Market Overview for Radworks/Tether (RADUSDT) – 24-Hour Summary

• Price surged 5.6% over 24 hours, breaking above 0.625 and forming a bullish breakout pattern.
• RSI hit overbought territory (70+), suggesting potential pullback or consolidation.
• Volatility expanded, with Bollinger Bands widening and volume spiking during the final 6 hours.
• Fibonacci retracement at 0.632 marked a strong resistance level, holding for most of the session.
• MACD crossed above the signal line with rising histogram, confirming upward momentum.

Radworks/Tether (RADUSDT) opened at 0.624 on September 23 at 12:00 ET and closed at 0.637 on September 24 at 12:00 ET. The 24-hour range extended from 0.612 to 0.641, with total volume of 1,095,916.1 and turnover of $688,679.2. The pair saw a strong upward trend, with key resistance levels tested and a sharp volume increase in the final hours of the session.

Structure & Formations

The candlestick structure revealed a series of bullish formations, including a strong breakout above 0.625, followed by a hammer pattern at 0.613 and a bearish engulfing pattern at 0.638. A notable doji appeared at 0.616, suggesting indecision. The pair found strong support at 0.612 and 0.618, both of which were tested twice, with price bouncing off each level. Resistance levels at 0.625 and 0.632 held firm until the final hours, where a large volume spike pushed price beyond 0.632.

Moving Averages

On the 15-minute chart, price closed above the 20-period and 50-period moving averages, signaling a short-term bullish bias. The 50-period MA was at 0.627, while the 20-period MA was at 0.629, both aligning with the upward trend. On the daily chart, the 50-period MA was at 0.625 and the 200-period MA at 0.619, with price now well above both, suggesting a stronger intermediate-term bullish trend.

MACD & RSI

The MACD crossed above the signal line in the final 24 hours, with the histogram showing a sharp increase, confirming the bullish momentum. RSI climbed into overbought territory, peaking at 72, indicating potential for a near-term consolidation or pullback. However, the overbought condition has not yet triggered a bearish reversal, and price remains above key moving averages, suggesting further upside may be possible.

Bollinger Bands

Bollinger Bands expanded significantly during the 24-hour period, reflecting rising volatility. The price remained outside the upper band for a large portion of the session, particularly after the breakout above 0.625. This widening of the bands indicates increased uncertainty and could suggest a potential period of consolidation. Price remains above the 20-period moving average and within the upper half of the bands, supporting the bullish trend.

Volume & Turnover

Volume increased steadily over the 24-hour period, with the final 6 hours seeing a sharp spike in activity. The largest single candle was at 0.635–0.641, with a volume of 145,823.3, followed by a high-volume candle at 0.632–0.636 with 84,752.9 volume. Turnover moved in line with volume, with no significant divergence observed. Both metrics confirm the strength of the upward move, though the RSI overbought condition suggests caution ahead.

Fibonacci Retracements

Applying Fibonacci retracement to the recent 15-minute move from 0.612 to 0.641, key levels at 0.623 (38.2%), 0.628 (50%), and 0.632 (61.8%) were all tested. The 0.632 level served as strong resistance and was retested multiple times before being broken with a large volume spike. On the daily chart, a broader Fibonacci sequence from 0.598 to 0.641 shows the 0.618 (61.8%) level at 0.626, which also acted as a key support and resistance during the session.

Backtest Hypothesis

A backtest strategy could be built around the 15-minute breakout above the 0.625 resistance level, combined with volume confirmation. A buy signal could be triggered when price closes above 0.625 on the 15-minute chart with volume exceeding 10,000, paired with RSI above 60 to confirm bullish momentum. A stop-loss could be placed below 0.618, the previous support level, and a take-profit target set at 0.632, the next major Fibonacci level. Given the current RSI overbought condition and the strong volume confirmation, this setup appears to have a high probability of success in the near term, though volatility remains a risk.