Market Overview: Raydium/Tether (RAYUSDT) – 2025-11-05

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Wednesday, Nov 5, 2025 5:37 pm ET1min read
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- RAYUSDT fell to $1.23 before rebounding to $1.354, forming bearish and bullish engulfing patterns.

- Surging volume during key price swings highlighted volatility, with RSI hitting overbought levels and MACD showing bullish crossovers.

- Bollinger Bands reflected extreme price swings, while Fibonacci levels suggested potential retesting of the 61.8% retracement.

- A backtest of RSI-based strategies (30/70 thresholds) could validate entry/exit signals amid shifting short-term momentum.

• Raydium/Tether (RAYUSDT) dropped to a 24-hour low of $1.23 before recovering to $1.354.
• A strong bearish candlestick pattern emerged in the early session, followed by a bullish reversal in the final hours.
• Volume surged at key turning points, especially during the 19:00–20:00 ET price drop and the late rebound.
• RSI and MACD signals suggest recent momentum is shifting to overbought territory, hinting at potential near-term profit-taking.
• Volatility expanded through the session, with price testing both the upper and lower Bollinger Bands multiple times.

The 24-hour session for Raydium/Tether (RAYUSDT) opened at $1.35 and closed at $1.354 by 12:00 ET. The pair hit a low of $1.23 and a high of $1.351, with total traded volume of 4,216,640 and notional turnover of 5,711,772. Price action showed a bearish breakdown from key support followed by a late rally, suggesting a potential shift in sentiment.

Price structure formed multiple bearish and bullish engulfing patterns, particularly after the low of $1.23. A strong bearish reversal occurred at the 19:00–20:00 ET timeframe, followed by a bullish bounce in the final hours. The 20- and 50-period moving averages on the 15-minute chart were closely aligned with price, suggesting strong short-term directional momentum. Meanwhile, the 50-period daily MA sat below the 200-period MA, indicating a longer-term bearish bias.

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MACD showed a bullish crossover in the final hours, supporting the price reversal, while RSI pushed into overbought territory, suggesting potential for short-term correction. Bollinger Bands reflected increasing volatility, with price moving between the outer bands on several occasions. Fibonacci retracement levels showed significant action near the 61.8% level during the late rally, indicating a possible retesting of that level ahead.

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Backtest Hypothesis

Given the observed bearish breakdown and subsequent bullish reversal in RAYUSDT, a backtest of an RSI-based strategy could be useful to assess entry and exit signals. For RAYUSDT, the standard RSI-14 thresholds (30 for oversold, 70 for overbought) may provide meaningful signals. A strategy could involve entering long positions when RSI crosses above 30 and exiting when it reaches 70. Conversely, short positions could be initiated at RSI overbought levels and exited at oversold levels. Using a spot pair like RAY/USDT (Binance) may provide more reliable RSI time-series data. Adjusting thresholds (e.g., 20/80) could also be explored to better suit the pair’s volatility. Further testing using these parameters could refine the strategy’s risk-reward profile.