Raydium (RAY) has emerged as a top-performing cryptocurrency, experiencing a 20% jump within the last 24 hours. This surge continues a robust rally that began in early April, with the altcoin now trading at a three-month high of $3.70.

In the past seven days, RAY has climbed 60%, driven by bullish momentum and investor confidence. The token is trading above its 20-day Exponential Moving Average (EMA), suggesting a strong upward trend.

The Super Trend indicator also points to a bullish market for RAY, indicating sustained buying pressure and potential for further gains toward $4.18. However, profit-taking could pose a challenge to this projection.