Market Overview for Raydium/Tether (RAYUSDT) on 2025-09-28

Generated by AI AgentTradeCipher
Sunday, Sep 28, 2025 7:22 pm ET1min read
Aime RobotAime Summary

- RAYUSDT fell 4.15% to $2.52, showing sharp bearish momentum with oversold RSI and expanding Bollinger Bands.

- Volume surged during the selloff, confirming bearish bias as price broke below key support levels at $2.55 and $2.525.

- Technical indicators aligned bearishly: 50/100/200 EMA structure, MACD divergence, and failed bullish reversals near $2.62 resistance.

- Fibonacci retracement highlights $2.525 as critical support, with potential rebound tests at 50% level ($2.58) before resuming downward trend.

• Price declined sharply from $2.63 to $2.52, forming a bearish trend with a 4.15% drop by 10:15 AM ET.
• Volatility spiked during the selloff, with RSI hitting oversold territory below 30, suggesting potential rebound.
• Bollinger Bands showed contraction ahead of the sell-off, followed by a sharp expansion confirming increased volatility.
• Volume surged during the decline, aligning with price action and reinforcing bearish momentum.
• Fibonacci retracement levels highlight potential support zones around $2.55 and $2.525.

The 24-hour session for Raydium/Tether (RAYUSDT) opened at $2.616 at 12:00 ET - 1 and closed at $2.581 by 12:00 ET. The pair reached a high of $2.639 and a low of $2.521, reflecting a sharp bearish bias. Total volume was 434,833.9 with a notional turnover of $1,116,584.7, indicating significant activity during the price drop.

Structure and candle formations showed a clear bearish bias over the past 24 hours. A sharp decline emerged after a consolidation phase, forming a bearish breakout pattern. Notable bearish engulfing patterns were observed around the $2.61 to $2.63 range. Additionally, the price failed to form a bullish reversal pattern near key resistance, suggesting continuation of downward pressure. Key support levels include $2.60 (initial stop), $2.55 (intermediate), and $2.525 (strong support). Resistance remains at $2.62 and $2.64, with a failed attempt to reclaim these levels reinforcing bearish sentiment.

The 15-minute 20- and 50-period moving averages both trended downward, aligning with the bearish bias. The daily 50/100/200 EMA structure showed a similar bearish alignment, with the price trading below all three. This suggests a continuation of bearish momentum. The RSI dropped into oversold territory below 30 during the selloff, signaling potential near-term reversal, while the MACD line crossed below the signal line, confirming the bearish divergence. Volatility, as measured by Bollinger Bands, contracted ahead of the price drop, then expanded dramatically during the selloff, confirming heightened trading activity.

Volume spiked during the key selloff hours, particularly from 1:15 AM to 10:15 AM ET, coinciding with the drop from $2.61 to $2.52. The increase in volume during the decline supports the bearish momentum. However, the price and volume did not show any strong divergence. The 24-hour turnover was concentrated in the downward phase, reinforcing the bearish trend. The price remains within the Bollinger Band lower channel, indicating a period of consolidation may follow.

Fibonacci retracement levels for the 15-minute chart show that the price tested 61.8% ($2.556) and 78.6% ($2.532) before bouncing slightly. On the daily timeframe, a major retracement level at $2.525 appears to be a key support. These levels may act as critical psychological barriers for near-term trading decisions. The price may test the 50% Fibonacci level at $2.58 to determine whether a short-term rebound is possible before resuming the bearish trend.