Market Overview for Radworks/Tether (RADUSDT): 24-Hour Action to 12:00 ET

• Price rose from 0.64 to 0.648 on strong volume in late ET trading before consolidating near 0.64.
• A bullish engulfing pattern formed around 19:15 ET, followed by a brief reversal.
• Volatility increased midday but waned in early AM, with volume remaining above average.
• RSI showed overbought conditions twice during the 24-hour window, with no strong divergence.
• Bollinger Bands expanded in the early ET hours, then contracted sharply overnight.

RADUSDT opened at 0.64 on 2025-10-02 at 12:00 ET, reached a high of 0.651, dipped to a low of 0.636, and closed at 0.64 at 12:00 ET the following day. Total volume across the 24-hour window was approximately 407,867.6, and notional turnover amounted to 256.99 (based on 15-minute OHLCV data). The pair exhibited a mix of bullish and bearish momentum, with notable pattern formation and volatility shifts.

Structure & Formations

The 24-hour chart showed a key support level forming around 0.64, with the price testing this area multiple times in the early ET hours before bouncing. A bullish engulfing candle appeared at 19:15 ET (0.645 open, 0.649 close), suggesting a short-term reversal. Later, a doji formed near 0.65 in early AM ET, indicating indecision and potential for a pullback. The price action also showed a descending triangle pattern forming in the 0.642–0.648 range, which could signal a breakout or reversal.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line in the midday hours, signaling a short-term bullish bias. However, by late ET, the 50-period line crossed above the 20-period, indicating a bearish shift. On the daily chart, the 50-period line remained below the 200-period, reinforcing a longer-term bearish trend, though the 100-period line showed slight improvement in the final hours of the 24-hour window.

MACD & RSI

MACD showed a bullish crossover in the early ET hours, followed by a bearish crossover in late ET as momentum waned. RSI reached overbought territory above 65 twice: once at 19:30 ET and again at 23:45 ET, with no strong divergence observed in price action during those times. The RSI closed near 50, suggesting balanced momentum with no clear overbought or oversold conditions at the 24-hour close.

Bollinger Bands

Bollinger Bands expanded significantly in the midday hours, with the price rising above the upper band for a brief period before retracting. This expansion indicated increased volatility. Overnight, the bands contracted sharply, with the price staying within the mid-band range. This suggests reduced volatility and a potential consolidation phase.

Volume & Turnover

Volume spiked during key pattern formation, such as the bullish engulfing candle at 19:15 ET and the doji at 02:45 ET, indicating strong trader interest. Notional turnover followed a similar pattern, with the largest spikes occurring during the same periods. No major divergences were noted between price and volume, suggesting the price moves were broadly supported by underlying market activity.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from 0.64 to 0.651, the price retested the 61.8% (0.646) and 38.2% (0.644) levels multiple times. The 0.64 level appeared as a strong support area on the daily chart. On the 15-minute timeframe, the 61.8% retracement may serve as a potential resistance if the price attempts to rally again in the next 24 hours.

Backtest Hypothesis

A potential backtest could explore a strategy that enters long at the close of a bullish engulfing candle followed by a volume spike, with a stop-loss placed below the low of the engulfing candle and a take-profit at the 61.8% Fibonacci level. The 15-minute timeframe suggests this pattern could be tested for its effectiveness in capturing short-term momentum. Given the recent behavior of RADUSDT, such a strategy appears to align with the observed volatility and pattern formation, offering a testable hypothesis for high-probability entries in volatile conditions.