Radworks/Tether (RADUSDT) Market Overview

Summary
• Price drifted lower over 24 hours with a bearish bias.
• Volatility remained elevated during the early session, then stabilized.
• Volume surged during the morning ET, indicating active participation.

RADUSDT opened at 0.440, hit a high of 0.443, a low of 0.421, and closed at 0.436 as of 12:00 ET. The total volume over 24 hours was 817,290.0, with a notional turnover of $359,883.5.

The price action displayed a consistent bearish tone, with a notable breakdown after the early ET session. A key support level emerged at 0.431, where the price found repeated buying interest. A morning sell-off broke below the prior session’s low, forming a bearish continuation pattern.

Moving averages on the 15-minute chart showed the 20-period line falling below the 50-period line, reinforcing the bearish momentum. On daily charts, a longer-term bearish bias appears to persist, with the 200-period moving average acting as a key resistance.

MACD remained in negative territory with a bearish divergence between price and momentum, indicating a risk of further downside. RSI dipped into oversold territory at one point but remained below 40 for much of the session, pointing to ongoing bearish pressure.

Bollinger Bands showed a slight contraction in the latter half of the day, signaling a potential shift in volatility. Price remained near the lower band for much of the session, indicating a bearish bias.

Volume spiked during the early morning ET (00:15–01:30), coinciding with a price breakdown from 0.435 to 0.431. Notional turnover was elevated during this period, confirming the bearish move. Later in the day, volume subsided as the price found a floor around 0.431–0.433.

Fibonacci retracements showed a key 61.8% level at 0.431, where the price consolidated. On the 15-minute chart, a 38.2% retracement at 0.437 acted as temporary resistance but failed to hold.

Forward-looking, traders may anticipate a short-term test of the 0.426 support level if bearish momentum continues. A failure to rebound above 0.437 could signal a deeper correction. Investors should monitor volume behavior near key Fibonacci and moving average levels for signs of a potential reversal.

The MACD and RSI readings suggest a bearish momentum bias. If prices fail to break above 0.437 with confirmation from both volume and momentum indicators, a further test of support could follow.

Backtest Hypothesis
The RSI-based backtest described would rely on identifying overbought and oversold conditions on the 15-minute chart to generate trading signals. Given the current RSI behavior and price structure, a buy signal may be generated if RSI crosses above 50 with rising volume, and a sell signal if it drops below 30. However, due to the missing or inconsistent data from the query, a full backtest cannot be performed at this time. If the correct symbol format or updated data is provided, the backtest can be executed using RSI crossover levels and Fibonacci retracement levels as key filters for signal validation.