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

• Price action on RADUSDT showed a bearish breakdown followed by a partial recovery, with a final 24-hour close near 0.510.
• Volume spiked during the mid-day selloff, confirming bearish momentum, but faded during the recovery phase.
• RSI entered oversold territory but failed to trigger a strong bounce, signaling possible exhaustion or bearish continuation.
• Key support at 0.491 and resistance at 0.515 identified; Fibonacci levels suggest further consolidation or test of 0.505.
• Bollinger Bands widened during the selloff, reflecting increased volatility, with price returning toward the mid-band as volatility subsided.

Radworks/Tether (RADUSDT) opened at 0.512 on 2025-10-22 12:00 ET and reached a low of 0.485 before finishing at 0.510 at 12:00 ET on 2025-10-23. The 24-hour range was 0.515 to 0.485, with total volume of approximately 443,613.0 and a notional turnover of $219,347.70.

Structure & Formations

Price action over the last 24 hours revealed a bearish breakdown from early 0.510 levels, with a sharp descent to 0.491 on high volume. A recovery attempt followed but stalled near 0.510, with no bullish momentum to close above that level. A key support was tested at 0.491 and held, while resistance at 0.515 appears significant for any potential bounce. Notable patterns include a bearish engulfing pattern during the selloff and a doji near the 0.500 level indicating indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both show a bearish bias, with price below both lines. The 20 MA crossed below the 50 MA early in the selloff, confirming a bearish crossover. On the daily chart, the 50/100/200 MA lines suggest a longer-term sideways trend, with price hovering between the 50 and 200 MA levels, indicating a consolidation phase.

MACD & RSI

The MACD indicator turned negative in the early part of the selloff and remained bearish throughout the session, with the histogram showing a consistent bearish divergence. RSI dropped into oversold territory (below 30) as the price fell to 0.491 but failed to produce a strong bullish reversal. The RSI remains within neutral to bearish territory, suggesting caution for near-term buyers.

Bollinger Bands

Bollinger Bands expanded during the selloff as volatility increased, with the low of 0.485 hitting near the lower band. As price recovered, it pulled back toward the mid-band, indicating a potential return to normal volatility. Price remains near the upper edge of the bands during the recovery phase, suggesting that volatility is still higher than typical for this pair.

Volume & Turnover

Volume spiked during the midday selloff with a 15-minute candle showing 193,046.0 volume, confirming bearish conviction. However, volume dropped significantly during the recovery phase, suggesting a lack of buyer interest. Notional turnover aligned with volume, with the largest turnover occurring during the selloff. A divergence between price and volume during the recovery suggests that the bounce lacks strong follow-through.

Fibonacci Retracements

Applying Fibonacci retracement to the 15-minute chart, key levels at 38.2% (0.504) and 61.8% (0.501) were tested during the recovery phase. On the daily chart, the 61.8% retracement level at 0.505 appears to be a key support, which was briefly tested during the recovery. The 0.515 high may act as a resistance for further upward movement.

Looking ahead, price appears to be in a consolidation phase after the bearish selloff, with key support and resistance levels likely to dictate the near-term direction. Traders may watch for a break below 0.491 for further bearish momentum or a decisive close above 0.515 to indicate a potential reversal. As always, increased volatility and volume divergence should be treated as cautionary signals for the next 24 hours.

Backtest Hypothesis

A backtest strategy involving the detection of “Morning-Star” candlestick patterns was attempted but could not be processed due to an unrecognized ticker symbol “HOLD.P.” To proceed, the correct and exact exchange symbol must be confirmed. Once validated, the strategy would detect Morning-Star patterns on the 15-minute chart and simulate a 5-day holding period from 2022-01-01 to today. This would help assess the profitability and risk of such a pattern-based approach in the context of high-frequency trading for this pair.