Market Overview for Radiant Capital/Tether (RDNTUSDT) as of 2025-10-06

• Price surged 5.8% in 24 hours on elevated volume and bullish momentum.
• Key support at 0.02045 and resistance at 0.02090 marked by recent volatility.
• RSI hit overbought territory, while volume surged 60% from prior 24 hours.
• Price tested Bollinger Band upper boundary twice, signaling heightened volatility.
• A bullish engulfing pattern formed near 0.02075, hinting at short-term follow-through.

24-Hour Summary

Radiant Capital/Tether (RDNTUSDT) opened at 0.02086 on 2025-10-05 at 12:00 ET and closed at 0.02155 as of 2025-10-06 at 12:00 ET. The 24-hour high was 0.02185, with a low of 0.02044. The total 24-hour volume was approximately 20,872,069.0 tokens, with notional turnover amounting to $447,149.23. This reflects a sharp 5.8% rally in price amid rising volume and momentum.

Structure & Formations

Price action revealed multiple bullish signals over the past 24 hours. A strong bullish engulfing pattern emerged at 0.02075 as buyers overwhelmed sellers, signaling a potential short-term reversal. The price also formed a series of higher highs and higher lows from 0.02045 to 0.02155, suggesting a strong uptrend. Resistance is clustering around 0.02090 and 0.02120, while key support levels appear at 0.02075 and 0.02050. A bearish reversal is unlikely without a close below 0.02050.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period SMAs crossed in favor of the bulls, with the price staying above both moving averages for most of the session. The 50-period line sits at ~0.02077, while the 20-period line is closer to 0.02110, signaling bullish alignment. The RSI reached 69 by 12:00 ET, nearing overbought territory, indicating strong momentum but potential for a pullback. The MACD histogram showed a consistent positive divergence, reinforcing the bullish bias.

Bollinger Bands and Volatility

Volatility expanded significantly as the 20-period Bollinger Bands widened from a range of ~0.02075–0.02095 to ~0.02044–0.02185. Price traded near the upper band multiple times, indicating aggressive buying. A contraction in band width is expected if the price consolidates around the 0.02115–0.02125 range, which could precede a breakout attempt.

Fibonacci Retracements and Key Levels

Fibonacci retracement levels applied to the recent 15-minute swing from 0.02044 to 0.02185 show key retracement levels at 0.02136 (38.2%), 0.02118 (50%), and 0.02100 (61.8%). These levels have acted as both support and resistance, with the price testing the 38.2% and 50% levels twice. A break above 0.02135 could target the 0.02165–0.02185 range, with the 0.02154 high acting as a psychological hurdle.

Volume and Turnover Analysis

Volume surged by over 60% in the last 6 hours, particularly in the 11:15–15:45 ET timeframe, during which the price broke out of the 0.02075–0.02125 consolidation. Turnover spiked on the rally from 0.02075 to 0.0213, with the largest spike occurring around 0.02135 on the 15-minute chart. A divergence between volume and price could signal a potential reversal, but current alignment supports further upside.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions on a bullish engulfing pattern forming at key support levels (e.g., 0.02075) with a stop-loss placed just below the support. The target would be the 38.2% and 50% Fibonacci retracement levels, followed by a trailing stop as the price moves beyond 0.02125. Given the current RSI and MACD alignment, this setup appears to have high probabilistic value over the next 24–48 hours, especially if the price continues to trade above the 20-period SMA and volume remains elevated.