Radworks/Tether Market Overview: 24-Hour Summary for 2025-11-08

Summary
• Radworks/Tether (RADUSDT) climbed from 0.426 to 0.509, closing at 0.436 after a large bullish reversal.
• Momentum surged with a 52% RSI overbought spike but faded by close.
• Volatility expanded with a 0.085 range and diverging volume near highs.

Market Overview

Radworks/Tether (RADUSDT) opened at 0.426 on 2025-11-07 at 12:00 ET and surged to a session high of 0.509 ahead of 12:00 ET on 2025-11-08. The pair closed at 0.436 after an extensive 24-hour range of 0.085. Total volume across 96 15-minute intervals amounted to 2,228,639.1 units, with notional turnover reaching $952,845.10. Price action showed a strong reversal to the upside, followed by consolidation in the final hours of the session.

Structure & Formations

Price action revealed a strong bullish reversal with a notable Bullish Engulfing pattern forming at 0.434–0.454 on 2025-11-08 at 15:30 ET. This engulfing candle suggested aggressive buying pressure after a period of consolidation. The 15-minute chart shows a clear resistance zone forming between 0.45 and 0.453, where price tested and reversed twice. A key support level appeared near 0.44, where the price found a floor on multiple occasions.

Moving Averages

On the 15-minute chart, the 20-period moving average (0.437) crossed above the 50-period (0.435), suggesting a short-term bullish bias. The daily chart shows the 50-day (0.438), 100-day (0.443), and 200-day (0.441) lines converging, indicating potential for a continuation if the pair stays above 0.44.

MACD & RSI

The 15-minute MACD crossed into positive territory at 0.0005, indicating rising momentum. The RSI spiked to 52.0, nearly reaching overbought territory, before retreating to 48.0 by the close. This suggests a strong but temporary bullish move, with the RSI divergence hinting that the upward move may be losing steam.

Bollinger Bands

Volatility expanded significantly, with the upper band reaching 0.465 and the lower band at 0.422. Price touched the upper band at 0.509, a rare occurrence indicating strong overbought conditions and the potential for a near-term correction. The bands are now wider, reflecting increased market uncertainty.

Volume & Turnover

Volume spiked near the high at 0.454 with a 15-minute candle showing 2,119,278.8 units traded, the largest of the day. This suggests strong institutional participation. Notional turnover followed a similar pattern, peaking at $906,915.36. However, volume began to contract in the final hours of the session, signaling a potential exhaustion of upward momentum.

Fibonacci Retracements

Applying Fibonacci levels to the swing low at 0.424 and high at 0.509, key levels include 0.465 (38.2%), 0.453 (50%), and 0.440 (61.8%). The pair found resistance at 0.453 and support at 0.440–0.443. Price appears to have bounced off the 61.8% level, indicating a possible near-term retracement to 0.453 before resuming a higher bias.

Backtest Hypothesis

The Bullish Engulfing pattern detected at 0.434–0.454 aligns with a potential entry point for a short-term long strategy. If this pattern had been traded using a 3-day holding period and a fixed stop-loss below the pattern’s low, it may have captured part of the upward move to 0.509. However, the pattern’s effectiveness would depend on its frequency across the broader sample—fewer than five such signals in the raw data may limit the robustness of the backtest. A potential alternative is to expand the pattern set to include other bullish reversal formations like the Hammer or Morning Star, which may improve the number of tradable events and the strategy’s reliability.