Market Overview for Radiant Capital/Tether (RDNTUSDT): 24-Hour Downtrend and Technical Signals

• Radiant Capital/Tether (RDNTUSDT) saw a 24-hour decline of -10.2% amid heightened bearish momentum and increased bearish volume bias.
• Price broke below key intraday support at 0.01562, signaling a potential continuation of downward movement.
• RSI and MACD confirmed oversold conditions, though divergence between price and volume suggests caution for near-term rebounds.
• Volatility expanded with a wide 15-minute range from 0.01465 to 0.01614, indicating market uncertainty and potential range trading.
• Bollinger Bands show price hovering near the lower band, suggesting a possible bounce or further sell-off depending on order flow.

Price Action and Volume

Radiant Capital/Tether (RDNTUSDT) opened at 0.01569 on October 29 at 16:00 ET and fell to a 24-hour low of 0.01465 before closing at 0.01534 as of 12:00 ET on October 30. Total volume across the 24-hour period reached 21,685,023.0, while notional turnover reached approximately $339,700. The price decline was marked by bearish engulfing and dark cloud cover patterns, especially in the early evening ET hours, indicating strong selling pressure.

Structure and Key Levels

Support levels emerged around 0.01534 and 0.01501, with resistance at 0.01562 and 0.01584. The 0.01562 level appears to be a critical area, as it was tested multiple times during the session but failed to hold. A doji near 0.01593 suggests indecision, while a long bearish candle at 0.01602 confirmed bearish control.

Volatility and Momentum

The Bollinger Band volatility range expanded significantly during the 15-minute period from 20:30–21:00 ET, as the pair moved from 0.01601 to 0.01585, indicating increased uncertainty. The RSI dropped below 30 at 0.01562, suggesting oversold conditions, though price continued to fall despite this signal, pointing to potential exhaustion or bearish continuation. MACD showed a bearish crossover, with the line below the signal line and declining momentum.

Backtest Hypothesis

A backtest strategy using RSI as a trigger for entry signals—particularly when RSI ≤ 30—was attempted for the Harbor Alpha Layering ETF. While the RSI data was successfully retrieved, the backtest engine encountered a “price data node” error, likely due to a mismatch in ticker symbols or incomplete historical data. To ensure robust testing, it is crucial to confirm the correct ticker symbol for the ETF across both RSI and price data sources. Alternatively, using a widely tracked index ETF such as SPY could serve as a viable demonstration ticker while resolving the original issue. This highlights the importance of verifying symbol consistency in backtesting systems.

Forward-Looking Outlook and Risk Caveat

In the next 24 hours, a test of the 0.01534 support level may occur, with potential for a bounce if buying pressure emerges. However, a break below that level could target 0.01501 and 0.01478. Traders should remain cautious of potential divergence between RSI and price, which may indicate a temporary countertrend rally. A continuation of bearish momentum, especially with increased volume, could pressure the pair further toward 0.0145 or lower.