Radworks/Tether Market Overview for 2025-09-14

• Price action shows a 24-hour range-bound pattern between $0.686 and $0.71 with a bearish bias in the last 6 hours.
• RSI and MACD indicate moderate bearish momentum, but no extreme overbought or oversold conditions.
• Volatility increased in the morning with a large-volume candle near $0.706.
• Bollinger Bands show moderate contraction earlier in the session, followed by a recent expansion.
• Notable volume divergence appears after a failed rally in the late ET afternoon.

Radworks/Tether (RADUSDT) opened at $0.7 on 2025-09-13 at 12:00 ET, reached a high of $0.71, a low of $0.686, and closed at $0.699 as of 2025-09-14 at 12:00 ET. Total 24-hour trading volume was 759,051.1, with a notional turnover of $534,637.8. Price action reveals a bearish shift in the final hours, with key support and resistance levels forming within the range.

Structure & Formations

Over the 24-hour period, Radworks/Tether formed a bearish rectangle pattern between $0.694 and $0.710, with notable support at $0.696–$0.698 and resistance near $0.704–$0.706. A long lower shadow candle appeared at $0.706 in the early hours of 2025-09-14, suggesting rejection of higher prices. A bearish engulfing pattern developed near $0.703–$0.706 in the afternoon, followed by a bearish pinbar and doji confirming weakening bullish sentiment.

Moving Averages and MACD/RSI

On the 15-minute chart, the price closed below the 20 and 50-period moving averages, indicating short-term bearish bias. The 50-period line moved slightly lower, reinforcing the downtrend. The 12/26 MACD crossed below the signal line in the early hours of 2025-09-14, confirming bearish momentum. RSI remained between 30 and 50, signaling neutral to bearish conditions without extreme overbought or oversold readings. On the daily chart, the 50/100/200 EMA lines show a flat to slightly bearish setup, with no strong trend forming.

Bollinger Bands and Fibonacci Retracements

Bollinger Bands constricted between $0.696 and $0.702 in the early morning, suggesting low volatility, before expanding as the price drifted lower. The closing price of $0.699 sits near the 38.2% Fibonacci retracement level of the $0.696–$0.710 move, suggesting potential for a bounce or further decline. A key 61.8% retracement level is near $0.692, which could act as critical support or trigger a reversal if the price breaks it cleanly.

Volume & Turnover

Volume increased significantly during the bearish move in the late ET afternoon and early morning, with the largest single candle (at $0.703–$0.706) seeing a volume of 38,205. This suggests strong distribution or selling pressure. However, price failed to break below $0.696, despite high turnover, indicating short-term resistance. A divergence appears in the final hours, with lower volume accompanying price lows, suggesting a possible reversal or consolidation.

Backtest Hypothesis

A potential backtest strategy could focus on identifying bearish engulfing and doji patterns on the 15-minute chart when price is within a defined range and volume is above average. For example, a sell signal could be triggered if a bearish engulfing pattern forms at or near upper resistance with a volume spike above the 75th percentile. A stop-loss could be placed above the nearest resistance level or at the high of the engulfing candle. The strategy could be refined by incorporating a Fibonacci retracement filter, entering short positions only when the price is within the 38.2–61.8% retracement zone and RSI is below 50. This hypothesis aligns with today’s price behavior, where a bearish engulfing pattern and high volume coincided with a failed rally near $0.706.