Raydium's price surged 15.19% following Injective's expansion to Solana, which boosted Raydium's decentralized exchange liquidity and trading activity. As a day-one liquidity partner, Raydium gained access to new trading volume, particularly in memecoin DEX trades on Solana. Despite the rally, retail futures traders increased selling pressure, causing a price retracement below the $1.80 resistance level and raising the risk of a short-term correction toward $1.64–$1.66. The technical indicators suggest bullish momentum remains but overbought conditions and taker-sell dominance could lead to a pullback before any further upside.
Raydium (RAY) is trading at Rp29.450 on Pluang, down 3.05% as of September 20, 2026, 02:21 WIB, with a majority of orders leaning towards selling at 57%. Injective (INJ), which has recently expanded to Solana, is up 17.04% at Rp138.233, showing strong market interest. The typical hold time for RAY on Pluang is 25 days, indicating moderate investor engagement amid recent price fluctuations.
