Raydium's price surged over 15% as it tested the $0.75 level, driven by a significant increase in perpetuals volume on the Solana-based decentralized exchange. The RAY token's daily trading volume skyrocketed by more than 500%, positioning it as one of the top gainers in the crypto market on February 17, 2026. This surge coincides with a broader momentum in the Solana ecosystem, despite Solana itself facing challenges near $80. The recent price increase is attributed to heightened activity on Raydium's platform, with perpetuals volume exceeding $6 billion. The exchange's recent support for trading assets like $TSLA, $NVDA, and $GOOGL with up to 20x leverage has amplified trading volumes. As bulls aim for a breakout above $1, technical indicators suggest potential for further gains, though resistance remains at the $0.83 to $0.91 zone.