Market Overview: Ravencoin/Tether (RVNUSDT) — 24-Hour Action from 2025-09-17 12:00 ET to 2025-09-18 12:00 ET

• Price rose from $0.01298 to $0.01356, marking a 4.5% increase on high volume.
• Volatility expanded after 19:00 ET with a breakout above prior resistance at $0.01328.
• RSI showed overbought conditions by 03:00 ET but pulled back into neutral territory by morning.
• Bollinger Bands widened during peak volume hours, indicating increased market activity.
• A bullish engulfing pattern formed around 03:00–04:30 ET, supporting a short-term bullish bias.

15-Minute Chart Summary

Ravencoin/Tether (RVNUSDT) opened at $0.01298 on 2025-09-17 12:00 ET and closed at $0.01356 on 2025-09-18 12:00 ET, with a 24-hour high of $0.01364 and low of $0.01289. The total notional turnover was $32.4 million on a volume of 38.8 million RVN, showing a sharp increase in volume after 19:00 ET. Price action suggests a bullish breakout after a prolonged consolidation phase.

Structure & Formations

Key support levels were identified at $0.01345 and $0.01328, both of which were tested and retested with strong rejection. A strong bullish engulfing pattern formed between 03:00 and 04:30 ET, with a clear rejection of the prior bearish trend. A doji appeared at $0.01345 (06:00 ET), signaling a potential short-term pause in upward momentum.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the early hours of 09/18, signaling a potential short-term bullish bias. The 50-period MA crossed above the 200-period MA on the daily chart, suggesting a longer-term bullish trend is in place.

MACD & RSI

The MACD turned positive after 03:00 ET and remained above the signal line for most of the session, reinforcing the bullish trend. RSI reached overbought territory at $0.01359 (03:45–04:00 ET), but pulled back to a neutral range by the morning. This suggests that the price could consolidate or retest recent support levels in the short term.

Bollinger Bands

Volatility expanded significantly between 19:00 and 22:00 ET, with the upper band reaching $0.01364 and the lower band dropping to $0.01333. Price remained above the 20-period SMA for most of the session and briefly touched the upper band during the breakout. A contraction in the bands is expected as the trend stabilizes.

Volume & Turnover

Volume spiked after 19:00 ET, peaking at 3.58 million RVN during the 03:00 ET candle. Notional turnover mirrored this increase, suggesting strong conviction in the bullish move. A divergence appears in the late morning session, with volume decreasing despite price continuing higher — a potential warning sign for a near-term pullback.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $0.01289 to $0.01364, key retracement levels include 23.6% at $0.01342, 38.2% at $0.01334, and 50% at $0.01326. The price held above 38.2% during a pullback in the early morning, suggesting buyers are active at these levels.

Backtest Hypothesis

A backtesting strategy might look to enter long positions on a bullish engulfing pattern confirmed by a break above the 50-period MA, with a stop loss placed below the most recent support at $0.01345. This setup would align with the observed breakout and the positive MACD divergence. Given the RSI’s brief overbought condition, a trailing stop based on ATR (Average True Range) could help manage risk while riding the momentum.