Market Overview for Raydium/Tether (RAYUSDT) – 2025-10-28

• Raydium/Tether (RAYUSDT) opened at 1.856 and closed at 1.847, with a high of 1.899 and low of 1.816 over 24 hours.
• Price action shows strong bearish momentum mid-day, with a recovery attempt in the afternoon and sharp late buying into 1.925.
• Volatility spiked with 1.925 high and 1.816 low, as volume surged during the 14:30–14:45 ET session.
• Turnover reached a peak with a 14:30 ET candle printing 177,899.4 volume, reflecting a large sell-off followed by aggressive buying.
• Key resistance at 1.892 and support at 1.843 appear to anchor price movement on a 15-minute timeframe.

24-Hour Price Action Summary

RAYUSDT opened at 1.856 on October 27, 12:00 ET, and closed at 1.847 on October 28, 12:00 ET. The pair reached an intraday high of 1.925 and a low of 1.816. Total volume across the 24-hour period amounted to 1,063,066.6 units, with a total turnover of approximately 1,909,485.4 USD-equivalent. Price displayed sharp corrective behavior, especially during the 14:30–14:45 ET window, and formed a bullish reversal pattern late in the session.

Structure & Formations

Price developed key resistance levels at 1.892 and 1.863, with 1.843 acting as a strong support zone. Notable patterns include a bearish engulfing candle at 14:30 ET, followed by a bullish engulfing pattern at 14:45 ET. A morning session doji at 00:45 ET and a late-night doji at 10:45 ET suggest indecision among traders.

Moving Averages

On the 15-minute chart, price briefly crossed above the 20-period and 50-period moving averages, indicating short-term bullish momentum after the 14:45 ET reversal. However, the 50-period line remains above the 20-period, signaling a bearish bias in the near-term trend.

MACD & RSI

The MACD crossed from negative to positive territory during the 14:45–15:00 ET session, aligning with the sharp upmove. The RSI (14) dipped into oversold territory (30) around 06:00 ET but failed to close above the 50 level, indicating a lack of sustained bullish conviction. By 14:45 ET, RSI spiked above 70, suggesting potential overbought conditions.

Bollinger Bands & Volatility

Volatility expanded dramatically in the 14:30–15:00 ET window, with the upper band reaching 1.925 and the lower band touching 1.816. Price spent much of the session within the bands, but the wide range between the bands reflects significant market uncertainty. A contraction is expected in the near term unless further macro events drive divergence.

Volume & Turnover

Volume spiked during the 14:30 ET candle, with 177,899.4 units traded, followed by another large volume print at 15:45 ET (76,053.6 units). Turnover aligned with the price movement, confirming the sharp reversal. However, divergence between price and volume emerged in the final hour, suggesting weakening bullish momentum.

Fibonacci Retracements

Fibonacci retracement levels drawn from the 1.816 low to the 1.925 high highlight key levels at 1.867 (38.2%), 1.889 (50%), and 1.899 (61.8%). The 50% and 61.8% levels have held as resistance, with price rebounding off the 1.892 zone on multiple occasions.

Backtest Hypothesis

Given the observed price behavior and RSI overbought/oversold extremes, a potential backtesting strategy could leverage RSI (14) signals for RAYUSDT, using close prices and 30/70 thresholds. A long entry could be triggered when RSI dips below 30 and closes above the 50-period moving average, with an exit at 70 or a trailing stop at 1.843. A short position could be initiated when RSI crosses above 70 and closes below the 50-period MA, with a stop at 1.892. This strategy would need to be backtested from 2022-01-01 through 2025-10-28 to assess viability and optimize for risk management.