Market Overview: Radworks/Tether USDt (RADUSDT) 24-Hour Analysis

• • •
• Price surged above 0.690 amid rising volume and bullish engulfing patterns in late ET hours.
• Momentum accelerated with RSI trending higher, indicating potential overbought conditions.
• Volatility expanded as price broke above 0.690, triggering a sharp move toward 0.711 by 12:00 ET.
• Turnover spiked over $600,000, with high-volume candles at key turning points.
• Bullish divergences in volume and price suggest strong near-term conviction from longs.

Radworks/Tether USDt (RADUSDT) opened at 0.691 on 2025-09-09 12:00 ET and closed at 0.694 on 2025-09-10 12:00 ET, reaching a high of 0.725 and a low of 0.680. Total volume traded was 909,215.7, with notional turnover amounting to $635,704.2.

Structure & Formations

The 24-hour chart for RADUSDT displayed a clear bullish breakout above the prior resistance cluster near 0.690–0.691, supported by a long-bodied bullish candle at 11:45 ET (close: 0.696, open: 0.691). A strong bullish engulfing pattern formed during this hour, suggesting renewed buying pressure. Key support levels appear to be forming near 0.685–0.686, with a possible short-term resistance at 0.700. A doji near 0.696 at 12:00 ET may signal a potential consolidation or pullback before further momentum.

Moving Averages

On the 15-minute chart, the price closed above both the 20-period and 50-period moving averages, confirming a bullish bias. The 50-period MA was at 0.689 at the end of the 24-hour period, while the 20-period MA was at 0.690. This alignment suggests continued upside potential in the near term. On a longer timeframe, the 50- and 100-period MAs were converging around 0.687, indicating the possibility of a short-term reversal if price pulls back to this area.

MACD & RSI

The RSI closed the 24-hour period at 64, trending upward with strong momentum. While not yet in overbought territory, the indicator suggests increasing bullish momentum, especially after the 0.696–0.725 rally. The MACD remained above zero with a positive histogram, reinforcing the bullish bias. However, a closing RSI above 65 may trigger caution for short-term traders.

Bollinger Bands

Volatility expanded sharply during the 11:45–12:00 ET hour, with the price moving above the upper Bollinger Band following a period of consolidation. The band width widened to reflect the increased trading range, indicating heightened market sentiment. The price closed just below the upper band at 0.694, suggesting potential for a test of the 0.700–0.710 range before any meaningful correction.

Volume & Turnover

Trading volume spiked dramatically during the 11:45–12:00 ET hour, with over 909,215.7 units traded — the highest in the 24-hour period. This high-volume candle coincided with a sharp move from 0.691 to 0.725. Notional turnover also increased in this period, with the candle accounting for over 90% of the total daily turnover. This suggests strong conviction from buyers. Divergences between volume and price were minimal, indicating alignment between price action and underlying liquidity.

Fibonacci Retracements

Fibonacci retracement levels were applied to the key 0.680–0.725 swing. The 61.8% level is at 0.705, which the price is likely to test in the coming hours. The 38.2% level at 0.701 appears to be a potential immediate resistance. On a shorter timeframe, the 0.680–0.700 retracement level aligns with the 0.690–0.691 support cluster, reinforcing the area's importance.

Backtest Hypothesis

A backtesting strategy based on bullish engulfing patterns and RSI divergence can be applied to the 15-minute chart. The 11:45–12:00 ET candle displayed a long-bodied bullish engulfing pattern, followed by a strong RSI rise. A potential entry point would have been after the close of the bullish engulfing candle, with a stop-loss placed just below the 0.690–0.691 support level and a target near the 0.705 Fibonacci level. This approach could yield a favorable risk-reward ratio, especially given the high-volume confirmation of the move.