Raydium/Tether (RAYUSDT) Market Overview for 2025-10-22

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Wednesday, Oct 22, 2025 11:16 pm ET2min read
Aime RobotAime Summary

- RAYUSDT dropped to $1.733 on 2025-10-22, rebounding to $1.757 amid elevated volume and bearish technical indicators.

- Price remains below 20- and 50-period moving averages, with MACD turning negative and RSI near oversold levels.

- Bollinger Band contraction signals potential volatility spikes, while bearish engulfing patterns suggest continued downward pressure.

- A backtest strategy using engulfing patterns and Fibonacci levels could validate short-term bearish momentum in this range.

• RAYUSDT fell to a 24-hour low of $1.733 before staging a modest rebound near $1.757
• Volume remained elevated during the selloff, while turnover dropped after 05:00 ET
• MACD turned bearish, RSI edged into oversold territory, but no strong reversal signals emerged
• Price remains below key 20- and 50-period moving averages, indicating bearish bias
• Bollinger Band contraction suggests potential volatility spike ahead

Market Overview


Raydium/Tether (RAYUSDT) opened at $1.915 on 2025-10-21 12:00 ET, reached a high of $1.935, fell to a low of $1.733, and closed at $1.757 as of 2025-10-22 12:00 ET. Total volume for the 24-hour window was 2,028,852.3 units, while notional turnover amounted to $3,827,062.10. The pair has exhibited a bearish bias, with price failing to hold above the 20- and 50-period moving averages on the 15-minute chart.

The 24-hour price action shows a strong bearish momentum with a clear breakdown from prior support levels. Price tested key support zones multiple times, notably near $1.78 and $1.733. A bearish engulfing pattern was evident during the early hours of 2025-10-22, which coincided with heavy volume and a sharp decline. While the selloff slowed as the day progressed, the RSI remains near oversold levels, suggesting a potential short-term bounce may be near.

The 20-period and 50-period moving averages on the 15-minute chart are below the current price, confirming the bearish bias. The 50-period average is at $1.803, and the 20-period is at $1.846. A 100- and 200-period moving average on the daily chart (not shown here) would likely reinforce this bearish tilt, assuming similar data is available. Bollinger Bands show contraction during the overnight period, suggesting the market may be preparing for a breakout or breakdown on increased volatility.

The MACD histogram turned negative after 04:00 ET, aligning with the bearish price action and reinforcing the likelihood of further downside. RSI dipped into oversold territory at 28–30 in the early morning hours, but without a strong bullish reversal candlestick, this may not translate to a meaningful bounce. Fibonacci retracements for the recent $1.935–$1.733 swing show 61.8% at $1.791 and 38.2% at $1.843, with price currently testing the lower end of the retracement range.

Backtest Hypothesis


A potential backtest strategy involves detecting Bearish Engulfing patterns on the RAYUSDT pair and entering short positions at the close of the engulfing candle, with a stop-loss placed above the engulfing pattern’s high and a target set at the 61.8% Fibonacci level of the prior swing. Given the current bearish momentum, a strategy based on this pattern could have yielded profitable signals during the early hours of 2025-10-22, especially if volume was used as a confirmation filter. This approach would align with the observed technical indicators and could be backtested using daily or hourly OHLC data to assess its viability.