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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-surge-boosts-solana-and-raydium-prices/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin’s Surge Boosts Solana and Raydium Prices</a> 
Cryptocurrency Market gains momentum as Bitcoin (BTC) moves towards the $70,000 level. This surge in Bitcoin’s price has also led to a significant increase in <a href="https://en.coin-turk.com/solana-faces-challenges-in-the-cryptocurrency-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a>‘s (SOL) price. This situation may indicate an investment opportunity for Raydium (RAY) within the Solana ecosystem.
<h2 style="text-align: justify" id="strong-solana-sol-aims-beyond-200-strong">Solana (SOL) Aims Beyond $200</h2>
Despite a previous downtrend, Solana made a strong comeback in July with a 35.39% increase. This price rise enabled SOL to break a significant resistance level, moving towards the $200 target. Technical indicators, especially the Relative Strength Index (RSI), show a rise towards the overbought zone on the daily timeframe. This is crucial as it indicates increased buying pressure in the market.
<img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-374743" src="https://coin-turk.com/wp-content/uploads/2024/07/Solana-SOL.png" alt="" width="1432" height="760">
Analysts expect the altcoin’s price to test the $210 resistance level if the market remains positive. Conversely, they warn that in a potential downturn, the price could retreat to the $155 support level.
<h2 style="text-align: justify" id="strong-raydium-ray-shows-extremely-positive-outlook-strong">Raydium (RAY) Shows Extremely Positive Outlook</h2>
Raydium within the Solana ecosystem saw a 10.27% increase in the last 24 hours despite recent volatility, bringing its annual gain to 108.39%. Currently, RAY’s market value stands at $689.94 million, placing it 99th on the global cryptocurrency list.
<img decoding="async" class="aligncenter size-full wp-image-374744" src="https://coin-turk.com/wp-content/uploads/2024/07/Altcoin-Raydium.png" alt="" width="1435" height="755">
The Moving Average Convergence/Divergence (MACD) indicator for RAY has consistently recorded green histograms since the beginning of the month, indicating a long-term upward trend.
If the altcoin’s price stays above the $2.41 support level, it is expected to test the $3.35 resistance level. However, if <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market conditions</a> change and bears take control, the price could retest the $1.90 low level.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-surge-boosts-solana-and-raydium-prices/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin’s Surge Boosts Solana and Raydium Prices</a></h5>
The post <a href="https://en.coin-turk.com/bitcoins-surge-boosts-solana-and-raydium-prices/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin’s Surge Boosts Solana and Raydium Prices</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Bitcoin’s Surge Boosts Solana and Raydium Prices

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