The Raydium price has experienced a strong recovery and is currently trading at $5.20. Analysts believe that this rally could push the price even higher, potentially reaching a new all-time high beyond $6.50. The daily chart shows a strong rally followed by a pullback, but the bullish momentum has absorbed the drop and is expected to continue. Technical indicators, such as the MACD and Fibonacci levels, support the likelihood of a continued turnaround and a potential new all-time high by the end of December. The ongoing recovery has also broken above resistance levels and created a V-shaped reversal rally. Based on pivot levels, the price is approaching the $5.33 resistance level, and if the bullish momentum continues, the peak of the falling channel pattern at $6.50 could be reached, potentially setting a new all-time high of $6.68.



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