Market Overview for Radiant Capital/Tether (RDNTUSDT)

• RDNT/USDT traded higher overnight, forming a bullish continuation pattern with key resistance at 0.02045–0.02065.
• Momentum accelerated between 05:00–08:00 ET, with RSI peaking at overbought levels and volume surging by 500% from the prior 6 hours.
• Price corrected sharply after 10:00 ET, reversing nearly 3% from the intra-day high amid declining volume and a bearish divergence in the MACD.
• Volatility expanded significantly during the bullish phase, with Bollinger Bands widening and price trading near the upper band multiple times.
• A 15-minute engulfing pattern emerged at 0.02045–0.0206, signaling potential short-term consolidation or breakout.

Radiant Capital/Tether (RDNTUSDT) opened at 0.02008 at 12:00 ET−1 and reached an intraday high of 0.02142 before closing at 0.02089 at 12:00 ET. Total volume for the 24-hour period was 19,843,444.00, with notional turnover amounting to $416,223.04. The pair exhibited a strong bullish impulse in the early morning hours followed by a sharp correction in late morning trading.

Structure & Formations

RDNT/USDT formed a bullish continuation pattern during the 05:00–08:00 ET window, marked by a 15-minute engulfing candle at 0.02093–0.02108 and a bullish breakout above the 0.02045–0.02065 resistance cluster. A key 15-minute doji appeared at 0.02067–0.02059 around 23:15 ET−1, indicating indecision ahead of the overnight rally. Price later retested the 0.0208–0.0209 support level multiple times, failing to break decisively below.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish “golden cross” around 03:00–04:00 ET. The 50-period MA currently resides at 0.02097, with price hovering just above it. On the daily chart, the 50-period MA sits at 0.02050, while the 200-period MA remains at 0.02015, supporting a long-term bullish bias. The 100-period MA at 0.02048 adds further structure to the 0.0204–0.0205 consolidation zone.

MACD & RSI

The MACD turned positive at 05:00 ET, confirming bullish momentum, and reached its peak at 08:00 ET before diverging from price as the correction began. RSI crossed above 70 at 07:00 ET, indicating overbought conditions, and dropped below 50 by 10:15 ET, signaling a potential bearish reversal. The RSI low at 48.5 around 11:30 ET suggests oversold territory is still distant, suggesting limited immediate short-term support.

Bollinger Bands

Bollinger Bands expanded significantly from 05:00–08:00 ET, reflecting heightened volatility during the bullish phase. Price traded near the upper band at 0.0211–0.0212 before retracting. During the correction, bands began to contract, with price settling near the middle band at 0.0209–0.02095. A retest of the lower band is possible if the trend reverses further.

Volume & Turnover

Volume surged during the 05:00–08:00 ET window, with the 07:15–08:00 ET block alone accounting for 2.5 million USD in turnover. A divergence between rising price and declining volume after 08:00 ET signaled weakening momentum. The largest volume spike occurred around 07:15 ET with 774,694.00 traded, coinciding with a breakout above key resistance.

Fibonacci Retracements

A 15-minute swing from 0.02008 (16:00 ET−1) to 0.02142 (07:45 ET) defines a key retracement structure. The 38.2% level at 0.02115 and 61.8% level at 0.02087 are critical. Price briefly touched the 61.8% level at 11:30 ET before bouncing. The daily chart shows a 38.2% retracement at 0.02080 from the recent high of 0.02142, suggesting potential short-term support.

Backtest Hypothesis

Given the presence of a bullish engulfing pattern and a golden cross in the moving averages during the early morning hours, a potential backtesting strategy could involve a long entry on a close above the 0.02045–0.02065 cluster with a stop-loss placed below the 0.02087 Fibonacci level. A trailing take-profit could be set at 0.02115 or 0.02142, depending on volatility. A short position could be triggered on a break of the 0.02080–0.02083 consolidation level, with stops above the 0.02096–0.02101 resistance. This strategy leverages both trend-following and retracement-based entries for a structured approach to RDNT/USDT’s recent price action.