Market Overview for RedStone/Tether (REDUSDT) on 2025-11-13

• RedStone/Tether (REDUSDT) posted a 24-hour low of $0.2983 and closed near 0.3144 after a volatile session.• Momentum shifted from bearish to bullish in early ET, with RSI suggesting overbought conditions later.• Volume spiked to over 295,000 during the morning ET rally, confirming the upward move.

The RedStone/Tether pair (REDUSDT) opened at $0.3053 at 12:00 ET-1 and traded as low as $0.2983 before closing at $0.3144 at 12:00 ET. The 24-hour high was $0.3222. Total volume reached 1,816,406.6, with a notional turnover of $554,392.33, signaling a mix of bearish and bullish participation.

Structure & Formations

Price action revealed several key levels over the past 24 hours. A notable bearish reversal was observed around $0.3000 during the early ET hours, followed by a strong bullish engulfing pattern forming between $0.3063 and $0.3194. The price appears to be consolidating above $0.3100, suggesting this level may act as near-term support. A doji near $0.3163 indicates indecision in the market, which could precede a breakout or reversal.

Support & Resistance

Key support levels to watch in the short term are $0.3100 and $0.3063, while resistance is currently forming at $0.3194 and $0.3222. A break above $0.3222 may trigger further bullish momentum, while a retest of $0.3063 could lead to bearish continuation.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during a midday rally, suggesting a short-term bullish bias. The daily 50-period MA is approaching the 100 and 200-period MAs from below, indicating potential bearish momentum on a longer time frame. The price appears to be forming a possible golden cross in the next 48 hours, which could signal a trend reversal.

MACD & RSI

The MACD line showed a bullish crossover early in the trading session, with the histogram expanding during the morning ET rally. The RSI reached 65–70 during the late morning and early afternoon, indicating overbought conditions. However, the divergence between price and RSI suggests a potential correction may be on the horizon.

Bollinger Bands

Volatility expanded significantly during the morning hours, with price reaching the upper band multiple times. This expansion followed a period of contraction, which is typically seen as a precursor to increased movement. Currently, the price sits closer to the upper band, suggesting continued bullish pressure but with increasing risk of a pullback.

Volume & Turnover

Volume spiked during the morning ET hours, particularly around $0.3175–$0.3194, where the price surged on above-average turnover. This volume confirmed the bullish momentum and suggests strong participation. However, after 14:00 ET, volume declined, and price drifted sideways, signaling a potential loss of conviction among buyers.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart include 38.2% at $0.3153 and 61.8% at $0.3106. The price has tested these levels multiple times, with $0.3106 acting as a key support area. If the current rally continues, the next Fibonacci level to watch is $0.3236.

Backtest Hypothesis

The backtesting strategy outlined relies on MACD golden-cross entries and RSI-based exits, but the lack of historical MACD and RSI data for REDUSDT has hindered the process. This likely indicates a missing or improperly formatted ticker in the data source. Once the correct exchange and symbol are confirmed (e.g., Binance, KuCoin, and the exact ticker format such as “RED/USDT”), the strategy can be validated and tested over the period 2022-01-01 to 2025-11-13. Proper symbol identification is essential for executing the backtest effectively and drawing actionable insights.