Raydium: An Undervalued SBF Coin with High Growth Potential In this post, I'll be going over one of the more undervalued coins, Raydium.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- Applying technical analysis in this chart is rather difficult as there isn't enough price action.
- However, the setup looks almost identical to other coins like sushi and uniswap that have grown over 10x since their initial breakout
- This coin is also one of SBF's coins. Other SBF coins include Solana (SOL), Sushi Swap (SUSHI), Ren (REN), and Serun (SRM).
- Besides Serum, all other coins' market caps are in the billions range.
- Raydium's market cap is at a mere $107m.
- We have broken out of the descending trend line resistance, and with the entire market being extremely bullish, a move towards the 1.618 fib resistance at $20 seems reasonable.
