Market Overview for Radworks/Tether (RADUSDT) on 2025-09-19

• Price opened at $0.689 and closed near $0.676 after a volatile 24-hour range.
• Key resistance appeared at $0.693 with failed breakout attempts.
• Volatility spiked mid-cycle with a drop to $0.675, reflecting bearish momentum.
• RSI and MACD indicated overbought conditions early, then reversed into oversold.
• Turnover remained stable, suggesting accumulation without clear directional bias.

RADUSDT opened at $0.689 on 2025-09-18 at 12:00 ET and closed at $0.676 at the same time on 2025-09-19. The 24-hour range saw a high of $0.696 and a low of $0.675. Total volume was 109,314 units, and total turnover amounted to $63,831.

Structure & Formations

The price structure of RADUSDT over the 24-hour period displayed a bearish bias, with resistance forming at $0.693 and support consolidating at $0.678–0.675. A key bearish candlestick pattern — a large-bodied bearish engulfing pattern — formed around 05:00 ET, confirming the reversal from an earlier bullish attempt. Additionally, a doji formed at $0.682, indicating indecision and potential turning points. The price retraced sharply after a failed breakout from the $0.69–0.693 consolidation zone, indicating a loss of bullish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly during the afternoon hours, signaling a short-term downtrend. On the daily chart, the 50-period and 200-period SMAs remained in a bullish alignment, but the 100-period SMA crossed below the 50-period SMA, suggesting a weakening of the broader bullish trend. This divergence between short- and long-term indicators may indicate an upcoming period of consolidation or a potential bearish correction.

MACD & RSI

MACD turned negative in the late hours of the 24-hour period, with bearish divergence evident after a failed rally to $0.696. The RSI hit overbought conditions in the early morning session but dropped to oversold territory after the price declined to $0.675, indicating exhausted selling pressure. This suggests the market may consolidate in the near term before a potential rebound or further decline.

Bollinger Bands

Volatility expanded mid-session, particularly between 05:00 and 07:00 ET, as the price moved outside the upper and lower Bollinger Bands. The price eventually settled within the bands toward the end of the period, suggesting a return to normal volatility levels. However, the recent expansion of the bands highlights a period of increased uncertainty and potential for further consolidation.

Volume & Turnover

Volume spiked during the bearish breakdown below $0.682 and during the rally attempt at $0.693, indicating key inflection points. Turnover, however, remained relatively consistent throughout the period, without sharp spikes. The lack of significant turnover during price swings may suggest that the market is being driven by strategic accumulation or distribution rather than broad sentiment shifts.

Fibonacci Retracements

Fibonacci levels were applied to the recent $0.675–$0.696 swing, with key retracement levels at 38.2% (~$0.684) and 61.8% (~$0.678) acting as support. The price briefly bounced off the 38.2% level but failed to hold the 61.8% support, indicating bearish control. On the daily chart, the 50% and 78.6% retracement levels from the previous week’s low appear critical for near-term direction.

Backtest Hypothesis

Given the recent price behavior and technical indicators, a potential backtesting strategy could involve a short entry on a confirmed bearish engulfing pattern with stop-loss above the recent high at $0.693 and a take-profit at the next key support level of $0.675. This approach would align with the observed breakdown in bullish momentum and the oversold condition of the RSI, suggesting a continuation of the bearish trend. The use of moving average crossovers to time entries and exits could further refine the strategy, particularly when paired with volume confirmation.