Raydium has experienced a price surge of over 15%, with bulls testing the $0.75 level, driven by a significant increase in perpetuals volume on the Solana-based decentralized exchange. The daily trading volume of RAY has skyrocketed by more than 500%.
On February 17, 2026, Raydium emerges as one of the top gainers in the cryptocurrency market, with the RAY token witnessing a 15% increase in value over the past 24 hours. This surge coincides with a surge in daily trading volume and a retesting of the $0.75 level, as bulls aim for a potential rebound towards the critical $1 mark.
Despite bearish pressure surrounding Bitcoin, top altcoins like Ethereum, XRP, and Solana are reflecting positive trends, with Raydium leading the way.
Reasons Behind the Raydium Price Surge
The optimism surrounding the Solana ecosystem has benefited Raydium, with the latest pump in the token attributed to the momentum of SOL. Additionally, an increase in liquidity provision and swaps on Raydium’s automated market maker indicates renewed confidence in the decentralized exchange.
Although there isn’t a specific catalyst for the recent price surge, the introduction of new perpetuals listings has contributed to the surge in volume. Raydium recently announced trading support for assets like $TSLA, $NVDA, $XAG, $NAS100, $XAU, $SPX500, and $GOOGL, offering leverage of up to 20x.
Amidst potential macroeconomic shifts, speculation has reached new heights, with on-chain data showing increased activity on the platform. Perpetuals volume has surpassed $6 billion, accompanied by significant user growth, leading to a surge in RAY’s value.
Raydium Price Forecast and Bullish Targets
Despite prevailing bearish sentiment in the crypto market, Raydium has shown resilience, trading well above recent lows. The token is currently below a key downtrend line since its dip from the highs of $4.10 in August 2025.
Technical indicators, such as the rising RSI and bullish MACD divergence, suggest potential momentum for RAY. The token is trading near the resistance line of the descending trendline, with a rise in volume signaling a possible upward trend continuation.
To achieve a breakout above $1, bulls need to surpass immediate resistance at the $0.83 to $0.91 range. A successful breach could propel RAY to highs of $1.27 and beyond. However, failure to breach this level may invite bearish pressure towards the $0.55-$0.50 zone.
The future of Raydium’s price movement hinges on market dynamics and the ability of bulls to sustain momentum towards key resistance levels.
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