Market Overview for Radworks/Tether (RADUSDT)

Summary
• Price consolidates near 0.301 as key support holds with bearish momentum.
• Volume spikes in late ET suggest distribution amid descending trend.
• RSI signals oversold conditions, but price fails to recover above 0.303.

RADUSDT opened at 0.309 at 12:00 ET−1, peaked at 0.310, and closed at 0.301 at 12:00 ET today, trading between 0.301 and 0.310. Total volume reached 711,473.6 and turnover hit $215,198.56 over the 24-hour period.

Structure & Formations

Price action shows a descending pattern, with key resistance at 0.307 and support at 0.301. A bearish engulfing pattern formed near 0.305, followed by a lower low and failed recovery. A doji at 0.303 suggests indecision and potential exhaustion at this level.

Moving Averages

On the 5-minute chart, the 20 and 50-period SMAs slope downward, reinforcing bearish bias. Daily moving averages (50/100/200) show a bearish alignment, with price near the 50-period line but below the 200-period, signaling continued bearish momentum.

MACD & RSI

MACD remains bearish with a negative histogram and a flattening trend, indicating waning selling pressure. RSI has dipped into oversold territory (~30) near 0.301, but price has not yet found a floor above this level, suggesting a potential bounce or further consolidation.

Bollinger Bands

Volatility has remained relatively stable, with Bollinger Bands showing no significant contraction. Price recently tested the lower band at 0.301 and bounced slightly, but failed to close above the middle band, reinforcing the bearish trend.

Volume & Turnover

Volume increased significantly between 04:00 and 07:00 ET, with a sharp spike at 06:15 ET. Turnover matched this volume increase, confirming the bearish move. However, a divergence appears in later ET hours, as volume diminishes while price remains near 0.301, suggesting a possible pause in the downtrend.

Fibonacci Retracements

Recent 5-minute swings show a 61.8% retracement level at 0.303, which price has tested and failed to reclaim. On the daily chart, a 38.2% retracement at 0.307 aligns with a key resistance level but remains unbroken.

Price could test 0.301 again in the short term or find a floor near 0.303 if buyers step in. A breakout above 0.307 would signal a potential reversal, but risks remain skewed to the downside given the lack of sustained bullish momentum. Investors should watch for volume confirmation on any upward moves.