Radworks/Tether Market Overview for 2025-11-13

Summary
• Price drifted lower but tested key support near $0.410, with mixed momentum.
• 24-hour volume surged at $0.425–$0.440, indicating potential short-covering.
• Volatility expanded post-05:00 ET, with a sharp sell-off pulling price below $0.410.
• RSI dipped into oversold territory, suggesting limited bearish potential in the short term.

RADUSDT opened at $0.415 on 2025-11-12 at 12:00 ET, reached a high of $0.440, and closed at $0.409 as of 2025-11-13 at 12:00 ET. The 24-hour volume totaled approximately 826,000 coins, with a notional turnover of $336,198. The price action displayed a volatile trend with a bearish bias in the final hours of the reporting period, marked by a significant drop below $0.410 after a sharp rebound above it.

Structure & Formations

The 15-minute chart reveals a key support zone forming near $0.410, which the price touched twice before rebounding. A doji candle formed around 22:30 ET, signaling indecision. Meanwhile, a bearish engulfing pattern emerged at $0.427–$0.423 in the early morning, hinting at continued bearish momentum.

Moving Averages

Short-term moving averages (20/50) on the 15-minute chart show a bearish crossover, with the 50-period MA below the 20-period MA. This divergence suggests bearish pressure. On the daily chart, the 50/100/200-period MAs align in a downtrend, indicating a continuation of bearish sentiment.

MACD & RSI

MACD turned negative and remains bearish in the 24-hour period. RSI dipped to 28 in the final hours, confirming oversold conditions and hinting at a potential rebound.

Bollinger Bands

Price action expanded beyond the upper band during the sharp move to $0.440 and then collapsed below the lower band as it fell to $0.409, indicating heightened volatility. The bands have since tightened, suggesting potential consolidation ahead.

Volume & Turnover

The largest volume spike occurred between $0.420–$0.440, coinciding with the price surge. Notional turnover followed a similar pattern, with a large block of $187,428 traded in that range. A divergence appears as price dropped but volume declined, indicating reduced conviction in the bearish move.

Fibonacci Retracements

A 61.8% Fibonacci retracement level is at $0.416, which the price briefly tested but failed to hold. This level may act as a key pivot for the next 24 hours, with a potential bounce or breakdown anticipated.

Backtest Hypothesis
A RSI-14-based backtesting strategy aims to capture oversold rebounds by entering positions when RSI falls below 30 and holding for 5 days. This approach could align with the recent move toward RSI 28, suggesting a potential reversal. The key challenge will be confirming whether volume supports the rebound or if it remains a false signal.