Market Overview for Radiant Capital/Tether (RDNTUSDT): Bearish Close on 24-Hour Window

Summary
• Price tested 0.00934–0.00926 consolidation, with a bearish 5-minute close on Christmas Eve.
• Volume surged during late December 23 buying, but failed to break above 0.00934.
• RSI under 30 suggests oversold conditions; MACD neutral, with no bullish divergence.
• Key support at 0.00927 and resistance at 0.00934 defined 24-hour trading range.

Radiant Capital/Tether (RDNTUSDT) opened at 0.00918 on December 23 at 12:00 ET, peaked at 0.00934, and closed at 0.00918 on December 24 at 12:00 ET, trading within a 0.00926–0.00934 range. Total 24-hour volume reached 6.84 million, with turnover of approximately $62.6 million.

Structure & Formations

Price remained in a tight 5-minute range between 0.00926 and 0.00934 throughout much of the session, forming a flag pattern within a descending triangle. A bearish engulfing pattern emerged in the early morning hours on December 24, suggesting short-term bearish pressure. A doji near the high of the session on December 23 signaled indecision, but failed to break above key resistance at 0.00934.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages remained in a tight convergence around 0.00927–0.00929, with prices oscillating around this level. Daily moving averages (50/100/200) appear neutral, with no clear directional bias emerging from the data.

MACD & RSI

The MACD remained in a narrow range near zero, showing no strong momentum. RSI dropped below 30 in the final hour of the session, suggesting oversold conditions. However, without a corresponding bounce in price, bearish pressure may persist.

Bollinger Bands

Volatility remained moderate, with Bollinger Bands maintaining a width of ~0.00006. Price spent much of the session near the middle band, indicating a consolidation phase. A brief test of the upper band at 0.00934 on December 23 failed to hold.

Volume & Turnover

Volume surged in the late evening of December 23, with the largest 5-minute volume spike (1.94 million) coinciding with a failed breakout attempt above 0.00934. Turnover expanded during that period but dropped off sharply after 00:00 ET on December 24, suggesting fading interest in a bullish breakout.

Fibonacci Retracements

Recent 5-minute swings identified key Fibonacci levels at 0.00927 (38.2%) and 0.00934 (61.8%). The price failed to hold above the 61.8% retracement level, reinforcing the bearish bias.

Price could test support at 0.00927 or face renewed attempts to break above 0.00934 in the coming 24 hours. Investors should monitor volume and RSI for signs of a reversal or continuation.