Market Overview for Radiant Capital/Tether (RDNTUSDT) on 2025-11-09

• Price formed key support at $0.01455, rebounding toward $0.01493.
• RSI showed overbought conditions near 70, indicating possible near-term pullback.
• Volatility increased with Bollinger Band expansion, signaling heightened uncertainty.
• Volume surged in late session, confirming price action from $0.01465 to $0.01493.
• Fibonacci retracement levels suggest key resistance at 0.01492 and 0.01498.

The 24-hour period for Radiant Capital/Tether (RDNTUSDT) opened at $0.01462 and closed at $0.01499, reaching a high of $0.01506 and a low of $0.01433. Total volume reached 11,228,176.0 with a notional turnover of approximately $167,429. The pair showed a distinct shift in momentum as buyers stepped in near key support levels.

Structure and formations revealed a strong bounce from $0.01455 on the 15-minute chart, which acted as a psychological floor. A bullish engulfing pattern formed at 22:00 ET, suggesting a short-term reversal. On the hourly chart, the price remained above its 20-period and 50-period moving averages, indicating a short-to-midterm uptrend. The 50-period moving average was trading at $0.01470, while the 100-period was at $0.01460.

Momentum indicators showed mixed signals. The RSI moved into overbought territory (above 70) in the final hours of the session, signaling a potential short-term correction. The MACD remained positive but began to show signs of divergence with price, particularly during the late-day rally. This may indicate that buyers are becoming exhausted.

Bollinger Bands expanded significantly during the rally, with price trading near the upper band for much of the last 6 hours. This suggests increasing volatility and heightened speculative activity. The 20-period standard deviation reached a peak of 0.00017, reinforcing the idea that the market was entering a period of uncertainty.

Volume spiked during the late-day push from $0.01465 to $0.01493, with notional turnover reaching $167,429. This confirms that the price action was supported by genuine buying pressure. However, divergence between price and volume near the close suggests that momentum may not be fully aligned.

Fibonacci retracement levels drawn from the 11:00 ET to 16:00 ET rally highlighted key resistance at $0.01492 (38.2%) and $0.01498 (61.8%). The price briefly tested the 61.8% level before closing just short, indicating that sellers may be active at those levels in the near term.

The backtest hypothesis described a strategy that outperformed the S&P 500 by 10.25 percentage points over the same period. The strategy likely capitalized on the late-day volatility and key Fibonacci levels by entering long near 20-period moving average support and exiting near the 61.8% retracement level. The use of RSI and volume confirmation aligns well with the technical conditions observed in the 24-hour data, making it a relevant and testable approach for this pair.