Market Overview: Radiant Capital/Tether (RDNTUSDT) - 2025-09-21

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• Radiant Capital/Tether (RDNTUSDT) traded in a 0.0216–0.0224 range, closing near 0.02192 after a choppy 24-hour session.
• A key bullish 61.8% Fib level at 0.02194 was tested and held, while 0.02161 acted as a key support.
• Momentum shifted late into a bullish recovery, with a volume-weighted bounce from the morning lows.
• RSI entered oversold territory mid-session but failed to confirm strong follow-through.
• Bollinger Bands widened after 06:00 ET, reflecting renewed volatility and increased buying pressure.

Radiant Capital/Tether (RDNTUSDT) opened at 0.02175 on 2025-09-20 at 12:00 ET and reached a high of 0.02249 during the session before closing at 0.02192 at 12:00 ET the following day. Total traded volume was approximately 49,669,000 RDNT, with notional turnover of about $1,096,600 USD.

Structure & Formations

Price action unfolded in a range-bound pattern over the first half of the session, but a distinct bullish breakout emerged around 06:00 ET. A key 61.8% Fibonacci retracement level at 0.02194 was retested during a morning pullback and held as support. Later in the session, a bearish Doji at 0.02212 suggested indecision before a strong green candle confirmed a bullish continuation. A multi-wave consolidation from 0.02208 to 0.02195 formed a bullish pennant pattern, indicating potential for a breakout to the upside.

Moving Averages and MACD

On the 15-minute chart, the 20-period MA (0.02193) crossed above the 50-period MA (0.02187), signaling a short-term bullish bias. MACD turned positive after 06:00 ET, with a narrowing histogram suggesting that momentum was building but not yet overwhelming. The RSI, while showing signs of bullish divergence (price lows lower, RSI lows higher), remained within neutral-to-oversold territory, suggesting a possible short-term bounce.

Bollinger Bands and Volatility

Volatility expanded significantly after 06:00 ET, as the upper Bollinger Band pushed up to 0.02249 and the lower band dropped to 0.02187, indicating heightened market activity. Price closed near the middle band, suggesting that the market may be consolidating after a period of high volatility. A retesting of the upper band could signal a potential breakout, while a fall back toward the lower band would indicate renewed bearish pressure.

Volume and Turnover

Volume spiked dramatically around 08:30–08:45 ET and again from 14:00–15:30 ET, coinciding with price rebounds off key support levels. The total notional turnover was $1,096,600, with a notable divergence in the volume profile: while volume increased in the second half of the session, price action did not close higher than the morning highs. This may suggest a lack of conviction in the current bullish wave.

Fibonacci Retracements and Major Levels

The 0.02161 level (38.2% Fib from the 0.02209–0.02183 swing) provided a critical support floor during a morning dip, while the 0.02194 level (61.8%) was tested and held, reinforcing its structural importance. On the 15-minute chart, a retracement of the 0.02236–0.02208 range placed key levels at 0.02219 and 0.02227. These levels are likely to be monitored for short-term direction.

Backtest Hypothesis

A potential backtesting strategy involves entering a long position after a bullish breakout of a 61.8% Fibonacci level, confirmed by a close above the 20-period MA and a positive MACD crossover. Stop-loss is placed at the previous swing low, and a take-profit target is set at the next resistance level. The strategy would aim to capture momentum-driven moves during periods of increased volatility, particularly in the early morning and late afternoon. This setup could be backtested over the past 30 days to evaluate its win rate and risk-adjusted returns.