Market Overview for Radworks/Tether (RADUSDT) on 2025-09-15

• Price declined sharply from 0.692 to 0.677, suggesting bearish momentum and potential oversold conditions.
• RSI and MACD indicate weakening buying pressure and possible short-term bounce.
• Volatility expanded on 15-minute timeframe with Bollinger Band widening, signaling potential reversal or continuation.
• Key Fibonacci levels at 0.684 and 0.675 show contested price action and support/resistance clustering.
• High volume in the final 3 hours suggests potential accumulation or distribution activity.

Radworks/Tether (RADUSDT) opened at 0.689 on 2025-09-14 at 12:00 ET, reached a high of 0.703 and a low of 0.669, and closed at 0.674 on 2025-09-15 at 12:00 ET. Total 24-hour volume was 1,125,293.3, and notional turnover was $775,810.5. The 24-hour move featured a sharp selloff, with key technical signals indicating potential turning points.

Structure & Formations

The price of RADUSDT followed a bearish trend throughout the 24-hour period, marked by a bearish engulfing pattern at the beginning of the selloff and a hanging man pattern near the 0.674 level. Key support levels formed at 0.684 and 0.675, both showing price rejections and consolidation. Resistance is now likely at 0.687–0.689, which previously contained the price in earlier retracements. A large bearish candle with a long lower wick near the 0.677 level may signal accumulation.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA are both bearishly aligned, with price staying well below both. The 50SMA has acted as a dynamic overhead resistance, especially after the initial selloff. On the daily chart, the 50DMA and 200DMA are likely positioned below the recent low, suggesting further technical support is possible at lower levels. However, the 20SMA is now crossing below the 50SMA, indicating short-term bearish momentum.

MACD & RSI

The MACD turned negative and showed bearish divergence with a weaker price close in the final hours of the 24-hour period. RSI dropped below 30, indicating oversold conditions, although it has yet to show a convincing bullish crossover. This suggests that while there is a high probability of a bounce, overbought conditions are unlikely in the near term.

Bollinger Bands

Bollinger Bands widened significantly during the initial selloff, suggesting increased volatility. Price has since settled near the lower band at 0.669–0.671, and is potentially due for a mean reversion. A break above the 0.682 level could bring the upper band into play and confirm a reversal.

Volume & Turnover

Volume spiked in the final 3 hours, with the largest spike at 0.669–0.671, suggesting possible accumulation or distribution. Notional turnover also rose sharply, aligning with the price move. However, a divergence between volume and price at the 0.675 level indicates weak conviction in the bearish move, hinting at potential buyer interest.

Fibonacci Retracements

On the 15-minute chart, the key Fibonacci retracement levels at 0.684 (38.2%) and 0.675 (61.8%) have both shown price consolidation. On the daily chart, the 0.674 close sits at the 61.8% retracement of the recent bearish move, indicating a possible short-term floor. A break below 0.671 could trigger a move to the next Fibonacci level at 0.666.

Backtest Hypothesis

A potential backtesting strategy could involve entering a long position on a bullish crossover of the 20SMA and 50SMA, with a stop-loss just below the 0.671 support level and a target at the 38.2% Fibonacci retracement at 0.684. Given the recent MACD divergence and RSI oversold conditions, a long bias could be justified. This setup would test whether technical indicators can confirm a reversal after a sharp bearish move. The high volume at the 0.669–0.671 range supports this as a potential accumulation zone.