Technical analysis by SaeedSalehinia about Symbol RAY: Buy recommendation (8/10/2025)

Raydium is an automated market maker and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Ray's technical behavior is almost textbook: a downward move, then Ray breaks the downtrend line, consolidating in a triangle pattern, and finally starts a new upward wave. Ray is going up toward the ATH's horizontal resistance area. If Ray could break this area, further upward movement is possible. Let's see what happens.Also, there is a possibility that a harmonic pattern could form. Thus, must be careful for the correction wave. Let's see what happens.