Cryptocurrency

Solana

Raydium

Bitcoin

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">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">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 loading="lazy" loading="lazy" 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 loading="lazy" loading="lazy" 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">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">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">Bitcoin’s Surge Boosts Solana and Raydium Prices</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin’s Surge Boosts Solana and Raydium Prices

Table of Contents

COINTURK NEWS

Other articles published on Jul 29, 2024

OKX Adds ONDO to Trading Platform

Fight Inflation With Bitcoin: Cynthia Lummis Calls For US To Buy 1 Million BTC

Biden’s Proposed SC Reform Takes Aim At Donald Trump Immunity Ruling

Hacker gets 3.5 years prison for $900K Coinbase login scam: Report

Bitcoin Eyes $70K as Trump’s 2024 Chances Rise, Liquidations Loom

Trump Promises Major Crypto Policy Shifts, Removal of SEC Chair Gensler at Bitcoin 2024 Conference

Join our free newsletter for daily crypto updates!