Raydium surged 26.16% over 24 hours, hitting a $1.85 swing high before retracing to around $1.77. This rally was fueled by Injective’s Solana expansion, with Raydium serving as a day-one liquidity partner, strengthening its fundamentals on a network that accounts for over 90% of memecoin DEX trading volume. Trading volume jumped 125.5% while the RSI hovered near 72.27 indicating overbought conditions, with Futures taker-sell dominance maintaining persistent selling pressure. The retreat below the key $1.80 level exposes RAY to correction risk toward the $1.64-$1.66 liquidity pool, provided the $1.2202 support holds.
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