Date: Thu, July 24, 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.
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.
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.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
