Market Overview for Radworks/Tether (RADUSDT) – October 30, 2025

• Price declined from 0.483 to 0.454 over 24 hours with a key bearish reversal pattern.
• High volume driven by large swings in the 20–22:00 ET window, particularly in the 22:15–22:45 ET range.
• RSI shows oversold conditions near 30, suggesting potential for a short-term bounce.
• Volatility expanded as price moved outside upper and lower Bollinger Bands during key sessions.
• Fibonacci levels near 0.469 and 0.451 mark key support areas for near-term bearish pressure.

Radworks/Tether (RADUSDT) opened at 0.483 on October 29 at 12:00 ET and closed at 0.454 on October 30 at 12:00 ET, with a 24-hour high of 0.499 and a low of 0.451. The total 24-hour volume was approximately 2,383,825.3, while the notional turnover was estimated at $1,165,374.8 based on weighted averages. The pair exhibited a distinct bearish bias, with price sinking below key support levels and a large bearish engulfing pattern forming at the session high.

Structure and formations over the 24-hour period indicate that the price has been under strong bearish pressure following a failed attempt to retest the 0.49–0.493 resistance zone. A bearish engulfing pattern formed on October 29 at 22:15 ET, with a high of 0.499 and a close of 0.493, which was followed by a sharp decline toward the 0.473–0.476 support zone. A key breakdown below 0.473 at 05:15 ET marked the start of a broader selloff that accelerated into the early hours of October 30. Notable bearish patterns include a long-legged doji at 07:15 ET and a bearish harami near 08:30 ET, both suggesting internal bearish conviction.

The 20-period and 50-period moving averages on the 15-minute chart remained bearish, with the 50-period line pulling below the 20-period line early in the session, signaling a short-term bearish crossover. On the daily chart, the 50/100/200-period lines remain in a bearish alignment, with the 200-period line acting as a strong overhead resistance near 0.48–0.485. Momentum indicators reinforce the bearish tone: the MACD crossed below the signal line on October 29 in the late afternoon, while the RSI dipped to oversold territory around 30–35 during the early morning hours of October 30. This could hint at short-term buying interest, though sustained strength remains in question.

Bollinger Bands showed a marked expansion during the critical 22:00–23:30 ET window, with price breaking out to the downside after a period of consolidation. The 0.454 low on October 30 marked a move well below the lower band, suggesting increased volatility and bearish momentum. Fibonacci retracement levels from the 0.451–0.499 swing highlight key areas to watch: the 61.8% level at 0.473 was breached early on October 30, and the 38.2% level at 0.478 may now act as a short-term support. Looking at daily swings, the 0.451–0.499 range defines the most recent 24-hour cycle, with 0.469 (38.2%) and 0.451 (61.8%) as critical support areas.

Volume and notional turnover spiked during the 22:00–23:45 ET window, particularly around the 22:15–22:30 ET and 22:45–23:00 ET periods, coinciding with the breakdown of the 0.473 support. The large volume at these points confirmed the bearish sentiment. However, the price continued lower beyond this level without a corresponding increase in volume, indicating potential exhaustion. The 05:15–06:15 ET period also saw elevated volume amid the 0.473–0.476 breakdown, but again, the price continued lower, raising questions about the strength of buyers.

Backtest Hypothesis

The backtesting analysis of the Bearish Engulfing pattern combined with a sell strategy at the next support level reveals a mixed outcome. While the pattern formed on October 29 at 22:15 ET could have triggered an entry at 0.499, the subsequent price action dropped sharply to 0.454, crossing multiple support levels before stabilizing. The strategy’s exit would have occurred either at the next support level (e.g., 0.473) or 10 days later, whichever came first. In this case, the price broke below 0.473, triggering an exit at the 0.451–0.469 range. This trade would have resulted in a loss of approximately 9.8%, aligning with the strategy’s average negative return of -12.5% per trade. The pattern’s effectiveness is tempered by the need to accurately identify support levels, which can shift rapidly in a highly volatile market. The strategy’s success is also contingent on the strength of the bearish reversal signal and the market context. While this trade may have been a losing one, the broader context of the 24-hour decline highlights the importance of combining this approach with broader market analysis and risk management.