Market Overview for Raydium/Tether (RAYUSDT)

Summary
• Price surged from 1.178 to 1.273, breaking above 1.25 and forming a bullish breakout pattern.
• RSI and MACD confirmed strong momentum, with RSI peaking near 75 and MACD crossing above zero.
• Volume expanded sharply in the afternoon, with turnover rising over 180,000 during the rally.
• Bollinger Bands showed expansion as volatility increased, with price closing near the upper band.
• Fibonacci retracement levels suggest potential pullback support near 1.22–1.23 after the recent 5-min high.

Raydium/Tether (RAYUSDT) opened at 1.178 (12:00 ET – 1) and surged to a 24-hour high of 1.273 before closing at 1.254 as of 12:00 ET. The pair traded between 1.172 and 1.273, with total volume of 1,227,484.2 and turnover of 1,519,514.09.

Structure & Moving Averages

Price broke above the 20-period and 50-period 5-minute moving averages, forming a strong bullish bias. Daily MA levels are aligned to support the breakout, with the 50- and 100-day MAs converging near 1.22. A sustained close above 1.25 could attract further momentum buyers.

MACD & RSI Momentum

The MACD crossed above zero during the afternoon surge and remained in positive territory, indicating strong bullish momentum. RSI peaked near 75, suggesting overbought conditions but without immediate signs of reversal. A pullback to 65 or below could signal a healthy consolidation.

Volatility & Bollinger Bands

Bollinger Bands expanded as price surged near the upper band, indicating a period of heightened volatility. Price consolidation near the mid-band in the final hours of the 24-hour window suggests traders are assessing the sustainability of the breakout.

Volume and Turnover

Volume surged during the key 5-minute candles between 15:45 ET and 16:30 ET, with turnover jumping from ~44,000 to ~46,000 in a single period. The price and volume action appear aligned, suggesting conviction in the breakout rather than a flash rally.

Looking ahead, Raydium/Tether may test the 1.26–1.27 resistance zone, with a pullback to 1.23–1.24 offering potential support. Investors should remain cautious about overbought conditions and watch for any signs of distribution or bearish divergence in the next 24 hours.