Market Overview: RedStone/Tether (REDUSDT) – October 8, 2025

• RedStone/Tether (REDUSDT) rose from 0.4562 to 0.4681 over the past 24 hours, ending near its 24-hour high.
• Strong volume and turnover accelerated in the early hours of 2025-10-08, supporting the upward move.
• RSI and MACD signaled positive momentum, with RSI entering overbought territory by 04:30 ET.
• Price tested and held above 0.4655 (61.8% Fib), suggesting short-term bullish bias.
• Bollinger Bands showed a volatility expansion, aligning with the increased price action.

RedStone/Tether (REDUSDT) opened at 0.4562 on 2025-10-07 at 12:00 ET and closed at 0.4662 on 2025-10-08 at the same time, reaching a high of 0.4699 and a low of 0.4539. The pair gained approximately 2.3% over the 24-hour period, with a total volume of 1.89 million contracts and a notional turnover of $858,826.

The price action displayed a bullish bias, with a strong move upward starting after 04:30 ET. A key breakout above the 0.4655 Fibonacci level (61.8% retracement of the 0.4539–0.4699 swing) was followed by a consolidation phase. On the 15-minute chart, price found support at 0.4555 and 0.4575, while resistance emerged at 0.4655 and 0.4680. A bullish engulfing pattern formed around 04:15 ET, confirming the resumption of an upward trend after a brief pullback.

Moving averages on the 15-minute chart showed the 20-period MA crossing above the 50-period MA, reinforcing bullish momentum. The daily chart showed the price above both the 50- and 200-day MAs, indicating a longer-term bullish trend. MACD crossed into positive territory at 04:15 ET and remained above the signal line, while RSI peaked at 68 by 04:30 ET before retreating, suggesting potential overbought conditions.

Bollinger Bands expanded as volatility increased, with price staying above the 15-minute upper band during the key breakout. Price remained within the daily bands, suggesting balanced volatility. Volume surged during the breakout phase, with a peak of 533,594 contracts at 04:15 ET. Notional turnover followed suit, confirming the bullish move.

Fibonacci retracement levels on the 15-minute swing (0.4539–0.4699) indicated that 0.4655 (61.8%) and 0.4680 (76.4%) were strong resistance levels. On the daily chart, 0.4655 and 0.4555 represented key psychological levels for potential support and resistance.

Looking ahead, RedStone/Tether may test 0.4680 and 0.4699 for further resistance, with a possible pullback to 0.4655 as a near-term support zone. A break above 0.4699 could signal a stronger bullish phase, but traders should watch for RSI divergence or MACD bearish signals to manage risk.

The backtesting strategy described aims to exploit the price behavior seen during the breakout at 0.4655 and the consolidation around 0.4662–0.4680. By applying a long bias with entries on a close above the 61.8% Fibonacci level and using a tight stop just below key support, the strategy aligns with the observed technical conditions. Traders could consider using the 20-period MA as a trailing stop to lock in gains during the upward trend. Given the high volume and positive MACD divergence, this strategy appears well-suited for the recent price dynamics of REDUSDT.