24 hours, hitting $3.82 with intraday peaks near $3.99. Trading volumes surged to $303 million, a 252% increase from the previous day, pushing Raydium coin into the crypto top gainers on CoinMarketCap.
Traders on X/Twitter are hinting at bullish technical breakouts, with some analysts projecting a move toward $5 if momentum holds, which is only another 30.8% from current levels.
Raydium coin ranks 2nd highest gainer | CoinMarketCap
Why Raydium Coin Is Going Up Today
The primary driver behind RAY’s strength is its $200 million buyback program, which, since July 2025, has retired approximately 3.45 million RAY tokens, roughly 9.5% of the 30-day average exchange volume.
Funded by 12% of the protocol fees, the program generates consistent demand, resulting in a yield of ~6% annualized at current prices.
With just 268 million Raydium tokens circulating out of a maximum supply of 555 million, this strategy is applying steady deflationary pressure, similar to what we recently saw with OKX’s OKB and Story Protocol.
Meanwhile, Raydium has tightened its grip on Solana’s DeFi leadership. The network processed $111.5 billion in DEX volume over a 30-day period, with Raydium capturing 45% of the swaps.
Its rollout of tokenized equities, including $TSLAx, $MSTRx, and $SPYx pools, is further diversifying revenue streams. In the past 24 hours alone, Tesla- and MicroStrategy-linked assets processed more than $1M in swaps, all flowing through Raydium.
Institutional signals also support the rally. According to Messari data, Raydium’s TVL climbed 54.7% QoQ in Q2 to $1.8B, marking an 85.9% YoY increase.
Protocol fees exceeded $1.8 billion over the past year, positioning Raydium as the most profitable DEX, ahead of prominent competitors such as Uniswap, Pump.fun, and PancakeSwap, with a 35.2% market share.
Raydium Price Analysis: Analysts Target $5
Raydium coin’s breakout has given bulls a clear runway. The token pierced a multi-week consolidation, breaking out of a triangle pattern that had capped price action for much of August.
Raydium’s technical setup looks positive. The 50-day moving average at $3.43 serves as short-term support, while the 200-day moving average at $3.18 offers stronger support below.
Raydium price today | Santiment
The RSI is at 57.9, indicating neutral conditions with potential for growth. Additionally, the MACD has just shown a bullish crossover, which supports the shift in momentum toward buyers.
Analyst Ali Charts reinforced this view, highlighting RAY’s triangle breakout with a measured move target of $4.00–$4.20, which is just roughly 4.7% from the current level. His chart notes that reclaiming the $3.60 base confirmed trend continuation.
Similarly, World of Charts projected further gains after the Raydium price cleared horizontal resistance, suggesting a bullish pennant formation with scope to reach $5.00.
Still, the market remains two-sided. A slip below $3.40 could invalidate the bullish setup and drag Raydium crypto toward $3.00.
