Market Overview for Raydium/Tether (RAYUSDT)

Summary
• Price surged from 1.117 to 1.163 before consolidating near 1.144–1.146.
• Volume spiked during 20:45–21:00 ET, confirming bullish momentum.
• RSI shows overbought conditions near 1.16, with potential for pullback.
• Bollinger Bands widened during the breakout, signaling increased volatility.
• A bullish engulfing pattern formed at 1.141–1.145, suggesting short-term strength.

Raydium/Tether (RAYUSDT) opened at 1.117 on 2026-01-16 12:00 ET and reached a high of 1.163 before closing at 1.144 on 2026-01-17 12:00 ET, with a low of 1.112. Total volume was 947,100.3 units, and notional turnover reached 1,071,771.32 USD over the 24-hour window.

Structure & Key Levels

The pair formed a bullish reversal pattern around 1.141–1.145 during early morning hours, suggesting accumulation after a pullback. Key resistance levels are seen at 1.146–1.148 and 1.153–1.156, while support sits at 1.142 and 1.139. A notable bearish divergence in volume and price occurred during 02:15–02:30 ET, hinting at possible near-term profit-taking.

Trend Indicators

The 5-minute 20- and 50-period moving averages crossed in favor of the bulls, reinforcing the upward move from 1.12 to 1.15. The 50-period daily MA remains above 1.144, aligning with short-term strength. The 12:00 ET close sits just above the 20-period MA, indicating a potential retest of 1.144–1.145 for confirmation.

Momentum and Volatility

The 24-hour RSI peaked near overbought levels (70–75) during the 20:45–21:00 ET surge, pointing to exhaustion after the 1.15–1.163 move. MACD remained positive, with a narrowing histogram suggesting slowing momentum. Bollinger Bands widened significantly during the breakout, with price trading near the upper band, signaling elevated volatility.

Volume and Divergence

Volume increased sharply during the 20:45–21:00 ET window, with over 115,000 units traded as price climbed from 1.151 to 1.155. However, a bearish divergence formed around 02:15–02:30 ET, with volume falling despite a minor rally to 1.153, suggesting possible short-term profit-taking. Turnover remained consistent with price trends, without signs of manipulation or wash trading.

Fibonacci Retracements

On the 5-minute chart, price has retraced to the 61.8% level of the recent 1.117–1.163 move at around 1.143–1.145, where it found support. On the daily timeframe, the 61.8% level aligns with 1.145–1.147, reinforcing its significance. A break above 1.153 could signal continuation of the trend, while a retest of 1.139–1.141 may offer further validation of bullish momentum.

Raydium/Tether appears poised to consolidate in the 1.144–1.148 range ahead of a potential test of the next resistance at 1.153. A close above 1.146 could trigger further buying, but investors should watch for volume divergence or a breakdown below 1.141 as potential bearish signals over the next 24 hours.