Raydium Hits $2.50 After LaunchLab Reveal — What This Means for RAY Holders

Raydium is the biggest decentralized exchange on Solana, and on April 17, it introduced LaunchLab, a new token launchpad.

The Raydium price reacted positively to the news, briefly hitting $2.50 before a minor correction.

Since momentum had already been building before the rally, this could be the spark needed to take RAY much higher.

What is LaunchLab?

LaunchLab is Raydium’s community-driven platform that lets users create and launch tokens.

It targets traders who want to discover new tokens shortly after launch and creators who need a fast and customizable launch process.

LaunchLab will offer custom launch features for creators, such as various supply indicators, vesting options, and Burn & Earn.

Creators will also earn up to 10% of the trading fees from the pool.

The Solana team also hyped the launch, considering it an essential step in Solana DeFi.

Shortly after the launch, the RAY price reached a high of $2.50 before falling slightly.

Raydium Price Bounces

The weekly time frame RAY analysis suggests the price has completed its long-term rally and is now correcting.

Raydium completed a five-wave upward movement (green) between December 2022 and January 2025.

A bearish divergence (orange) in the weekly Relative Strength Index (RSI) marked the top of the increase, followed by a downward movement.

Shortly after the divergence, the Moving Average Convergence/Divergence (MACD) made a bearish cross (black circle) and is now falling.

The RAY price decrease culminated with a low of $1.39 in April. Raydium bounced afterward, confirming the $1.70 horizontal area as support.

So, while the long-term trend is bearish, the RAY price may have started wave B in an A-B-C correction (red).

Let’s look at the lower time frame and see where that can take it.

Will the Rally Continue?

The short-term count confirms that RAY is in wave B of its A-B-C correction.

The sub-wave count (black) illustrates a finished five-wave decrease for wave A.

Then, Raydium began a short-term rally, accelerating after a breakout from the parallel channel, meaning sub-wave C has extended.

After this rally ends, the RAY price may move downward toward new lows.

The most likely target for the top of the corrective rally is between $3 and $4.25.

A horizontal resistance creates the target’s lower limit, while the 0.382 Fibonacci retracement creates the upper.

Local Top Close

The Raydium price increased significantly after the LaunchLab announcement, briefly reaching a high of $2.50.

While Raydium’s long-term trend is bearish, the price is in wave B of an A-B-C correction.

Wave B could end between $3 and $4.25, suggesting that Raydium will reach its top soon.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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