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RAY Price Prediction for March 20: Will Reports of a Memecoin Launch Pad Sustain Momentum?

Munene Timothy by Munene Timothy
March 19, 2025
in Binance Feed, Market
Reading Time: 4 mins read
RAY Price Prediction for March 20 Will Reports of a Memecoin Launch Pad Sustain Momentum
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  • RAY surged by 12.8% as Raydium after reports of LaunchLab, a memecoin launch pad to rival Pump.fun and retain market dominance.
  • RSI at 38.40 hints at a bearish outlook, while MACD suggests weakening selling pressure, potentially leading to a price reversal.
  • RAY faces key resistance at $2.00–$2.50; a breakout could push it to $3.00, while a drop below $1.75 may trigger declines to $1.40.

Raydium’s native token, RAY, surged by over 12.8% in the last 24 hours following reports of a planned memecoin launch pad. The Solana-based decentralized exchange aims to rival Pump.fun, a platform known for its rapid token creation mechanism. 

#Raydium $RAY @RaydiumProtocol on news of their LaunchLab (Ethical Token Launch Pad). https://t.co/YO5e6ZnaPw pic.twitter.com/AHhaoDoMc7

— MartyParty (@martypartymusic) March 18, 2025

Raydium’s decision follows Pump.fun’s reported development of an automated market maker (AMM), which could reduce its reliance on Raydium’s infrastructure. RAY’s price action is volatile, with technical indicators hinting at possible trend shifts.

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Raydium’s Plan to Compete with Pump.fun

Raydium is important in Solana’s decentralized finance ecosystem. Over 35% of its revenue comes from Pump.fun, a platform that facilitates token launches. However, tensions emerged when Pump.fun began testing its own AMM, potentially shifting liquidity away from Raydium.

In response, Raydium is launching “LaunchLab,” a memecoin launch pad designed to compete directly with Pump.fun. The new platform will share key features with Pump.fun, such as a logarithmic bonding curve, but will also introduce unique functionalities. 

Third-party interfaces will have the ability to set fees and directly access Raydium’s liquidity pools. Development of LaunchLab has reportedly been underway for months, a strategic move by Raydium to maintain its market position.

RAY Market Performance and Technical Indicators

At press time, on March 19, RAY was trading at $1.87, reflecting a 12.04% increase in market cap, which was at $544.93 million. Its 24-hour trading volume surged by 158.04% to $222.44 million, indicating increased market activity. 

Source: TradingView

The token’s total value locked (TVL) is at $1.12 billion, while its fully diluted valuation reached $1.03 billion. Despite the recent price spike, RAY has been in a prolonged downtrend, falling from highs near $8.00 to below $2.00. 

The RSI is at 38.40, showing a bearish outlook but approaching oversold territory. If RSI drops below 30, a stronger rebound could follow. The MACD line is at -0.5495, with the signal line at -0.6865, hinting at slowing bearish momentum. The MACD histogram shift toward 0.1370 suggests weakening selling pressure.

Potential Price Movements for March 20

RAY’s price direction will depend on key support and resistance levels. If buying momentum increases, the token could break above $2.00, potentially testing the $2.20–$2.50 range. 

A breakout past $2.50 may lead to a stronger recovery toward $3.00. However, if selling pressure persists, RAY might drop to $1.75, with support at $1.60. A further decline could push the price toward $1.40, extending the downtrend. 

Tags: Meme coin News

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