Jupiter

Raydium

Date:  Mon, March 24, 2025 | 08:24 AM GMTThe crypto market is showing signs of a rebound as Ethereum (ETH) bounces back with a 5.69% weekly gain, pushing above the $2,000 mark. This recovery has given <a href="https://coinsprobe.com/sui-forms-another-bullish-falling-wedge-could-a-breakout-push-it-to-new-all-time-high/" rel="noopener noreferrer nofollow">altcoins </a>some breathing room after months of selling pressure. As sentiment gradually improves, tokens like Raydium (RAY) and Jupiter (JUP) are beginning to stir after facing a heavy correction over the past 90 days.RAY has gained strong momentum, surging by an impressive 15% over the week and breaking out of a key technical pattern. Meanwhile, JUP’s price action appears similar to RAY’s, positioning itself for a possible trend reversal.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d90f047b481e4f73be41b74a2dcd5b27.png" />Source: Coinmarketcap<h3 id="raydium-ray-breaks-out-of-falling-wedge">Raydium (RAY) Breaks Out of Falling Wedge</h3>RAY has successfully broken out of a falling wedge pattern, a bullish technical formation that often signals a trend reversal. The token recently surpassed the upper trendline of the wedge around $1.73, confirming a shift in sentiment.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b36039c5de67465dbe6722a23bd70cc1.png" />Raydium (RAY) Daily Chart/Coinsprobe (Source: Tradingview)Following this breakout, RAY jumped to its current price of $1.87, and if it maintains bullish momentum, the next key resistance lies around $3.02. A strong move above this level could pave the way toward the 50 &amp; 100-day moving averages and the $4.90 region, marking a potential 160% rally from current levels.However, if the price faces rejection at current levels, a retest of the breakout zone around $1.73 could offer a buying opportunity before further upside continuation.<h3 id="jupiter-jup-nears-a-breakout-point">Jupiter (JUP) Nears a Breakout Point</h3>JUP has been mirroring RAY’s price movement, also trading inside a falling wedge pattern since reaching its $1.26 high on January 26. The token recently bounced from key support at $0.4480 and is now trading at $0.56.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6419ac1a97d5478b833a00787b9ee2b3.png" />Jupiter (JUP) Daily Chart/Coinsprobe (Source: Tradingview)Now, JUP is approaching the upper wedge resistance and the 25-day moving average. A breakout and retest could drive the price toward the 100-day moving average and the $0.86 zone—which represents a 55% upside from current levels.<h3 id="strong-final-thoughts-strong">Final Thoughts</h3>RAY’s breakout has set the stage for a bullish continuation, while JUP remains at a critical decision point. If JUP 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/render-render-gains-momentum-following-key-breakout-is-injective-inj-gearing-up-for-a-similar-move/" rel="noopener noreferrer nofollow">Render (RENDER) Gains Momentum Following Key Breakout – Is Injective (INJ) Gearing Up For A Similar Move?</a>

Raydium (RAY) Eyes Recovery with Key Breakout and – Is Jupiter (JUP) Setting Up for a Similar Move?

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