Market Overview: Raydium/Tether (RAYUSDT) on 2025-12-18

Summary
• Price declined from 0.941 to 0.911 before rebounding into a late session rally.
• A bullish engulfing pattern formed near 0.911 following oversold RSI conditions.
• Volume surged in the final 4 hours, confirming the rebound.
• Key support at 0.911 and resistance at 0.931 were tested and held.
• Volatility expanded in the final 6 hours, with Bollinger Bands widening.

Raydium/Tether (RAYUSDT) opened at 0.932 on 2025-12-17 at 12:00 ET, reached a high of 0.960, a low of 0.899, and closed at 0.924 as of 12:00 ET on 2025-12-18. Total volume was 2,583,205.0 and notional turnover amounted to $2,432,145.3.

Structure and Key Levels

Price formed a bullish engulfing pattern near 0.911 after testing support twice in the morning, with a 50-period moving average at 0.916 acting as a dynamic floor. Resistance levels at 0.931 and 0.942 were retested in the afternoon and evening, with the 20-period MA acting as a near-term ceiling.

Momentum and Volatility

RSI reached oversold territory (25) at 0.911 and rebounded above 50 in the final 4 hours, confirming a reversal. MACD crossed into positive territory in the afternoon and maintained a bullish divergence. Volatility expanded significantly in the last 6 hours, with Bollinger Bands widening from a narrow range of 0.906–0.912 to 0.903–0.944.

Volume and Confirmation

Volume spiked to over 160,000 in the 12:45 ET hour and remained elevated through the final 6 hours, with the largest turnover spike of $152,000 in the 13:00–13:15 ET period. Notional turnover matched price strength, confirming the late rally.

Fibonacci Retracements

The 0.899–0.960 swing saw a 61.8% retracement at 0.931, which was tested and held in the afternoon. On the 5-minute chart, the 0.911–0.942 move found 38.2% support at 0.928, which became a key level for short-term buyers.

The market appears to be consolidating above 0.924 ahead of potential breakouts. A sustained close above 0.931 may attract further buyers, but a retest of 0.911 could see renewed bearish pressure if volume wanes. Investors should remain cautious ahead of any extended move.