Market Overview for Radworks/Tether (RADUSDT) – 24-Hour Summary

• Price traded in a tight range with 0.505–0.516 as key levels.
• Volatility surged during the 20:45 ET candle as price jumped to 0.53.
• RSI indicated overbought conditions during the spike, followed by rapid retracement.
• Volume surged on the 20:45–21:00 ET rally but declined afterward, signaling weak follow-through.
• A bearish engulfing pattern formed near 0.53, suggesting near-term bearish bias.

RADUSDT opened at 0.509 on 2025-10-27 at 12:00 ET and traded between 0.505 and 0.548, closing at 0.507 as of 12:00 ET on 2025-10-28. Total volume for the 24-hour period was 3,174,990 units with a notional turnover of $1,607,360. The price action reflects a volatile session driven by a sharp intraday spike, followed by rapid consolidation.

Structure & Formations

The price formed a distinct bearish engulfing pattern near the high of 0.53, suggesting a short-term reversal from bullish to bearish momentum. A key support level appears to be forming around 0.51, which the price tested multiple times during the consolidation phase. The 0.512–0.516 range acted as a minor resistance during the final hours of the session. A doji near 0.516 at the end of the day may signal indecision and a potential pullback in the near term.

Moving Averages, MACD & RSI

On the 15-minute chart, the 20-period and 50-period moving averages crossed during the 20:45–21:00 ET rally, indicating a temporary bullish momentum. However, the MACD histogram quickly declined after the peak, signaling a loss of bullish strength. The RSI hit overbought territory during the spike, peaking around 85 before rapidly retreating, hinting at a short-lived rally. On the daily chart, the price remains below the 50-period MA, reinforcing a bearish bias for the longer term.

Bollinger Bands & Volatility

Bollinger Bands reflected a significant expansion during the intraday spike, with the price closing near the upper band. This suggests high volatility and potential for a retracement toward the lower band or the middle MA. The following hours saw a contraction in volatility, with the price consolidating in the middle of the bands. This consolidation could be a precursor to a breakout or a continuation of the current range.

Volume & Turnover Divergences

Volume surged during the 20:45–21:00 ET rally with a turnover of $172,604, but declined afterward despite the price continuing to move lower, indicating a bearish divergence. The bearish engulfing pattern was accompanied by high volume, reinforcing the validity of the pattern. However, the subsequent decline in volume during the consolidation phase suggests a lack of conviction in the bearish move.

Fibonacci Retracements

Applying Fibonacci retracements to the key intraday swing from 0.512 to 0.548 shows that the 61.8% level is around 0.531. The price failed to hold this level, retreating toward the 50% retracement at 0.529. The 38.2% level of 0.525 appears to have provided some support during the consolidation phase. The next support level appears to be the 0.51 level, which the price could retest in the near term.

Backtest Hypothesis

The backtesting strategy assumed a 3-day maximum holding period, aligning with the observed short-term volatility and rapid retracements in the 15-minute chart. The bearish engulfing pattern and divergence in volume and RSI would have triggered a sell signal around 0.53. A stop-loss placed above 0.54 or below 0.51 could have limited downside risk while capturing the retracement. The consolidation phase and the doji suggest that the strategy should include an exit rule for consolidation or indecision, such as a trailing stop or a time-based exit after 72 hours. The results of such a strategy could have captured a significant portion of the retracement from 0.53 to 0.51.