The Solana-based decentralized exchange token, Raydium (RAY), has experienced a significant uptrend and achieved a seven-month high, indicating growing interest in the Solana ecosystem. Raydium recently surpassed Ethereum in fees collected over a 24-hour period, showcasing its rising activity and popularity among DeFi users. This surge in activity may lead to upward pressure on the RAY token. The broader macro momentum for Raydium is optimistic, with increased user participation and price uptrend suggesting stronger market support. RAY's price has surged by 36% in the past week, reaching a high not seen since mid-March. To maintain these gains, RAY aims to breach the next resistance level at $3.33. However, if profit-taking occurs, RAY may experience a decline to $2.71, with further drops potentially invalidating the current bullish outlook.



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