Market Overview for Radworks/Tether (RADUSDT) on 2025-10-08

• Price action shows a bullish reversal in early ET, followed by consolidation and a breakout to the upside in the afternoon.
• Momentum indicators confirm a shift from oversold conditions to overbought territory, suggesting short-term volatility.
• Bollinger Bands show expansion in the last 6 hours, indicating heightened market participation.
• Volume spiked to over 100k in the early afternoon, aligning with a 0.63–0.64 price push.
• Divergences between volume and price are minimal, with strong volume confirming the recent breakout.

The Radworks/Tether (RADUSDT) pair opened at 0.621 on 2025-10-07 12:00 ET and reached a 24-hour high of 0.64 before closing at 0.631 on 2025-10-08 12:00 ET. The total volume for the period was 586,643.1, and the notional turnover amounted to approximately 359,156.6.

Structure & Formations

Key support levels emerged around 0.615–0.617 during overnight trading, with a notable bearish engulfing pattern forming at 0.620 in the early hours. The price rebounded from this zone and showed a bullish continuation with a higher high and close in the late morning. A morning session doji at 0.625 suggests indecision, but this was quickly resolved with a strong breakout after 10:00 AM ET.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA) crossed above the 50-period SMA in the morning, indicating a short-term bullish bias. The 50-period SMA on the daily chart remains below the 100 and 200-period lines, suggesting longer-term sideways bias, though the 50-period line is approaching the 200-period from below—hinting at potential support conversion.

MACD & RSI

MACD showed a bullish crossover around 08:00 ET, confirming the upward momentum, followed by a divergence as the RSI hit overbought territory (above 65) by 11:00 AM ET. The RSI then pulled back below 60, suggesting the overbought conditions may have subsided, but not without a sharp rebound. This could indicate that the pair is consolidating after the morning breakout.

Bollinger Bands

Volatility expanded sharply from 10:30 AM ET onward, with the upper band reaching 0.64. Price closed near the middle band at 0.631, indicating moderate strength and a potential continuation of the recent trend. The lower band remained around 0.62, forming a key area of interest for potential retests.

Volume & Turnover

Volume surged over 100k at 10:45 AM ET with the price breaking to 0.639, confirming strong buying interest. However, volume dipped slightly in the afternoon after hitting the overbought RSI level, suggesting some profit-taking. Notional turnover followed a similar pattern, with a peak of approximately 67,000 Tether units at 10:45 AM ET.

Fibonacci Retracements

On the 15-minute chart, the 0.621–0.640 swing saw a retest of the 61.8% level at 0.631, which coincided with the close. This suggests the pair may consolidate around 0.631 before testing the next resistance at 0.635. Daily Fibonacci levels from the broader swing suggest that 0.631 is a key psychological level that could see repeated buying pressure.

Backtest Hypothesis

Given the observed price action and technical signals, a backtest strategy could be constructed based on the morning bullish breakout and overbought reversal. A potential entry point could be at the 61.8% retracement level (0.631) on a bullish breakout confirmation (close above 0.633), with a stop-loss placed below 0.628. The target could be the 0.640 level, as seen in the morning spike. This aligns with the observed RSI and MACD signals, offering a favorable risk-reward setup with defined entry, stop, and target levels.