Market Overview: Raydium/Tether (RAYUSDT) – Bullish Breakout Amid High Momentum

Summary
• RAYUSDT broke above key resistance near 1.105, forming bullish engulfing and higher volume in final 5-hour window.
• Momentum indicators turned overbought (RSI >70), while MACD trended higher with positive divergence.
• Volatility expanded significantly, with price reaching 1.150, suggesting strong near-term bullish bias.

Raydium/Tether (RAYUSDT) opened at 1.067 on 2026-01-03 12:00 ET, surged to a 24-hour high of 1.150, and closed at 1.144 by 2026-01-04 12:00 ET. Total volume was 1,305,245.6 and turnover reached $1,385,238.02, indicating robust trading activity.

Structure and Key Levels

Price broke above a prior 5-minute resistance at 1.105 with a bullish engulfing pattern. A strong 5-minute swing from 1.067 to 1.150 suggests a new bullish phase. Fibonacci retracements highlight potential pullback levels at 1.128 (38.2%) and 1.119 (61.8%).

Trend and Momentum

The 5-minute MACD showed a positive divergence as price reached 1.150, while RSI hit overbought levels above 70. This suggests strong near-term momentum with potential for consolidation. Daily moving averages (50, 100, 200) remain below current price, reinforcing an upward trend.

Volatility and Bollinger Bands

Volatility expanded sharply after 04:00 ET, pushing price to the upper Bollinger Band by 16:45 ET. This expansion suggests a continuation phase in place, though a contraction could precede a reversal.

Volume and Turnover

Volume spiked significantly during the final 5-hour window (07:00–12:00 ET), with turnover reaching $159,951.46 in the 12:30 ET 5-minute bar. Price and volume moved in unison, reinforcing the bullish signal.

Implications and Outlook

RAYUSDT appears poised to test 1.150 as immediate resistance, with a potential move toward 1.160–1.165. However, a pullback toward 1.119 or 1.128 could trigger short-term profit-taking. Investors should monitor for a breakdown below 1.105 as a bearish signal.

Forward-looking, RAYUSDT could consolidate near 1.140–1.145 before testing new highs, but increased bearish divergence in RSI may signal a short-term correction. Investors should manage risk with tight stops near 1.115.