Raydium accomplishes $200 million in native token buybacks, highlighting protocol financial maturity.

Analyst Ali believes that RAY is shaping up bullishly, and will be eyeing the break towards $6.50.

RSI and MACD verify increasing buyer momentum with RAY trading above major support levels.

Raydium (RAY) has successfully completed more than $200 million in RAY buybacks, which were entirely of protocol revenue. This is an indication of financial strength as technical indicators point to a potential rise towards $6.50.

A Major Milestone

Another milestone of the Solana decentralized finance ecosystem is the success of Raydium. An excess of 72 million RAY tokens have been repurchased, which is about 27% of the token’s supply in circulation. The trading fees and yield operations to finance the buybacks confirm that Raydium can keep growing without relying on external funds.

Its yield aggregation and automated market maker instruments continue to attract significant trading interest. Thus, the amount of revenue on chain is increasing consistently, driving sustainable long-term growth for the Raydium ecosystem. Furthermore, the buyback milestone proves that the protocol has matured financially. It also shows that it is committed to fulfilling user and community interests.

A Tight Accumulation Zone

Market analyst Ali noted that RAY is still in a thin accumulation zone creating a bullish ascending triangle. His chart shows support  at around $2.60 while $3.80 is the next important resistance. After that resistance is overcome, he projects a possible breakout up to $6.50.

This period of consolidation, according to Ali, is a sign of stable accumulation by investors. It is also a sign of trust in the factors and metrics that indicate the health, value, and potential of this blockchain project. The chart structure indicates that the momentum can increase dramatically when the trading volume exceeds the $3.80 resistance area.

Source: X

Also Read | Raydium (RAY) Consolidates Before Next Leg Higher, Bullish Setup Targets $6.46 Level

RAY’s Near-Term Direction

The short-term trend of RAY is one key fact that can be determined from the Fibonacci retracement. The token continues to trade between $2.98 and $3.08. This represents the 0.5 and the 0.618 Fib. levels. 

The 1.618 Fibonacci extension, which represents the $3.94 price level, is the next target for the token. However, it must close above $3.08 at the end of the trading day to reach it.

VWAP indicators support this framework. Currently, the session VWAP values between $2.88 and $2.94 are creating a liquidity base. Continued trading above this would indicate bullish control.

Source: TradingView

Early Bullish Signs

Momentum indicators are also a sign that the trend is going to be bullish. Relative strength index (RSI) stands at approximately 47. This implies that the conditions are balanced before the start of a price rise. This level may become a breakeven point prior to aggressive price movements when the volume of trades increases.

The Moving Average Convergence Divergence (MACD) indicator has become positive on the 4-hour chart. The signal line has climbed into the positive zone with the broadening histogram bars indicating increasing bullish divergence. All these indicate positive market bias and growing buyer momentum as RAY tries to rise above recent lows.

Source: TradingView

Other Market Observations

Raydium uses protocol income to cut supply and increase token value, unlike many other decentralized projects, which rely on outside funding. This transparency has made it among the most reliable and income-generating DeFi protocols in the Solana ecosystem.

RAY is trading at approximately $2.83 at the time of writing, with short-term support above $2.83 and resistance at $3.20. The solid on-chain fundamentals and steady revenue highlight Raydium’s growing financial strength. Signs of a bullish trend suggest that $RAY may be preparing for its next major breakout.

Also Read | Raydium Price Prediction: Can RAY Break Resistance and Rally Toward $6.50?

Keywords

Raydium, RAY price, Solana DeFi, RAY buyback, crypto analysis, Fibonacci, RSI, MACD, bullish trend, Raydium breakout

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Filed under: Bitcoin - @ October 5, 2025 1:26 pm