Market Overview for Radiant Capital/Tether (RDNTUSDT) as of 2025-11-08

Summary
• Price action shows a bearish trend with a 24-hour low of $0.01443 and a high of $0.01577.
• Volume and turnover suggest fading buyer interest in the latter half of the session.
• A late-day rally attempt failed to break above the 0.0156 psychological level, indicating resistance.

RDNTUSDT traded between $0.01443 and $0.01577 over the past 24 hours, opening at $0.01485 on 2025-11-07 12:00 ET and closing at $0.01495 at 12:00 ET on 2025-11-08. The total volume amounted to 88,412,081, and the notional turnover reached $13,615,840. The pair appears to be consolidating after a failed breakout attempt near key resistance levels.

Key support and resistance levels for the 15-minute chart appear to be forming at $0.01485 (support) and $0.0156 (resistance). Notable candlestick patterns include a bearish engulfing pattern observed around 2025-11-07 23:45, indicating a shift in momentum. A doji formed at 2025-11-08 04:15, suggesting indecision among traders and a potential turning point in the short-term trend.

The 20-period and 50-period moving averages on the 15-minute chart indicate a bearish bias, with the 50-period line crossing below the 20-period line during a key sell-off. The MACD line turned negative, and the RSI dropped into oversold territory, suggesting short-term exhaustion among sellers. However, the RSI remains near 30, indicating potential for a near-term bounce.

Bollinger Bands show a moderate contraction late in the session, with price action hovering near the lower band. This may signal a period of low volatility ahead. Turnover remains consistent with earlier levels, but volume has dipped below its 50-period average, indicating reduced conviction in recent price movements. A divergence between price and volume suggests a need for caution ahead of any short-term breakouts.

Backtest Hypothesis

Given the absence of the automated "Bullish Engulfing" signal series for RDNTUSDT, the hypothesis remains unverified in this report. A manual input of confirmed signal dates would allow us to assess its effectiveness in capturing trend reversals. Without the signal, it is difficult to evaluate the strategy’s profitability. If the signal had been available, we could have tested its performance during key 15-minute price swings and compared it to Fibonacci retracement levels and RSI overbought/oversold conditions. This would have provided a clearer picture of its viability in a real-world backtesting scenario.