Market Overview for RedStone/Tether (REDUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 10:56 pm ET1min read
USDT
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Aime RobotAime Summary

- RedStone/Tether (REDUSDT) dropped to 0.2461 after breaking below key support at 0.2475, confirmed by high-volume bearish candlestick patterns.

- Technical indicators showed bearish momentum: RSI below 30, MACD turning negative, and Bollinger Bands tightening before the sharp decline.

- A 61.8% Fibonacci retracement at 0.2440 suggests near-term support, with further downside risk if 0.2427 is tested.

- Volume surged during the breakdown, validating the move, while price remains below the 200-period MA, indicating a broader bearish trend.

Summary
• Price declined from 0.2522 to 0.2461 on a bearish breakout of key support.
• High volume confirmed the breakdown, with 38931.1 traded at the daily close.
• RSI and MACD signaled bearish momentum, with no signs of reversal yet.
• Bollinger Bands tightened before the drop, indicating increased volatility.
• A 61.8% Fibonacci retracement aligns near 0.2440, suggesting near-term support.

RedStone/Tether (REDUSDT) opened at 0.2505 and declined to a 24-hour low of 0.2427 before closing at 0.2461 at 12:00 ET. The pair traded between 0.2522 and 0.2427 with a total volume of 389,311.1 and turnover of 95,905.34.

Structure & Formations


The price formed a bearish breakdown below key support at 0.2475, confirmed by a strong candle on 153000 ET. A large bearish engulfing pattern occurred at 153000 ET, suggesting short-term bearish pressure. A potential 61.8% Fibonacci retracement at 0.2440 appears to offer initial support.

Moving Averages


On the 5-minute chart, the 20-period MA acted as a bearish trigger point. The 50-period MA confirmed the downward bias. On the daily chart, the price remains below the 200-period MA, suggesting a broader bearish trend.

MACD & RSI



The MACD turned sharply negative after 150000 ET, reinforcing the bearish momentum. RSI dropped below 30 into oversold territory, but no immediate reversal signs emerged. Momentum remains bearish with no bullish divergences observed.

Bollinger Bands



Volatility contracted before the sharp drop, with the price breaking below the lower band at 153000 ET. This breakout aligns with the bearish pattern and suggests continued pressure until support is tested.

Volume & Turnover


Volume spiked at 153000 ET during the key breakdown, validating the move. Turnover also surged at the same time, confirming the bearish momentum. No price-volume divergence was observed, suggesting the move is supported by conviction.

Forward Outlook & Risk

Price appears to target 0.2440 next, with a potential test of 0.2427 if momentum persists. A reversal above 0.2503 may signal a short-term bounce, but risks remain on the downside if support fails. Investors should monitor volume at 0.2440 for signs of a potential reversal.