Raydium registers upward price move as buyer support underpins bullish setup

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Raydium jumps 7.7% as token gains

Highlights

Tokenized stocks contributed 39% of Raydium's swap revenue in October, becoming its largest fee earner over memecoins.
This shift indicates Raydium's transaction base is broadening and its revenue is diversifying away from speculative activity.
RAY/USD trades with strong buyer momentum and a bullish tone, with price expected to consolidate between $1.736 and $1.9236 in the next 2 to 3 days.

Tokenized stock revenue surge drives shift in Raydium’s trading base

Raydium has experienced a notable rebound as revenue from tokenized stocks surged to comprise 39% of its swap revenue in October, overtaking memecoins as the largest revenue source, according to Cryptonews. This shift indicates a broadening of Raydium’s transaction base and diversification away from speculative trading, creating a more stable demand environment for its token. The increased prominence of tokenized stocks as a driver of fee income supports renewed buying interest and momentum for RAY.

Buyer momentum persists as overbought signals hint at retracement risk

On the H1 chart, RAY is trading above its MA-20 and MA-50, and remains well above the MA-200, with the Ichimoku Kijun providing immediate support at $1.7112. MACD, ADX, and Awesome Oscillator are all aligned with ongoing buyer momentum, while the Bull/Bear Power indicator remains positive. RSI is currently in the neutral zone, but both Stochastic RSI and CCI are positioned in overbought territory, highlighting the potential for short-term retracement despite underlying bullish momentum.

Upside favored as price consolidates within defined volatility band

Over the next two to three trading days, RAY is expected to consolidate within a volatility band of $1.736 to $1.9236. The probability of further upside is estimated at 79%, while downside moves have a 21% likelihood. Upside scenarios may be triggered by a break above resistance, while a dip below the Ichimoku Kijun at $1.7112 would shift the short-term outlook toward initial support retests.

Anton Kharitonov, expert at Traders Union, sees Raydium’s recent price rebound as grounded in a meaningful shift in revenue mix, with tokenized stocks overtaking memecoins as a core driver. He notes the technical setup remains bullish above key support, but momentum indicators flag risks of a pullback. The analyst is cautious due to potential retracement and elevated volatility in the current band. "Until there is confirmation above $1.9236, I remain defensive despite improving fundamentals."

Earlier, analysts noted that Raydium was demonstrating sustained technical strength against short- and medium-term trend indicators. The latest rotation in revenue drivers and continued momentum now reinforce the bullish primary scenario, with traders advised to monitor how fee diversification impacts support stability in the $1.7112–$1.736 range.

Source of Data: RAY Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.