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

• Price traded between $0.456–$0.474 in 24 hours, with a 0.469 close at 12:00 ET today.
• High volume of 122,789.6 and notional turnover of $52,816.1 highlight key price swings.
• A bullish momentum reemerged after 15:00 ET, with a $0.47 high reached at 09:00 ET.
• Multiple bullish patterns (engulfing, inside bars) appeared after a consolidation phase.
• Bollinger Band contraction suggests potential for a breakout ahead of key resistance.

The Radworks/Tether (RADUSDT) pair opened at $0.462 on 2025-10-31 at 12:00 ET, and closed at $0.469 on 2025-11-01 at 12:00 ET, with a 24-hour high of $0.474 and a low of $0.456. Total volume across the 24-hour 15-minute OHLCV dataset stood at 122,789.6, with a notional turnover of $52,816.1. Price action revealed a consolidation pattern in the early part of the session, followed by a clear breakout and retesting of key levels.

Price action showed tight consolidation between $0.456–$0.464 from 16:00 to 19:00 ET, followed by a sharp breakout to $0.466. A bullish engulfing pattern formed around 05:30–06:15 ET, reinforcing the upward move. Later, an inside bar pattern emerged around 09:15 ET, followed by a sharp rise to $0.474—a key high. Resistance at $0.468–$0.470 appears to have been successfully tested, while support levels remain at $0.460–$0.462 and $0.456–$0.458.

The 20-period and 50-period EMA crossed into bullish alignment around 06:00 ET, with price staying above the 50 EMA for much of the session. The MACD line crossed above the signal line (a golden cross) at 09:30 ET, confirming a short-term bullish momentum. RSI fluctuated between 55–65, indicating moderate momentum without reaching overbought levels. Bollinger Bands were in a contraction phase during the consolidation phase, suggesting the likelihood of a breakout or reversal. The move to $0.474 saw price briefly trading outside the upper band, indicating a potential continuation of the bullish trend.

The volume profile showed notable spikes at 09:00 ET and 15:30–16:15 ET, aligning with key price moves and rejections. Turnover was relatively consistent in the $0.458–$0.465 range, with a significant increase during the 09:00–09:45 ET period. Fibonacci retracement levels at 38.2% (0.463) and 61.8% (0.467) were tested multiple times, with $0.467 acting as a strong short-term resistance. A bullish continuation appears likely if the 61.8% level is maintained.

Backtest Hypothesis

A potential backtesting strategy involves using MACD golden-cross signals on the 15-minute chart to enter long positions, with a 3-day hold to assess performance. Given the recent bullish divergence between price and volume and the retesting of Fibonacci levels, the signal generated at 09:30 ET would have triggered a long entry. A 3-day hold from this point would capture the upward momentum and subsequent consolidation, offering insight into whether the MACD-based entry provides a reliable edge. However, due to the current data availability issue with RADUSDT, the backtest would require confirmation of the correct ticker (e.g., BINANCE:RADUSDT) or a proxy if the dataset remains inaccessible.