Market Overview for Radworks/Tether (RADUSDT) – 2025-09-21

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• Price action for Radworks/Tether (RADUSDT) consolidated between 0.669 and 0.683, forming a tight range with no clear breakout.
• Momentum, as measured by RSI and MACD, remained neutral to bearish, suggesting a lack of conviction in either direction.
• Volatility contracted slightly, with price spending most of the 24-hour period within a narrow Bollinger Band channel.
• Notable 15-minute volume spikes occurred between 16:30 ET and 18:00 ET, yet failed to trigger meaningful directional movement.
• Key support at 0.674–0.676 and resistance at 0.68–0.682 were repeatedly tested without decisive breakouts.

RADUSDT opened at 0.678 on 2025-09-20 at 12:00 ET and traded as high as 0.684, as low as 0.669, and closed at 0.670 on 2025-09-21 at 12:00 ET. Over the past 24 hours, the total traded volume was 571,710.69 and notional turnover was $379,622.93, based on a 15-minute OHLCV dataset.

Structure & Formations

The price profile over the 24-hour period showed a tight consolidation pattern, with repeated tests at key levels. A potential bearish engulfing pattern appeared around 04:30 ET, with a larger bearish body consuming the prior candle. A doji formed at 09:30 ET, signaling indecision and potential trend reversal. Notable support levels emerged at 0.674–0.676 and 0.669–0.671, while resistance clustered at 0.68–0.682 and 0.683–0.684. These levels were tested multiple times, with price bouncing off them without clear breakouts, suggesting the market was in a consolidation phase.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned around 0.676–0.678, indicating a flat price environment. The 50-period MA remained slightly above the 20-period MA, but the difference was negligible. On the daily chart, the 50-period and 200-period MAs were also converging, with price hovering near the 50-period line at 0.676. This suggests a potential flattening of the medium-term trend with no strong bullish or bearish bias.

MACD & RSI

The MACD showed a weak bearish divergence in the latter half of the 24-hour window, with the histogram shrinking after an initial bullish spike early in the day. The RSI remained in the 40–60 range for most of the period, indicating a neutral market. A brief overbought condition (RSI > 65) occurred around 16:30 ET but quickly reversed. No significant overbought or oversold signals emerged, reinforcing the idea that the market lacked directional momentum.

Bollinger Bands

Price spent the majority of the 24-hour period within the Bollinger Band channel, ranging between the 20-period SMA (centered at ~0.676) and the upper/lower bands. A minor volatility contraction occurred between 02:00 ET and 04:00 ET, with price tightening around the middle band. However, this did not lead to a breakout. Price closed just below the middle band at 0.670, indicating a slight bearish drift without a strong signal.

Volume & Turnover

Volume was generally low during the first 4–5 hours of the period but spiked at multiple intervals, particularly between 16:30 ET and 18:00 ET, when volume exceeded 48,000. However, these spikes did not result in meaningful price movement, suggesting a lack of follow-through. Total volume came in at 571,710.69, and turnover at $379,622.93, indicating a relatively low-liquidity environment. A divergence between volume and price movement was observed in the 04:30 ET to 07:00 ET window, where volume increased but price drifted downward, signaling bearish caution.

Fibonacci Retracements

Applying Fibonacci levels to the recent 0.669 to 0.684 swing, the 0.618 (0.677) and 0.382 (0.679) levels coincided with key support/resistance clusters observed in the data. Price tested the 0.677 and 0.679 areas multiple times, showing that these retracement levels acted as liquidity zones. A further test of 0.669–0.671 (0.618 of the 0.672–0.681 swing) appears likely in the next 24 hours.

Backtest Hypothesis

The backtesting strategy provided is built on identifying tight consolidation patterns with repeated tests at key support/resistance levels, combined with neutral to bearish momentum (as seen in the MACD and RSI). A potential entry trigger would be a break of the lower Bollinger Band or a close below 0.674 with increased volume confirmation. A stop-loss could be placed just above the 0.676–0.678 cluster, while a take-profit target aligns with the 0.669–0.671 Fibonacci retracement levels. The strategy relies on the continuation of the current low-volatility environment, as a breakout without follow-through volume may result in a false signal.