Market Overview: Radworks/Tether (RADUSDT) 24-Hour Summary as of 2025-10-04

• • Price action shows bearish consolidation with a low of 0.629 and a high of 0.653
• • RSI and MACD suggest weakening momentum, hinting at possible oversold conditions
• • Volume surged near the end of the session, indicating renewed short-term interest
• • Bollinger Bands show moderate volatility with price hovering near the lower band
• • A 15-minute bullish engulfing pattern appeared around 0.635–0.637, suggesting minor support

RADUSDT opened at 0.646 on 2025-10-03 16:00 ET and closed at 0.629 as of 2025-10-04 16:00 ET, with a high of 0.653 and low of 0.629. Total volume was 393,876.2 and notional turnover amounted to 65,082.4 during the 24-hour period. The pair exhibited a bearish bias over the session, with a late surge in volume hinting at renewed interest.

Structure & Formations

Key support levels emerged at 0.635–0.637, where a bullish engulfing pattern formed, suggesting potential short-term resilience. Resistance appears to be consolidating around 0.648–0.650, which has been repeatedly tested but not broken through. A doji formed at 0.648 in early evening trading, hinting at indecision among traders. The price remains under pressure as it tests the 0.630 psychological level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs show the price has been trading below both, reinforcing the bearish bias. For daily charts, the 50/100/200-period SMAs are not available for this dataset, but the prevailing trend suggests further support testing ahead. The 50-period MA crossed below the 20-period MA, forming a death cross on the short-term chart.

MACD & RSI

The MACD line remains negative, with the signal line pulling down, reinforcing bearish momentum. RSI has dipped below 30, indicating an oversold condition that could prompt a short-term rebound. However, the RSI divergence is weak, and the price may not find strong support without further volume confirmation.

Bollinger Bands

Volatility remains moderate, with the bands expanding slightly during the late trading hours. The price has been hovering near the lower band for most of the session, particularly in the 0.630–0.635 range. This could indicate a potential bounce off the lower boundary, although a break below would confirm further bearish bias.

Volume & Turnover

Volume surged significantly in the final hours of the session, especially after 0.630–0.635, with notable turnover spikes near the 0.632–0.634 range. The increased volume did not lead to higher prices, indicating bearish conviction among sellers. This divergence between price and volume may support a continuation of the downward trend.

Fibonacci Retracements

Recent 15-minute swings from 0.653–0.630 align with key Fibonacci levels at 38.2% (0.642) and 61.8% (0.637). The 0.637 level has shown minor support and could act as a temporary floor if the trend stabilizes. Daily retracements are not fully available due to missing prior daily data but appear to be aligned with the 0.630–0.640 range.

Looking ahead, the next 24 hours may see a test of the 0.630 level, with a possible bounce or breakdown expected. A sustained move above 0.637–0.640 could signal a temporary reversal, but bearish momentum remains strong. Investors should monitor the RSI and volume dynamics closely for confirmation of any turning point.

Backtest Hypothesis

Based on the observed bearish trend and the RSI reaching oversold levels, a potential backtesting strategy could involve a short-term reversal trade. This would involve entering a long position on a bullish breakout above 0.637–0.640, with a stop-loss just below 0.630. The target would be set at 0.642–0.644 using Fibonacci levels as a guide. Given the high volume near the 0.630–0.637 range, any bullish confirmation on the RSI and volume would increase the probability of success. However, the continued pressure on the lower band and negative MACD suggest a cautious approach, with a time horizon of 4–6 hours.