Market Overview: RDNTUSDT on 2025-10-03

• Price surged 5.4% over 24 hours, closing near a fresh high at 0.02156.
• Volatility increased with a 9.7% range between low and high.
• RSI crossed into overbought territory, suggesting potential exhaustion.
• Volume remained elevated in the final 6 hours, confirming bullish momentum.
• Bollinger Bands expanded, indicating rising market uncertainty and action.

Radiant Capital/Tether (RDNTUSDT) opened at $0.0205 on 2025-10-02 at 12:00 ET, surged to $0.02156, and closed at the same high on 2025-10-03 at 12:00 ET. Total volume over the 24-hour period was 9,964,412, and notional turnover reached $211,346. The pair displayed strong bullish momentum, breaking above key resistance levels.

Structure & Formations

The candlestick structure suggests a strong bear-to-bull reversal over the last 24 hours. A key breakout above the 0.02114 resistance level led to a continuation of upward momentum, with the price forming a series of higher highs and higher lows. A bullish engulfing pattern emerged around 19:30 ET, confirming the shift in sentiment. The final 15-minute candle closed near the high, indicating strong conviction among buyers.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bullish, with the 50-line crossing above the 20-line in a classic “golden cross” formation. This suggests continued upward momentum. On the daily chart, the 50-period SMA is still below the 200-period line, indicating that the longer-term trend is mixed, though the recent daily candle remains above key moving averages, supporting a continuation of the rally.

MACD & RSI

The MACD has crossed above the signal line, forming a bullish crossover, with positive divergence between the histogram and price indicating strengthening momentum. The RSI reached 70 in the final hours, entering overbought territory. While this may suggest a potential pullback, the high volume accompanying the move suggests buyers may be willing to push higher still.

Bollinger Bands

Bollinger Bands have expanded significantly during the price rally, reflecting rising volatility. The price has remained above the 20-period SMA and is now trading near the upper band, indicating strength and a potential for a continuation or minor consolidation.

Volume & Turnover

Volume has increased sharply in the last 6 hours, with the final 15-minute candle alone contributing $4,353 in turnover. The volume-to-price correlation is strong—rising volume with higher prices confirms bullish conviction. No significant divergence between price and turnover was observed, suggesting the rally is likely to continue unless volume drops abruptly in the next session.

Fibonacci Retracements

Fibonacci retracements on the 15-minute chart show the price is now approaching the 0.02156 level, which coincides with the 161.8% extension of a recent bullish swing. This level could act as a short-term resistance. On the daily chart, the 0.02156 level is near the 61.8% retracement of the previous bearish leg, suggesting potential for consolidation or a test of this key level.

Backtest Hypothesis

The backtest strategy described focuses on a breakout-based approach triggered by a golden cross in the 20/50 SMA on the 15-minute chart, combined with a bullish engulfing pattern and RSI crossing above 50. This setup would have been activated around 19:30 ET, aligning with the observed price action. A stop-loss would be placed just below the 0.02113 level, with a target at the 0.02156 high. Given the strong volume and RSI reaching overbought levels, the strategy may consider a partial take-profit or trailing stop to manage risk as volatility rises.