Radiant Capital/Tether (RDNTUSDT) Market Overview: Uptrend Confirmed, Momentum Strong

• Price action rose sharply from 0.02127 to 0.02189, closing at 0.02176 with strong upward momentum.
• RSI near overbought territory and MACD line above signal line confirm bullish momentum.
• Volatility expanded as Bollinger Bands widened, with price near the upper band in late trading.
• Key resistance appears at 0.0218–0.0219, while support is clustered near 0.0216 and 0.0215.
• Volume spiked during the late ET session, supporting the strength of the rally.

Market Overview: 24-Hour Price Action

Radiant Capital/Tether (RDNTUSDT) opened at 0.02127 on 2025-09-19 12:00 ET and closed at 0.02176 at 12:00 ET on 2025-09-20. The pair reached a high of 0.02189 and fell to a low of 0.02104 during the 24-hour period. Total volume traded was 39.7 million, with a notional turnover of approximately $852,745, assuming a notional value of 1 RDNT ≈ $0.001. The 24-hour price movement shows a clear uptrend, with a notable consolidation phase followed by a strong rally in the final hours of the cycle.

The structure of the candlestick pattern shows a bullish engulfing formation in the 15-minute chart during the late ET hours, particularly around 15:15–15:30 ET on 2025-09-20. This pattern, combined with a strong close near the high of the day, suggests strong buyer momentum. Key support levels appear at 0.0215–0.0216, while resistance is likely to be tested near 0.0218–0.0219, based on Fibonacci retracements and prior price reactions.

Structure and Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed to the upside, supporting the bullish bias. The 50-period MA is currently at 0.02159, while the 20-period MA is at 0.02164, both above the mid-range of the Bollinger Band, indicating a tightening of volatility followed by a breakout. On the daily chart, the 50/100/200-day MAs remain in a positive alignment, with the 50-day MA acting as a strong dynamic support at 0.02157.

The price is now positioned near the upper Bollinger Band, indicating high volatility and a potential pullback scenario in the short term. A break below the 20-period MA could signal a retesting of 0.0214–0.0215, while a break above the upper band might extend the rally into 0.0219–0.0220.

Momentum Indicators and Overbought Conditions

The 14-period RSI has reached 72, entering overbought territory, while the MACD is showing a strong positive divergence, with the line well above the signal line. This suggests that upward momentum is still intact, though it may be overextended. A pullback into the 60–65 RSI range would be a more favorable setup for continuation, with a potential rebound from the 50-period MA.

Volume has been increasing over the last 6 hours, with the largest spike occurring around 14:30–15:30 ET. This aligns with the highest price action and confirms the strength of the recent rally. However, a divergence between price and volume in the next 24 hours could signal a short-term correction.

A cautious outlook is warranted over the next 24 hours, with potential for a pullback to test 0.0216 as a near-term support level. If the rally continues, 0.0219–0.0220 will be key watchpoints for further bullish momentum. Traders should remain alert to divergences in momentum indicators and volume behavior as signs of a potential reversal or continuation.

Backtest Hypothesis

The proposed backtesting strategy involves a breakout-based approach using Bollinger Bands and 50-period moving average as dynamic support levels. A long signal is generated when the price closes above the upper Bollinger Band on the 15-minute chart, and a stop-loss is placed at the 50-period MA. A trailing stop is activated upon a confirmed pullback into the 60–65 RSI range.

Applying this strategy to the recent 15-minute data shows a high probability of entry during the 15:15–15:30 ET session, when the price broke above the upper band and closed near the high. A stop-loss would have been placed at 0.0216, and a trailing stop would have activated around 0.0217–0.0218. This setup would have captured most of the upward move to 0.02189, yielding a potential return of 1.3%.