Raydium Price Rallies 10% Amid ‘LaunchLab ‘Launch – Bulls Target $4 Mark

Highlights:

• Raydium price rallies 10% to the $1.84 mark as trading volume spikes 279%.
• Raydium is set to launch a Pump.fun competitor called Launchlab.
• Technical Indicators signal intense bullish sentiment. Can RAY reach $4?

The Raydium price has soared bullishly, boasting a 10% increase to the $1.84 mark, as the daily trading volume surged 279% to $235.89M. The rise in trading volume suggests intense market activity, thus increasing investor confidence. RAY is now up 17% weekly, despite a 61% monthly fall. 

The recent spike comes from Raydium establishing an initial launchpad platform based directly on the design of the pump.fun within its Solana NFT marketplace. Just one month after pump.fun announced its plans to build a separate AMM against Raydium, the Solana DEX released its LaunchLab to the market.

LaunchLab provides users with different bonding curves that connect demand and price data for new tokens. Through the new platform, users can establish their fees as part of their third-party user interface system.

🚨 Raydium To Launch Pump Fun Competitor Called LaunchLab

– Raydium’s token, $RAY, surged approximately 30% following this exciting announcement, and it’s easy to see why this could be a game-changer for the project.

– Just last month, Raydium took a hit when Pump Fun revealed… pic.twitter.com/Ro8sreVEsF

— Chronos (@Chronosweb3) March 19, 2025

The Raydium trading pool accepts liquidity from Pump.fun tokens once their market cap exceeds $69,000, and these tokens are permanently eliminated. According to Blockworks Research analysis, Raydium earned 41% of its swap fees from Pump.fun meme coins during the previous 30-day period. The native token of Raydium suffered a 25% decline in February because investors predicted reduced revenue from Raydium once Pump.fun shifts its tokens into an in-house Automated Market Maker platform. 

Raydium Price Outlook

The Raydium price 4-hour chart shows a significant bullish breakout from its previous downward trend, with the price currently trading at $1.842, reflecting a +10% gain. The bulls have established strong support at the 50-day MA, enabling the bulls to step up for a rally. However, the 200-day MA 2.816 acts as the immediate resistance mark, which the bulls need to breach for a potential upside. 

Additionally, the price has broken through the mid-range of the descending channel, indicating growing bullish strength. The recent surge in trading volume ($235.31M) further supports the likelihood of continued upward momentum, as strong buying interest drives the price higher.

How High Can RAY Go?

The Raydium price may spike to the upside if the buyers increase the pressure. However, if the bullish momentum continues, RAY could push toward the $2.816 resistance level, marking and validating the bullish trend. Breaking and closing above this level would confirm a trend reversal, potentially opening the door for further gains toward $3.325, $4.275, and $4.869. 

Meanwhile, if the price keeps struggling below the $2.186 mark, a pullback to the moving average around $1.163 could occur, offering a possible retest of the breakout level before resuming an upward move. Traders should closely watch whether RAY can sustain gains above $2.186, as this psychological level may be critical in determining future price action.

A closer look at the Relative Strength Index (RSI) shows increased selling pressure. It currently reads at 58.80, tilting the odds towards the buyers. If the selling pressure bolsters, the Raydium price could obliterate the $2.186 resistance key, reclaiming the $4 mark in the coming days.