Market Overview for RedStone/Tether (REDUSDT): Strong Bullish Move and Accumulation

• Price of RedStone/Tether (REDUSDT) surged 15% to a 24-hour high of $0.4051, driven by a late-night breakout above key resistance.
• Volatility expanded significantly with Bollinger Bands widening, indicating a potential trend continuation.
• Volume surged above 200,000 in the final 4 hours, signaling strong accumulation and conviction in the bullish move.
• RSI rose to 58, indicating momentum favoring the bulls but not yet overbought.

Price Action Summary

At 12:00 ET on 2025-10-12, RedStone/Tether (REDUSDT) opened at $0.3776 and surged through the session, reaching a 24-hour high of $0.4051 before closing at $0.4007 at 12:00 ET on 2025-10-13. Total volume for the 24-hour period reached 801,885.0, with a notional turnover of approximately $319,474.95 (calculated by summing volume × price). The price action suggests a strong bullish reversal and potential trend continuation.

Structure & Formations

Multiple key resistance levels were breached during the session, including a significant level at $0.3954, which was held as support earlier in the day but was later retested and confirmed as a breakout point. A strong bullish engulfing pattern formed between 06:30–07:15 ET, marking the start of the upward surge. A doji appeared at $0.3962 in the late evening, indicating a potential pause or consolidation. The price then continued its ascent with a higher high and higher close formation.

Moving Averages and Momentum

The 15-minute chart shows the price closing above both the 20-period and 50-period SMAs, indicating bullish momentum. The 50-period SMA has crossed above the 20-period SMA, forming a golden cross—a technical signal typically associated with uptrends. On the daily chart, the 50-period SMA sits below the 200-period SMA, suggesting long-term bullish divergence, with the price currently in the upper part of the Bollinger Bands.

Bollinger Bands and Volatility

Volatility expanded significantly during the breakout, with the Bollinger Bands widening from approximately $0.004 at the start of the session to over $0.012 in the latter hours. The price closed near the upper band at $0.4007, suggesting continued bullish pressure. A contraction in volatility observed earlier in the session may have set the stage for this explosive move.

Volume and Turnover Confirmation

Volume surged in the final 4 hours of the session, reaching a peak at $0.3962 with over 198,000 units traded. This suggests strong accumulation by buyers, particularly at key resistance levels. Turnover also spiked in these hours, reinforcing the notion that the price move was backed by solid buying interest. The volume profile shows a divergence between the early morning and late-night periods, with higher turnover associated with higher highs.

Fibonacci Retracements and Key Levels

Applying Fibonacci levels to the recent 15-minute swing from $0.3820 to $0.3963, the price found support at the 38.2% retracement level at $0.3905 and then broke above the 61.8% level at $0.3946. These retracements now appear as potential support and resistance levels. On the daily chart, a major Fibonacci level at $0.392 (38.2% retracement of the recent downtrend) is now acting as support.

Backtest Hypothesis

Given the recent MACD data retrieval failure, the backtesting hypothesis must be manually adjusted. A golden cross signal in the MACD could have been a potential trigger for this bullish move. If historical MACD golden-cross dates were available, they could be compared against the current price behavior to validate the signal. For future reference, ensuring the correct ticker format (e.g., “RED/USDT”) and narrowing the time frame may improve data retrieval.