Market Overview for Radworks/Tether (RADUSDT): 24-Hour Price Drop and Key Technical Levels

• Radworks/Tether (RADUSDT) fell from 0.613 to 0.499 over 24 hours amid a large bearish candle and volume spikes.
• A 38% drop in price was accompanied by a 5.2x increase in volume, suggesting strong conviction in the move.
• RSI (14) is in oversold territory (<30), indicating a possible short-term bounce.
• Bollinger Bands show a significant expansion, reflecting heightened volatility in the pair.
• A strong Fibonacci 61.8% level at 0.485 may hold key significance for near-term support.

RADUSDT opened at 0.611 on 2025-10-10 12:00 ET, hit a high of 0.613, fell to a low of 0.254 during the session, and closed at 0.499 as of 2025-10-11 12:00 ET. Total 24-hour volume reached 4.77M, with a notional turnover of $2.39M. The sharp drop and volume surge suggest significant bearish conviction.

Structure & Formations
The price of RADUSDT experienced a sharp bearish breakdown from ~0.610 to ~0.499 over 24 hours, forming a large bearish candle on the 15-minute chart. A strong bearish engulfing pattern appeared between 2025-10-10 21:15 and 21:30 ET, with the open at 0.577 and close at 0.362. The price has since been consolidating between 0.470 and 0.497, with potential support at 0.470 and resistance at 0.497. A notable doji formed around 0.471 during the consolidation phase, indicating indecision.

Moving Averages
On the 15-minute chart, the 20SMA is below the 50SMA, confirming the bearish bias. The 20SMA is currently around 0.483, and the 50SMA is at ~0.480. On the daily chart, the 50DMA and 200DMA are well above the current price, reinforcing the bearish trend. The 50DMA is at ~0.560, while the 200DMA is at ~0.600.

MACD & RSI
The MACD line turned negative and is below the signal line, suggesting continued bearish momentum. The histogram is expanding in the negative territory, confirming the strength of the sell-off. The RSI has dropped into oversold territory (~29), signaling the possibility of a short-term bounce. However, without a significant break above 0.497, the RSI may not rebound much beyond neutral levels.

Bollinger Bands
Bollinger Bands have widened significantly, reflecting increased volatility. The price is currently near the lower band (~0.470), indicating potential support. If the price holds above 0.470, a retest of the middle band (~0.485) could occur. A break below 0.470 would point to further downside to 0.450 or 0.430.

Volume & Turnover
Volume surged to over 462,158.7 at 21:30 ET during the sharp decline, while notional turnover reached $260,000 at that time. The volume has remained relatively high in the consolidation phase (~30k–100k per 15 minutes), suggesting ongoing bearish pressure. However, the price has not continued lower despite the volume, hinting at a potential reversal or consolidation phase ahead.

Fibonacci Retracements
Applying Fibonacci retracement levels to the swing from 0.613 to 0.254, the key levels are as follows:
- 23.6% = 0.561
- 38.2% = 0.512
- 61.8% = 0.449
- 78.6% = 0.379
The current price at 0.499 is near the 38.2% level, which could serve as a temporary support/resistance. A break below 0.449 would signal a deeper bearish move.

Backtest Hypothesis
Given the current bearish structure, a potential backtesting strategy could involve a short position on a break below 0.449, with a stop above the 0.470–0.475 range and a target at 0.379. This would require confirmation from the RSI and MACD, which should remain bearish during the move. Alternatively, a long position could be considered on a rebound above 0.497, targeting 0.512 and 0.561, but this requires strong volume and momentum confirmation.