Market Overview for Raydium/Tether (RAYUSDT) on 2025-12-31

Summary
• Price declined from 0.911 to 0.88, forming bearish reversal patterns.
• Volume surged on the downward leg, confirming bearish momentum.
• RSI and MACD signaled overbought levels early, then reversed sharply.
• Bollinger Bands showed expansion during the sell-off, suggesting heightened volatility.
• Fibonacci retracements indicate potential support at 0.873 and 0.861.

The RAYUSDT pair opened at 0.911 on 2025-12-30 at 12:00 ET and closed at 0.88 by 12:00 ET on 2025-12-31, with a high of 0.912 and a low of 0.873. The 24-hour trading volume was approximately 96936.8 units, while turnover reached 85361.6552 USD.

Structure & Formations

The price action formed several bearish patterns, including a long-legged doji near 0.903 and an engulfing pattern during the early morning hours. A key support level appears to be forming at 0.873, the lowest point in the period, while resistance is found at 0.903.

Moving Averages and Momentum

Short-term averages such as the 20- and 50-period lines on the 5-minute chart have been bearishly positioned throughout the session, confirming the downtrend. The 50-period daily moving average may serve as a pivot level in the coming sessions. RSI dropped from overbought levels to oversold territory, indicating potential exhaustion of the bearish move.

Volatility and Volume

Volatility increased significantly, especially after 16:30 ET, as Bollinger Bands expanded. A massive 96,936.8 volume candle at 16:45 ET suggests strong participation in the selloff. Turnover surged to 85,361.66 USD during that period, reinforcing the bearish move.

Key Levels and Outlook

Fibonacci retracement levels from the 0.873 to 0.912 swing suggest potential support at 0.884 (38.2%) and 0.894 (61.8%). The market appears to be consolidating near 0.88, and a break below 0.873 could open the door to lower levels. Traders should watch for confirmation of a short-term bottom or renewed bearish momentum. As always, volatility remains high, and sudden reversals are possible.