Market Overview for Ravencoin/Tether (RVNUSDT) on 2025-10-11

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• Price action saw sharp bearish momentum after 19:30 ET, leading to a near 10% drop from the 15-minute high.
• Key support tested at 0.0092–0.0093 and 0.0089–0.0090, with bearish breakdowns confirmed by engulfing and bearish reversal patterns.
• Low volatility persisted during early ET hours but expanded significantly post-19:30, coinciding with high-volume selloffs.
• RSI approached overbought early, then plummeted into oversold, while MACD turned negative decisively at the 20:30 candle.
• Turnover surged during the 19:30–20:45 ET window, indicating active profit-taking or panic selling.

Ravencoin/Tether (RVNUSDT) opened at 0.01173 at 12:00 ET-1, reached a high of 0.01192, and hit a low of 1e-05 before closing at 0.00937 at 12:00 ET. Total volume was 598,423,874.1000001 and total turnover (notional value) was approximately $7,496,000.

Structure & Formations

The 24-hour period showed a distinct bearish bias, especially after 19:30 ET, when a large bearish engulfing pattern confirmed a breakdown from the 0.0112–0.0114 level. A long lower shadow and short upper shadow at the 20:30 candle indicated rejection at key resistance. The 0.0092–0.0093 level became a critical support zone, with price consolidating after 06:00 ET. A potential bullish reversal pattern may form at 0.0092 if buyers re-enter, but for now, the structure suggests further consolidation or another test of 0.0089–0.0090 as the next support.

Moving Averages

On the 15-minute chart, price broke below the 20- and 50-period moving averages during the 19:30–20:30 ET window, confirming the bearish shift. The 50-period MA acts as a dynamic resistance above 0.0095. On the daily chart, the 50/100/200 MA structure shows a bearish alignment, with the 200-period MA acting as a long-term bearish reference at ~0.0110.

MACD & RSI

The RSI reached overbought levels early in the morning but dropped sharply to oversold territory by 21:30 ET, indicating exhaustion in the bearish move. The MACD turned negative at 20:30 ET and remained in bearish territory, with a decreasing histogram reflecting waning momentum. A potential reversal could be triggered if the RSI rebounds above 40, but this is unlikely without strong buying pressure.

Bollinger Bands

Volatility expanded dramatically after 19:30 ET, with the upper band peaking at ~0.0119 and the lower band at ~0.0088. Price remained near the lower band for the remainder of the day, suggesting oversold conditions and a high probability of a near-term rebound. A retest of the 0.0092–0.0093 level could see a bounce, especially if the RSI stabilizes.

Volume & Turnover

Volume surged during the 19:30–21:45 ET window, with the highest single-candle volume of 71,463,242.0999999 at 21:30 ET. This coincided with a massive price drop to 0.00603. Notional turnover also spiked during this period, confirming the bearish break. However, volume has since declined, suggesting the selloff may be exhausting. A sharp increase in volume during a rebound could signal a short-covering rally or a genuine reversal attempt.

Fibonacci Retracements

Applying Fibonacci to the major 15-minute swing from 0.01192 (19:30 ET) to 0.00603 (21:30 ET), the 38.2% level at ~0.0088 and 61.8% at ~0.0096 were key reference points. The 61.8% retracement level was briefly tested but rejected, while the 38.2% level appears to be a potential short-term floor. Daily Fibonacci levels suggest 0.0089–0.0090 as a critical area for potential buying interest.

Backtest Hypothesis

Using a mean-reversion strategy triggered by RSI entering oversold territory (RSI < 30) and a bullish divergence on the 15-minute chart could have captured the rebound from 0.00603 to 0.0092–0.0093. A stop-loss at 0.0089 and a take-profit at 0.0095 would have yielded a positive risk-reward ratio. This approach might be more viable in a consolidating environment like the one observed post-22:00 ET. Further testing would require evaluating its performance during similar high-volatility selloffs.