Market Overview for Radworks/Tether (RADUSDT)

Summary
• Price tested key support at $0.253–$0.255 and bounced back with strong volume.
• RSI and MACD show weakening bearish momentum, hinting at short-term stabilization.
• Bollinger Band contraction suggests potential volatility expansion ahead.

RADUSDT opened at $0.267 at 12:00 ET − 1, reaching a high of $0.268 before falling to a low of $0.251, and closing at $0.253 by 12:00 ET. Total volume reached 998,757.0, with notional turnover estimated at $256,942.

Structure & Formations

Price formed multiple bullish reversal patterns, including a morning star and small bullish engulfing patterns near the $0.253–$0.255 range, suggesting a short-term floor. A key resistance appears to be forming near $0.257–$0.258, where the price stalled on multiple occasions.

Moving Averages

On the 5-minute chart, the 20-period SMA crossed above the 50-period SMA twice in the early hours, signaling potential short-term bullish momentum.

On the daily chart, the price remains below both the 50 and 200-day SMAs, indicating longer-term bearish bias.

MACD & RSI

The MACD turned positive after 08:00 ET and maintained a bullish crossover, suggesting renewed buyer interest. RSI approached the 40–50 neutral zone, indicating that the market may be stabilizing, though remains in a moderate oversold region.

Bollinger Bands

Volatility appeared to contract between 05:00 and 08:00 ET, followed by a sharp expansion as prices moved above the lower band. Price action is currently consolidating within the bands, with the midline acting as dynamic support near $0.254.

Volume & Turnover

Volume surged near the $0.253 level in the early hours, particularly between 02:30 and 06:00 ET, confirming the strength of the support area. Notional turnover spiked alongside this volume, indicating increased conviction in the $0.253–$0.255 range.

Fibonacci Retracements

A key 50% Fibonacci retracement level at $0.255 served as a pivot point for the past 24 hours. The 61.8% level at $0.261 has also shown resistance, with price failing to break through multiple times.

Looking ahead, buyers may attempt another push toward $0.257–$0.258 in the next 24 hours, though a break below $0.253 could trigger a test of the next Fibonacci level at $0.249. As always, investors should remain cautious of sudden volume spikes and divergences.