Market Overview for Radworks/Tether USDt (RADUSDT)

• Price action showed a bullish breakout above 0.664 during the 24-hour period.
• RSI and MACD indicated a moderate increase in momentum and no overbought conditions.
• Bollinger Bands showed a recent expansion, highlighting growing volatility.
• Trading volume spiked near key resistance levels and confirmed the upward movement.
• Fibonacci retracement levels provided context for potential continuation or pullback targets.

Opening Narrative

Radworks/Tether USDt (RADUSDT) opened at 0.658 on 2025-09-04 12:00 ET and reached a high of 0.682 before closing at 0.666 on 2025-09-05 12:00 ET. The 24-hour volume was approximately 864,394.8, with a total notional turnover of around $569,512.

Structure & Formations

The 15-minute chart reveals a bullish trend with a key support level forming around 0.662 and a resistance cluster at 0.667–0.670. A bullish engulfing pattern formed at 0.665 on 2025-09-05 07:30, confirming a shift in sentiment. A doji candle appeared at 0.670 on 08:30, signaling potential indecision.

Moving Averages

Short-term 15-minute moving averages (20/50) show a bullish crossover during the afternoon of 2025-09-05, supporting upward momentum. Daily moving averages (50/100/200) are aligned in a bullish bias with the 50-period line above the 100 and 200-period lines, indicating a longer-term upward trend.

MACD & RSI

The MACD crossed above the signal line late on 2025-09-05, confirming bullish momentum. The RSI hovered around 55–65 during the day, showing no overbought conditions, and reached a peak of 64 before retreating slightly. This suggests continued accumulation without extreme pressure.

Bollinger Bands

Bollinger Bands expanded significantly during the midday hours, signaling a breakout. The price traded above the upper band for a short period before retreating toward the midline. This suggests that volatility is increasing and that the current trend has room to continue.

Volume & Turnover

Volume surged at key resistance levels (0.665 and 0.670), indicating strong conviction in the bullish move. The notional turnover spiked when the price broke out above 0.670, confirming the validity of the move. No significant divergence was observed between price and volume during the period, adding to the strength of the pattern.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from 0.655 to 0.682, the 61.8% level sits at approximately 0.669. This level appears to be a critical area for near-term price action, with the 50% and 38.2% retracements at 0.668 and 0.666, respectively. The price closed near the 50% retracement level, suggesting potential for a pullback or continuation.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions at the 38.2% Fibonacci retracement level with a stop loss placed below the 50% level. If the RSI remains above 50 and the MACD remains in bullish territory, the trade could be held for continuation toward the 61.8% retracement. Exit signals could be triggered by a close below the 50-period moving average or a bearish divergence in the RSI. This setup would be tested using a 15-minute chart over the past 90 days to evaluate its success rate and risk-adjusted returns.