Market Overview: Radworks/Tether (RADUSDT) – 24-Hour Technical Review

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• Radworks/Tether (RADUSDT) closed at $0.687, 0.44% higher from the previous 24-hour open, showing moderate bullish bias.• Price moved between $0.665 and $0.696, with a 1.23% range, indicating elevated volatility in afternoon hours.• Volume surged in late ET hours, peaking at $87,392.6 at 14:00 ET with a sharp rally to $0.693.• Momentum, as per RSI, showed overbought conditions briefly, but a pullback followed by consolidation suggests short-term uncertainty.• Bollinger Bands showed a mild expansion in early morning, with price closing near the upper band, signaling bullish exhaustion.

RADUSDT opened at $0.668 on 2025-09-17 12:00 ET and closed at $0.687 by 2025-09-18 12:00 ET, with a high of $0.696 and a low of $0.665. Total 24-hour trading volume reached 567,527.7, while notional turnover amounted to $389,216.9. Price exhibited a strong rally in midday ET before settling into a consolidation phase toward the close.

Structure & Formations

Price formed a bullish flag pattern following the morning rally to $0.696, with consolidation between $0.686 and $0.689. A bearish engulfing candle formed at 14:30 ET as price dipped from $0.694 to $0.689, hinting at short-term profit-taking. A doji at 06:00 ET showed indecision amid a pullback from $0.684. Key support levels appear at $0.681 and $0.677, while resistance is now at $0.690 and $0.694.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed over in a bullish manner early in the session, confirming a short-term upward bias. On the daily chart, the 50-day MA is above the 200-day MA, indicating a longer-term positive trend. The 100-day MA acts as a dynamic support near $0.678 to $0.682.

MACD & RSI

The MACD crossed above the signal line early in the morning and remained in bullish territory until late afternoon, where a bearish crossover signaled potential reversal. The RSI briefly hit overbought levels around 14:00 ET but pulled back, with current levels at 54 suggesting balanced momentum. Divergence between price and RSI in late ET may indicate a possible pullback.

Bollinger Bands

The Bollinger Bands expanded during the rally to $0.696 and then contracted in the afternoon, suggesting a potential pause in directional momentum. Price closed near the upper band at $0.687, indicating bullish exhaustion. A break above $0.690 could trigger a re-expansion of the bands and renewed volatility.

Volume & Turnover

Volume surged in late ET hours, peaking at 87,392.6 units at 14:00 ET, coinciding with the rally to $0.693. Turnover increased proportionally, suggesting genuine buying interest rather than wash trading. However, the sharp drop in volume after 15:30 ET suggests reduced conviction, with price closing near the midrange of the daily bar. No clear divergence between price and turnover was observed.

Fibonacci Retracements

The most recent 15-minute swing from $0.665 to $0.696 aligns with key Fibonacci levels: 23.6% at $0.685, 38.2% at $0.683, and 61.8% at $0.676. Price consolidated near the 38.2% level, suggesting a potential retest of $0.685 before resuming upward movement. Daily Fibonacci levels from a larger swing suggest $0.685–$0.686 as a short-term target.

Backtest Hypothesis

A potential backtesting strategy for RADUSDT could involve a breakout-based system that enters long on a close above the 20-period EMA and exits after a stop loss at the 15-minute Bollinger Band lower bound. Given the recent 15-minute rally and consolidation at the 38.2% Fibonacci level, this strategy aligns well with current price behavior. The 15-minute MACD and RSI suggest that momentum is still in favor of a bullish breakout, but a confirmation above $0.690 is required to validate a breakout signal.