Market Overview for Radworks/Tether (RADUSDT): 24-Hour Price Action

• Price drifted lower in 24 hours with a low of 0.505 and close near 0.509
• Volatility expanded in early ET hours before consolidating around 0.51
• Volume surged above 100,000 at peak but declined toward the end of the period
• RSI showed oversold conditions after 0.508 but lacked follow-through buying
• No strong bullish or bearish reversal patterns formed, suggesting ongoing indecision

RADUSDT opened at 0.516 on 2025-10-26 at 12:00 ET and reached a high of 0.527 before closing at 0.509 at 12:00 ET on 2025-10-27. The 24-hour total volume was approximately 147,733.3 with a notional turnover of ~75,400 Tether (USDT). Price action showed a broad bearish trend, with a sharp selloff occurring around 06:45 ET when price broke below 0.518 and continued down to 0.507.

Structure & Formations

Price moved within a descending channel from 0.527 to 0.507, with support forming near 0.511 and resistance around 0.521. A long bearish candle emerged at 10:15 ET, closing at 0.511 after an intracandle high of 0.518. A potential bullish engulfing pattern was observed at 08:15–08:30 ET, but failed to hold. A hanging man pattern appeared at 15:45 ET, hinting at bearish exhaustion but lacking follow-through.

Moving Averages and MACD/RSI

On the 15-minute chart, 20-period and 50-period moving averages are bearishly aligned, with price closing below both. The 50-period MA crossed below the 20-period MA at 06:30 ET, reinforcing the bearish signal. MACD showed a negative crossover early in the session, and RSI hit an oversold condition near 0.508, reaching ~25. However, price failed to recover above 0.513, suggesting limited bullish conviction.

Bollinger Bands and Fibonacci Retracements

Volatility expanded significantly at 06:45 ET as price broke through the lower Bollinger Band to 0.509, but failed to close outside the band. The 61.8% Fibonacci retracement level of the prior 0.505–0.527 move was at 0.516, where price showed some rejection. The 38.2% level (0.519) also marked a minor area of consolidation earlier in the session, but failed to hold.

Volume and Turnover

Volume spiked above 30,000 at 06:45 ET as price broke support at 0.518, but failed to confirm a new leg lower. Turnover also declined after the 06:45 ET selloff, suggesting exhaustion. A divergence between price and volume is emerging near 0.509, where price continued to fall while volume dropped, pointing to possible support ahead.

Backtest Hypothesis

The bearish divergence in volume and price near 0.509 could be used to trigger a short entry with a stop above 0.513. A Fibonacci 61.8% retracement level at 0.516 serves as a potential target. If RSI fails to rise above 35 and price stays below 0.515, this could confirm a continuation of the downtrend. A backtest could evaluate the effectiveness of entering short trades on such divergences with stops above key resistance levels and targets at Fibonacci retracements.