Market Overview: Radworks/Tether (RADUSDT) – 24-Hour Performance and Technical Implications

• Price consolidated near key support at $0.617–0.618, rebounding with modest momentum into the close.
• RSI signaled oversold conditions briefly but failed to confirm a sustained reversal, suggesting indecision.
• Volatility expanded during the overnight ETH to UTC transition, with a 0.621–0.624 consolidation forming potential near-term resistance.
• Bollinger Bands widened after the 0.613 low, signaling increased market participation and risk of a directional breakout.
• Volume surged during the morning UTC rally, but turnover lagged slightly, indicating uneven conviction in the short-term bullish move.

RADUSDT opened at $0.619 on 2025-09-22 at 12:00 ET, reached a high of $0.627, a low of $0.613, and closed at $0.622 as of 2025-09-23 at 12:00 ET. Total volume for the 24-hour period was approximately 651,092.5, with notional turnover standing at $406,626.39.

Structure & Formations

The 24-hour chart for RADUSDT displayed a key consolidation phase forming around $0.617–0.619, with a failed bearish rejection candle observed at $0.613. This low triggered a sharp rebound, forming a potential bullish hammer pattern. The price subsequently formed a series of bullish engulfing patterns around $0.620–0.622, suggesting short-term bullish momentum. However, the 0.623–0.625 range appears to function as a strong overhead resistance cluster, with a 61.8% Fibonacci retracement from the low at $0.613 aligning closely with this level.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during the afternoon UTC session, forming a potential short-term bullish crossover. The 50-period MA now sits around $0.620, acting as a dynamic support. Meanwhile, the 100-period MA on the daily chart has remained above the 200-period MA, indicating an ongoing bullish trend on the broader time frame, albeit with recent consolidation suggesting a potential pause in the advance.

MACD & RSI

The MACD histogram showed a slight expansion in bullish momentum during the morning UTC rally, though the signal line failed to cross above the zero line, indicating limited conviction in the move. RSI reached an oversold level near 30 during the $0.613 low, triggering a rebound but then stalled at around 45–50, suggesting a neutral to weak momentum environment. This suggests that while the price found support at $0.617–0.619, the bulls are not yet in control of the next leg up.

Bollinger Bands

Volatility expanded significantly during the overnight to early UTC hours as the price dipped to the lower band at $0.613. The bands subsequently widened, indicating a higher probability of a directional move. Currently, the price resides near the upper 1.5 standard deviation range, suggesting a potential pullback or consolidation before the next leg.

Volume & Turnover

Volume spiked during the morning UTC rally, particularly in the 9:00–10:00 UTC window, as the price moved from $0.619 to $0.624. However, notional turnover lagged slightly behind volume growth, indicating a possible divergence. This divergence suggests that while there was increased participation, the overall conviction in the move was not uniformly strong. Additionally, volume during the consolidation phase near $0.621–0.623 has been moderate, indicating a potential pause in trading activity.

Fibonacci Retracements

The 61.8% Fibonacci retracement level, derived from the 0.613–0.627 swing, aligns closely with the 0.623–0.625 price cluster, which has been a consistent overhead resistance area. This level may act as a key psychological barrier for the next 24 hours. If buyers manage to push through this level with strong volume, it could signal the start of a new upward trend.

Backtest Hypothesis

A potential backtesting strategy could focus on short-term entries based on the 20/50 MA crossovers on the 15-minute chart, combined with RSI levels above 40 to filter for momentum. This approach would align with the recent bullish engulfing patterns and the morning UTC rally. A stop-loss could be placed just below the $0.620 support level, with a target near $0.625 to capture a portion of the anticipated breakout. The key variables to monitor would include volume dynamics and divergence between price and RSI to assess the strength of the move.