Market Overview for Radiant Capital/Tether (RDNTUSDT) – 2025-09-22

• Price dropped sharply from $0.0227 to $0.0193 in 24 hours amid heavy volume.
• Volatility spiked in early ET, with a 3% intra-candle range at 16:45 ET.
• RSI entered oversold territory late ET, suggesting potential near-term reversal.
• Volume surged during the $0.02–$0.0215 range, signaling accumulation or distribution.
• Fibonacci retracement at $0.0197 may act as a key short-term support.

Radiant Capital/Tether (RDNTUSDT) opened at $0.0220 on 2025-09-21 at 12:00 ET and fell to a 24-hour low of $0.01866 by 06:15 ET, reaching a high of $0.02272. It closed at $0.01945 by 12:00 ET on 2025-09-22. The pair recorded a total 24-hour volume of 77,634,275.0 and a notional turnover of $1,563,600. The price action displayed bearish momentum and a wide price range, indicating heightened volatility and possible trend continuation or reversal.

Structure & Formations

The candlestick chart displayed a strong bearish trend with multiple large bearish bodies, suggesting dominant selling pressure. Notable bearish engulfing patterns appeared at 16:45 ET and 06:15 ET, confirming downward momentum. A long lower shadow at 06:45 ET showed short-term rejection near $0.0195, while the 19:15 ET candle formed a potential key support level at $0.0215. Doji were observed near $0.0215 and $0.0196, signaling indecision and possible turning points.

Moving Averages

On the 15-minute chart, the price fell below both the 20-period and 50-period moving averages, confirming a bearish bias. The 50-period MA remained above the 20-period MA, indicating a bearish crossover. On the daily chart, the price also closed below the 200-period MA, reinforcing bearish sentiment and a potential continuation of the downtrend in the near term.

MACD & RSI

The MACD turned negative early in the session and remained bearish, with the histogram showing consistent contraction in bullish momentum and expansion in bearish force. RSI entered oversold territory below 30 around 05:45 ET, indicating potential for a short-term rebound. However, the slow RSI and the absence of strong bullish volume suggest that a bounce may not lead to a trend reversal.

Bollinger Bands

The price remained near the lower band for most of the session, indicating an overextended bearish move. A notable contraction in the band width occurred just before the major drop at 06:15 ET, suggesting a buildup of volatility. The price then broke out through the lower band in a sharp move, confirming a bearish breakout.

Volume & Turnover

Volume surged during the initial drop and the key bearish breakouts, confirming the bearish sentiment. A divergence between price and volume occurred near $0.0196, where price found some support but volume decreased, signaling potential exhaustion. Turnover spiked at $0.02 and $0.0196, suggesting accumulation or distribution activity, though the overall trend remains bearish.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing, the 38.2% retracement level at $0.0197 and the 61.8% level at $0.0204 were key areas to watch. On the daily chart, the 50% and 61.8% retracement levels near $0.0209 and $0.0215 may act as potential support or resistance in the next 24 hours.

The forward-looking view suggests a continuation of the bearish trend in the near term, with price potentially testing the $0.0186 level before any short-term bounce. Investors should watch for a breakout above the $0.0215 resistance for a reversal signal. Traders should remain cautious due to the potential for increased volatility and sharp corrections.

Backtest Hypothesis

A potential backtest strategy for this pair would involve entering short positions upon confirmation of bearish engulfing patterns at key Fibonacci levels, such as the 38.2% retracement at $0.0197. A stop-loss could be placed above the 50-period moving average to protect against false breakouts. Given the recent RSI overbought/oversold levels, traders may consider exits near $0.0186 or wait for a bullish reversal pattern such as a morning star or bullish engulfing before closing. This approach would leverage both price structure and momentum indicators for risk-managed entries and exits.