RedStone/Tether USDt Market Overview: September 6, 2025

• Price declined by ~8.1% from 0.6698 to 0.6430, marking a bearish trend.
• Volatility picked up in the early session with a key 0.67–0.68 level acting as resistance.
• RSI entered oversold territory, suggesting a potential short-term rebound.
• Bollinger Bands expanded, reflecting increased short-term uncertainty and price swings.
• Volume surged in the 00:15–01:00 ET window, but failed to confirm a meaningful reversal.

Market Summary

RedStone/Tether USDt (REDUSDT) opened at 0.6698 on September 5 at 12:00 ET, reached a high of 0.6873, and closed at 0.6430 on September 6 at 12:00 ET. The 24-hour volume totaled 29.7 million USD, while the notional turnover was ~19.9 million USD. Price action showed a clear bearish bias, with a sharp sell-off in the overnight session.

Structure & Formations

Price found initial resistance at 0.67 and 0.68 during the late ET hours of the 5th. After failing to sustain above 0.67, the pair broke to the downside with a bearish engulfing pattern forming at 0.67–0.665 around 19:45–20:00 ET. This signaled a shift in sentiment toward the short side. A strong bearish trend continued overnight, with support levels forming at 0.65, 0.645, and 0.64–0.635. A key 0.6435–0.6440 support zone appeared to be holding, as the price bounced slightly in the early hours of the 6th.

Moving Averages

On the 15-minute chart, the 20-period MA (0.663) and 50-period MA (0.661) both fell below the close price of 0.643, reinforcing bearish momentum. On the daily chart, the 50-period MA (~0.665), 100-period (~0.668), and 200-period (~0.672) MA levels all serve as overhead resistance. Price appears to be consolidating below these averages, suggesting a continued downtrend could persist unless it closes above 0.665–0.668 over the next 48 hours.

MACD & RSI

The 12/26 MACD line turned negative and crossed below the signal line, confirming bearish momentum. The histogram expanded as the selloff accelerated overnight. RSI dropped below 30, entering oversold territory, with values hovering around 29–32 in the early hours of the 6th. This suggests short-term buying interest could emerge if the 0.64–0.645 support holds. However, bearish divergence in the RSI and MACD indicates a continuation of the trend may still be likely.

Backtest Hypothesis

A possible backtesting strategy involves a short bias when RSI drops below 30 and the MACD turns negative, with a stop-loss above the 0.665–0.668 level. If the 0.64–0.645 support zone holds, a counter-trend long entry could also be considered, with a stop-loss below 0.635. Given the recent breakdown and bearish momentum, a short trade entry may offer a higher-probability setup over the next 24 hours.