Market Overview for Radworks/Tether (RADUSDT)

Summary
• Price declined from $0.314 to $0.304, forming multiple bearish engulfing patterns after a midday rebound.
• RSI signaled oversold conditions briefly near $0.303, but momentum remained bearish throughout.
• Volume surged near $0.315 and $0.305, aligning with key swing levels and suggesting defined support/resistance.
• Bollinger Bands showed tightening volatility early, followed by a midday expansion as price drifted downward.
• Notional turnover spiked with the 08:45 ET rally, but failed to confirm a sustained reversal.

Market Overview

Radworks/Tether (RADUSDT) opened at $0.313 on 2026-01-11 12:00 ET, reaching a high of $0.314 and a low of $0.304, and closing at $0.305 on 2026-01-12 12:00 ET. Total volume over 24 hours was 676,572.6, with a notional turnover of 208,610.24.

Structure and Patterns

The 5-minute chart displayed a series of bearish engulfing and hanging man patterns from 01:00 to 03:00 ET, reinforcing downward momentum. A potential key support level appears to be forming around $0.304–0.305, while resistance is evident between $0.307 and $0.308. A 61.8% Fibonacci retracement of the morning’s high-to-low move aligned closely with the 01:00–03:00 consolidation phase, indicating a possible turning point.

Indicators and Volatility

MACD showed bearish divergence, with the line staying below the signal line for most of the session. RSI briefly dipped into oversold territory near $0.303 but failed to trigger a meaningful bounce, suggesting a lack of buying interest. Bollinger Bands tightened early in the session before expanding during the midday sell-off, signaling increasing volatility.

Volume and Turnover

Volume spiked near key levels, notably at $0.315 and $0.305, indicating potential areas of accumulation and distribution. The 08:45 ET rally was accompanied by a large volume spike and a 120k+ notional turnover, but the move lacked follow-through, suggesting a failed attempt at reversal. Price and turnover aligned positively during this rally, but divergence reemerged after 09:00 ET.

Looking ahead, a close above $0.307 could trigger a test of the $0.308–0.309 resistance band, but without significant volume confirmation, the bias remains cautious. Investors should monitor for any bullish divergence in MACD or a sustained move above $0.308 to signal a reversal. As always, the fast-moving nature of this pair could introduce unexpected volatility.