Raydium

Date: Wed, March 19, 2025 | 05:26 AM GMTThe cryptocurrency market is showing early signs of recovery, with Bitcoin (BTC) rebounding from last week&#39;s low of $76,000 to trade around $83,000. As Bitcoin regains strength, <a href="https://coinsprobe.com/is-cronos-cro-gearing-up-for-a-trend-reversal-historical-pattern-hints-at-a-big-rally/" rel="noopener noreferrer nofollow">altcoins </a>like EOS (EOS) and Raydium (RAY), which faced significant declines over the past 90 days, are now beginning to show potential breakout patterns.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b6068381986c4cbe994ee31c437cd9f2.png" />Source: CoinmarketcapToday, EOS has gained strong momentum, surging by an impressive 26% and breaking out of a key technical pattern. Meanwhile, RAY’s price action is hinting at a potential breakout similar to EOS, positioning itself for a possible trend reversal.<h3 id="eos-eos-breaks-out-of-falling-wedge">EOS (EOS) Breaks Out of Falling Wedge</h3>EOS has successfully broken out of a falling wedge pattern, a formation typically seen as bullish. The token surpassed the upper trendline of the wedge around the $0.50 range, signaling a shift in sentiment. Following this breakout, EOS is currently trading around $0.62, testing key resistance levels at $0.67 and the 50-day moving average (50-MA).<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ddf643c2df5f402980e461556b1b777b.png" />EOS Daily Chart/Coinsprobe (Source: Tradingview)If EOS maintains its bullish momentum, the next critical resistance lies around its 100-day MA and the $0.82 price zone, which would represent a 31% increase from the current price.However, if the price faces rejection, a retest of the breakout level could provide a buying opportunity before further upside continuation.<h3 id="raydium-ray-prepares-for-a-potential-breakout">Raydium (RAY) Prepares for a Potential Breakout</h3>RAY has been mirroring EOS’s price movement, also trading inside a falling wedge pattern since its $8.67 high on Jan 23. The token recently rebounded from the lower trendline support at $1.45 and is currently trading at $1.88.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c839ac30069e477ab523bf0a086750d9.png" />Raydium (RAY) Daily Chart/Coinsprobe (Source: Tradingview)Now, RAY is approaching the upper resistance of the wedge and the 50-day moving average, a crucial level for determining its next move.If RAY confirms a breakout with a successful retest of its resistance, the next major target sits near $3.05, which could act as a strong barrier. A decisive move beyond this zone could fuel a rally towards the 200-day MA and the $4.90 price zone, marking a potential 162% increase from current levels.<h3 id="strong-final-thoughts-strong">Final Thoughts</h3>EOS’s breakout has set the stage for a bullish continuation, while RAY is now at a critical decision point. If RAY follows a similar trajectory, traders could witness significant gains in the coming days. As always, market participants should closely monitor price action, volume confirmation, and key resistance levels before making investment decisions.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/is-cronos-cro-gearing-up-for-a-trend-reversal-historical-pattern-hints-at-a-big-rally/" rel="noopener noreferrer nofollow">Is Cronos (CRO) Gearing Up for a Trend Reversal? Historical Pattern Hints at a Big Rally</a>.

EOS Gains Momentum Following Key Breakout – Is RAY Gearing Up For A Similar Move?

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