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The Raydium price surged 11% in the last 24 hours to trade at $7.591 as of 02:33 a.m. EST on trading volume that jumped 3% to $551 million. The strong performance by the RAY price has made the altcoin the top gainer in the crypto market on CoinMarketCap . Raydium Price On A Sustained Bullish Rally The RAY price has recently exhibited a significant bullish breakout after a period of consolidation. Meanwhile, the Raydium price has surged above a previously strong resistance level at $6.00, as indicated by the blue horizontal line, and is now trading around $7.59. The consolidation pattern from November created a tight range between approximately $4.00 (support) and $6.00 (resistance). This range served as a springboard for the current upward momentum.  A retest of the support zone at $4.00 was met with strong buying interest, indicating significant demand in this area, according to GeckoTerminal data.  The breakout above the $6.00 resistance was accompanied by a sharp ...

The Solana price rose 2% in the last 24 hours to trade at $154.29 as of 03:51 a.m. EST on trading volume that dropped 5% to $5.4 billion. This comes after Brazil’s securities regulator approved its first Solana ETF (exchange-traded fund) and now awaits the approval of the local stock exchange B3. The new SOL ETF will reference the CME CF Solana dollar, developed by the Chicago Mercantile Exchange (CME) and Crypto Facilities (CF) to provide a uniform price quote for Solana. Solana Price To Continue With the Bullish Trend Reversal The Solana price, after soaring in July, took a tumble in August, dropping from the $193 resistance, within the falling channel pattern, according to data from GeckoTerminal . Following the market clash on Monday, the price of Solana dropped below the lower boundary of the channel to the $113 support zone. The bulls then used this support as a cushion against downward pressure to rise over the upper boundary of the channel. SOL price is now on a bul...