Market Overview for Raydium/Tether (RAYUSDT)

Summary
• RAYUSDT breaks out above 0.89, driven by a bullish engulfing pattern and rising volume.
• RSI near overbought territory suggests potential pullback risk as momentum slows.
• Bollinger Bands show expanding volatility, with price near the upper band.
• Turnover spiked 3.5x in early morning ET, indicating increased conviction in upward move.
• Key support appears at 0.882–0.885, with resistance forming at 0.894–0.896.

The Raydium/Tether pair opened at 0.889 and traded between 0.873 and 0.960, closing at 0.954 as of 12:00 ET on January 1, 2026. Total volume reached 1,023,706.8 with a turnover of 908,941.33.

Structure & Candlestick Formations

A bullish engulfing pattern emerged at the start of the 24-hour window, signaling strong buyer control. A doji appeared near the high of 0.960 during the early afternoon, hinting at potential exhaustion in the upward thrust. Price appears to have retested the 0.894–0.896 resistance cluster twice, failing to break through cleanly.

Trend and Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart crossed to the upside around 00:30 ET, confirming a short-term bullish bias. On a daily timeframe, the 50 and 200-day moving averages remain separated by 0.035, indicating a longer-term bullish divergence.

MACD and RSI

MACD showed a strong bullish crossover near 00:00 ET and maintained positive momentum until midday, after which it began to flatten. RSI approached overbought levels (75–80) around 09:15–10:00 ET, indicating potential for a near-term correction.

Bollinger Bands and Volatility

Bollinger Bands expanded significantly as price surged past 0.93, with the upper band reaching 0.96 at the peak. The last close of 0.954 sits comfortably above the 20-period mean, reinforcing strength in the short-term trend.

Volume and Turnover

Volume spiked dramatically during the 9:15–10:00 AM ET window, with a single candle alone accounting for 464,947.4 units traded. Turnover surged by over 350% in early morning hours, suggesting institutional participation in the breakout move.

Fibonacci Retracements

Price briefly reached the 61.8% retracement level of the 0.873–0.960 swing, where it faced resistance at 0.929. A 38.2% retracement of the same move sits at 0.907, currently acting as a key support zone during pullbacks.

Price could face profit-taking pressure in the next 24 hours, especially if RSI continues to cool. A break below 0.913 would signal a retest of the 0.894–0.896 area, but a sustained close above 0.96 could confirm a new bullish trend. Investors should monitor volume for signs of divergence.