Market Overview: Raydium/Tether (RAYUSDT) on 2025-12-29

Summary
• Raydium/Tether (RAYUSDT) traded in a range between $0.915 and $0.955, with key resistance at $0.936 and support at $0.925.
• A strong bearish engulfing pattern formed during the early ET session, followed by a bullish reversal near the 24-hour low.
• Volume spiked during the 00:30–00:45 ET session, coinciding with a sharp price move above $0.945.
• RSI entered oversold territory near $0.922 and later rebounded into neutral range, suggesting short-term stabilization.
• Bollinger Bands widened significantly after 00:30 ET, indicating increased volatility and potential for continuation or reversal.

Raydium/Tether (RAYUSDT) opened at $0.935 on 2025-12-28 12:00 ET, reached a high of $0.955, a low of $0.915, and closed at $0.927 on 2025-12-29 12:00 ET. Total volume amounted to 749,336.0 and turnover stood at $688,567.7083 over the 24-hour window.

Structure and Price Action

Price action showed a bearish breakdown from the $0.936–0.945 range early in the session, with a bullish reversal emerging after hitting the 24-hour low near $0.915. A key support level at $0.925 held during the late ET hours, while resistance was retested near $0.936 and $0.945. A bearish engulfing pattern appeared during the 18:30–19:00 ET session, signaling potential short-term weakness.

Momentum and Volatility

The 20-period and 50-period moving averages on the 5-minute chart intersected multiple times, indicating a choppy, trendless environment. RSI bottomed near oversold territory (~25) at $0.922 and then rebounded into neutral territory, suggesting a potential short-term bounce. MACD showed mixed signals with a narrowing histogram before a bullish crossover in the early hours of 2025-12-29. Bollinger Bands expanded sharply after 00:30 ET, reflecting rising volatility and potential for a directional move.

Volume and Turnover

Volume surged during the 00:30–00:45 ET session as price pushed above $0.945, with over 64,776.0 traded. Notional turnover also spiked during that period, aligning with price action. A divergence appeared in the late ET hours where price rose but volume waned, suggesting possible weakening momentum. The 24-hour volume was well distributed, with no single candle driving the majority of turnover.

Fibonacci Retracements

On the 5-minute chart, price pulled back to the 61.8% Fibonacci level after a sharp rally, indicating strong internal resistance at $0.945. Daily retracement levels showed a possible support at $0.925 (38.2%) and a key resistance at $0.936 (61.8%). These levels may influence near-term direction if approached again.

Looking ahead, Raydium/Tether may test the $0.925 support and $0.936 resistance levels over the next 24 hours, with potential for a breakout or consolidation. Investors should remain cautious about divergence in the late session and watch for any break above $0.945 as a bullish signal.