Market Overview for Radiant Capital/Tether (RDNTUSDT) on 2025-11-06

Summary
• Price opened at $0.01394 and traded between $0.0136 and $0.01749, closing at $0.01459.
• Momentum accelerated sharply in early hours before retreating, suggesting short-term overbought conditions.
• Turnover surged in the morning before consolidating, with volume confirming bullish bias.

The Radiant Capital/Tether (RDNTUSDT) pair opened at $0.01394 (12:00 ET – 1) and closed at $0.01459 (12:00 ET) on 2025-11-06. Price reached a high of $0.01749 and a low of $0.0136. Total volume for the 24-hour period was approximately 204,123,442 units, translating to a notional turnover of $2,925.19. The 24-hour trading session showed a significant divergence between volatility and volume, with volume peaking in the morning hours during the upswing.

Structure & Formations

Price formed a bullish engulfing pattern around 02:30–04:00 ET as price surged from $0.0143 to $0.01465. A bearish reversal failed to materialize at $0.01749, with a long upper wick indicating rejection of higher levels. Key support levels appear at $0.0145 and $0.0142, while resistance is forming near $0.0148–$0.0149. A doji near $0.01466 (05:15 ET) suggests indecision before a resumption of bullish momentum in the afternoon.

Moving Averages

On the 15-minute chart, the 20SMA crossed above the 50SMA in the late morning, reinforcing the bullish trend. The daily 50SMA is currently at $0.0143, while the 200SMA sits near $0.0138, indicating that the 24-hour move remains within the long-term uptrend. The 100SMA at $0.0140 has acted as a support trigger point for multiple consolidations.

MACD & RSI

The MACD crossed above the zero line around 03:45 ET, signaling a strengthening of the bullish momentum. However, the RSI reached overbought territory at 75 by 05:00 ET, indicating potential exhaustion. The RSI later corrected to around 55 by the close, suggesting that the pair may need to consolidate before another leg higher. The divergence between RSI and price in the early morning may foreshadow short-term volatility.

Bollinger Bands

Volatility expanded dramatically in the early hours, with price reaching the upper Bollinger Band at $0.01749 before retracing. The narrow band contraction from 00:00–02:00 ET preceded a breakout, aligning with a classic volatility-congestion pattern. Price closed within the bands at $0.01459, with the middle band currently at $0.0144. If price continues to consolidate within the bands, traders may see a potential reversal or breakout in the next 24 hours.

Volume & Turnover

The most significant volume spike occurred around 05:00–06:30 ET, coinciding with the breakout above $0.0146 and the formation of a bullish engulfing pattern. Notional turnover during that window exceeded $500, peaking at $520. This volume confirmed the move higher, suggesting strong conviction among buyers. However, volume dropped in the afternoon as price consolidated, which could signal a potential pullback unless volume picks up again.

Fibonacci Retracements

Fibonacci levels applied to the 02:00–05:00 ET swing identified key retracements. The 61.8% level at $0.0155 was rejected, while the 38.2% level at $0.0148 provided temporary support. On the daily chart, the 50% Fibonacci retracement of the recent bullish wave is at $0.0141, currently holding as a key level. Price may retest these levels as it consolidates.

Backtest Hypothesis

The proposed backtest strategy leverages RSI to identify overbought conditions and subsequent price corrections. By entering at the next day’s open after a confirmed RSI crossover above 70 and exiting at the first close that marks a 5-day low, the strategy aims to capture short-term momentum reversals. The RSI-based trigger aligns with the recent overbought reading observed on 2025-11-06, suggesting that such a strategy could have captured the subsequent consolidation phase. However, the success of this hypothesis depends on consistent RSI signals and volatility patterns similar to those observed in the current 24-hour session. Given the strong volume confirmation seen during the morning breakout, the strategy may also need to account for false breakouts or overbought continuation in strong trending environments. This backtest will provide empirical insights into the strategy’s viability across different market conditions.