Market Overview for Raydium/Tether (RAYUSDT) as of 2025-09-27

• RAYUSDT traded in a 24-hour range of $2.553–$2.644 with a bullish close near the high, driven by afternoon strength.
• Momentum picked up after 19:00 ET with RSI moving into overbought territory, suggesting continued upward bias.
• Volatility expanded in the 15-minute chart, as evidenced by wide Bollinger Bands, but volume remained moderate.
• A bullish engulfing pattern formed in late evening hours, reinforcing potential continuation above $2.62.
• Turnover spiked in late trading, with a final 15-minute bar showing high volume at $2.641–$2.632, signaling consolidation.

Raydium/Tether (RAYUSDT) opened at $2.569 on 2025-09-26 at 12:00 ET and closed at $2.632 on 2025-09-27 at the same time. The 24-hour high was $2.644, and the low was $2.553. Total volume across the 24-hour window was 658,499.4, with a notional turnover of $1,723,656.39. The price showed a strong late-day reversal and closed near the top of the daily range.

Structure & Formations

Price action revealed key support around $2.600 and resistance near $2.640. A bullish engulfing pattern formed during the 19:00–23:30 ET window, which could indicate a short-term continuation of the uptrend. A doji appeared near $2.620, suggesting indecision and potential for a pullback. The price action suggests the pair may test the 61.8% Fibonacci level of the recent downtrend as a near-term target.

Moving Averages

On the 15-minute chart, price closed above both the 20 and 50-period EMAs, indicating a bullish bias. The 50 and 200-period daily EMAs show a mixed signal, with the 50 SMA currently above the 200 SMA, suggesting a longer-term bullish bias. Price appears to have broken out of a consolidation pattern above the 50-period EMA, which may support further upside.

MACD & RSI

The MACD line crossed above the signal line in the evening hours, signaling a bullish momentum shift. RSI reached overbought levels (above 65) during the late afternoon and evening session, which may suggest exhaustion or continuation. However, the absence of a bearish divergence in RSI suggests the uptrend could continue.

Bollinger Bands

Volatility expanded in the afternoon, with the Bollinger Bands widening significantly. Price closed near the upper band on the 15-minute chart, which may indicate strong buying pressure. The 20-period Bollinger Bands show that price is currently near the upper channel, which could serve as a short-term ceiling if the trend continues.

Volume & Turnover

Volume increased significantly in the latter half of the trading day, especially between 19:00 and 23:30 ET, with the largest 15-minute turnover occurring just after midnight. The increase in turnover aligns with the price surge and does not show any major divergences from the price action, suggesting the move is well-supported by volume. This supports the view that the upward move is likely to continue in the short term.

Fibonacci Retracements

The most recent 15-minute rally from $2.610 to $2.644 aligns with a 61.8% Fibonacci retracement level of the previous correction, which could act as a potential resistance zone. On the daily chart, the 61.8% level of the recent pullback is around $2.635–$2.640, which may cap further gains if buyers become hesitant. A break above $2.644 could lead to a test of the 78.6% level at $2.654.

Backtest Hypothesis

The backtest strategy under consideration is a breakout-based approach that triggers long entries when price closes above the upper Bollinger Band on the 15-minute chart, confirmed by an increase in volume and a bullish RSI cross above 55. Short entries are triggered when price closes below the lower Bollinger Band, confirmed by a bearish RSI cross below 45. Using this strategy, the recent 15-minute close near the upper band and the volume surge in the late session suggest a long position could have been triggered. This aligns with the current technical setup and may provide a viable approach for managing risk and reward over the next 24 hours.