Market Overview for Radworks/Tether (RADUSDT) as of 2025-09-22

• Price declined by 5.9% over the last 24 hours amid rising bearish momentum and oversold RSI conditions.
• Key support levels identified near 0.617–0.618, with a potential test of 0.614 if the trend continues.
• Volatility increased significantly during early hours, with a major volume spike observed during the 06:15–06:30 ET drop.
• Bollinger Band contraction followed by expansion indicates a potential breakout or breakdown in the coming 24 hours.
• Fibonacci retracement levels at 0.618 and 0.627 suggest critical price points for near-term directional bias.

Radworks/Tether (RADUSDT) opened at 0.673 on 2025-09-21 at 12:00 ET and closed at 0.619 on 2025-09-22 at 12:00 ET, with a 24-hour high of 0.676 and a low of 0.611. Total volume across the 24-hour period amounted to 813,155.8, while notional turnover reached $493,378.1. The pair has experienced a bearish continuation, with momentum indicators and volume patterns reinforcing downside pressure.

Structure & Formations

The price action has shown a clear bearish bias over the last 24 hours, with several bearish engulfing patterns and long lower shadows indicating rejection of higher prices. Key support levels have been identified at 0.617–0.618 and 0.614, while the 0.627 level acts as a potential resistance zone if a rebound occurs. A doji formed near 0.622 suggests indecision, but this was quickly followed by a sharp decline, reinforcing the bearish momentum.

Moving Averages

On the 15-minute chart, the price has remained below both the 20-EMA and 50-EMA, reinforcing the downtrend. On the daily chart, the 50, 100, and 200-SMA lines are all trending lower, indicating that the short- and medium-term bearish trend is intact. The price appears to be in a bearish phase, with the 50-SMA acting as a dynamic resistance level.

MACD & RSI

The 15-minute MACD has shown bearish divergence, with the histogram decreasing in width during the latest downswing. RSI has been in oversold territory for much of the last 24 hours, currently hovering around 28, suggesting that a short-term bounce may be possible. However, the bearish momentum remains strong, and a sustained move back above 0.627 would be needed for a meaningful reversal.

Bollinger Bands

Volatility has increased significantly, with the Bollinger Bands widening after a contraction earlier in the session. The price is currently near the lower band, indicating a potential continuation of the downtrend. A move beyond the lower band could trigger a test of the next support level at 0.614. The widening bands also suggest increased market uncertainty and a higher likelihood of a directional breakout.

Volume & Turnover

Volume has spiked multiple times during the downtrend, particularly during the sharp drop from 0.643 to 0.627 in early hours. This strong volume confirms the bearish pressure rather than indicating a potential reversal. The increase in notional turnover has aligned with the price decline, suggesting that selling pressure is broad-based and not confined to a single market segment.

Fibonacci Retracements

Applying Fibonacci retracement levels to the most recent swing from 0.676 to 0.611, the 38.2% level sits at 0.634 and the 61.8% level at 0.623. These levels have acted as dynamic resistance and support points. The current price near 0.619 is approaching the 61.8% level, which may serve as a critical point for near-term directional bias.

Backtest Hypothesis

The backtesting strategy described focuses on identifying key support and resistance levels, particularly the 61.8% Fibonacci retracement level and the Bollinger Band lower bound, to execute potential short trades. A trigger would occur when the price breaks below the 61.8% level with increasing volume and confirmed by RSI remaining in oversold territory for two consecutive periods. A stop-loss is placed above the nearest resistance level, while a take-profit target is set at the next support level or a Fibonacci extension. This strategy aligns well with the current bearish structure observed in the 15-minute and daily charts. The alignment of technical indicators and volume patterns provides a solid foundation for testing such a hypothesis.