title: Raydium (RAY) Price Reacts to LaunchLab Introduction, Briefly Hits $2.50

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

Key Takeaways:

LaunchLab, Raydium’s token launchpad, was announced on April 17.

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

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

What is LaunchLab?

LaunchLab is a community-driven platform where users can 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.

After the token launch, once 85 SOL is raised through the bonding curve, the token moves to Raydium’s Automated Market Maker (AMM) for trading.

So, the new tokens will not dilute the Raydium pool until they reach a pre-determined level of interest.

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.