Market Overview for Radiant Capital/Tether (RDNTUSDT) - 2025-09-16 12:00 ET

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• Price action showed a sharp reversal from $0.0208 to $0.02129 amid rising volume and positive momentum
• Strong breakout above key resistance at $0.0210 confirmed by bullish engulfing and a long upper wick
• Volatility increased significantly with a 2.4% range, while RSI entered overbought territory near 70
• Turnover surged to $25.9M as buyers capitalized on Fibonacci retracement levels and trend continuation

Radiant Capital/Tether (RDNTUSDT) opened at $0.0206 on 2025-09-15 12:00 ET and surged to a high of $0.02129 by 2025-09-16 16:00 ET, closing at $0.02129. The pair traded in a $0.0208–$0.02129 range with total volume of 13.7M tokens and notional turnover of $25.9M. Strong on-chain buying pressure and volume divergence signaled a potential continuation of the upward trend.

Structure & Formations

Key support levels were identified at $0.0208 and $0.0205, with resistance at $0.0210 and $0.02125. A bullish engulfing pattern emerged around $0.0210 as the asset surged from $0.02096 to $0.02125. A long upper wick at $0.02125 suggests hesitation by bears, while the bullish continuation into $0.02129 indicates strong conviction from buyers. The 61.8% Fibonacci retracement from the prior decline aligned with the final breakout, reinforcing the strength of the move.

Moving Averages, MACD, and RSI

On the 15-minute chart, the 20-period and 50-period EMAs were bullish with the price above both, suggesting a strong uptrend. MACD crossed above the signal line and was trending higher, while RSI reached overbought territory near 70, indicating high momentum and potential for a pullback or consolidation. On the daily chart, the price remains above 50, 100, and 200 EMA, affirming the broader uptrend.

Bollinger Bands and Volatility

Bollinger Bands expanded significantly during the last 6 hours of the 24-hour period, reflecting rising volatility. The price tested the upper band at $0.02129 and closed near the top of the band, signaling strong bullish pressure. The band’s width increased from 0.1% to 1.2% over the period, showing heightened market expectations or events.

Volume and Turnover Analysis

Volume spiked above average levels in the last 5 hours, with the final 15-minute candle showing a high of $0.02129 and a volume of 314,232 tokens, contributing to the $25.9M in turnover. Price and volume aligned positively in the last 3-hour window, reinforcing the strength of the breakout. No divergence was observed, indicating strong conviction.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $0.0208 to $0.02129, the 38.2% retracement was at $0.02098 and the 61.8% at $0.02120. The price broke through $0.02120 and closed near the 100% extension, suggesting a strong continuation of the upward trend. On the daily chart, the 61.8% retracement of the prior bearish move aligns with current support at $0.0208, which is now a potential pivot level.

Backtest Hypothesis

A hypothetical backtesting strategy could be built using the 15-minute EMA crossovers and RSI levels. For example, a long signal could be triggered when the 20 EMA crosses above the 50 EMA and RSI moves above 50, with a stop-loss placed at the 38.2% Fibonacci retracement. A take-profit could be set at the 61.8% and 100% levels, or dynamically adjusted as the trend continues. This approach aligns with today’s price action and provides a rules-based method for capitalizing on the bullish momentum while managing downside risk.