Raydium is poised for a potential breakout after forming an ascending triangle pattern that indicates a move towards the $3.80-$6.50 range. This bullish pattern hints at significant price growth. While the token currently trades around $2.95, near its 0.618 Fibonacci support level, it has been steadily climbing in recent weeks. The rising trendline suggests sustained buying pressure despite a slight dip of 1.5% over the past 24 hours. The key $3.80 resistance is crucial for Raydium’s next move, as breaking this barrier could trigger a rally to targets like $4.11, $5.53, and $6.46 based on Fibonacci extensions. However, if volume remains weak or Raydium fails to clear the key resistance level, the price might slip back towards its previous support level of $2.39 or even lower.