Market Overview for Radiant Capital/Tether (RDNTUSDT)

Summary
• Price consolidates between 0.0094 and 0.00948, with key support near 0.00938 and resistance above 0.00944.
• Momentum wanes on declining RSI, hinting at short-term exhaustion.
• Volume spikes after 12:00 ET, with turnover confirming late-day consolidation.
• A bullish engulfing pattern emerges after 17:30 ET as buyers reassert control.
• Volatility remains compressed within Bollinger Bands, suggesting a potential breakout酝酿.

Radiant Capital/Tether (RDNTUSDT) opened at 0.00942, peaked at 0.00948, and settled at 0.00942 by 12:00 ET. The pair traded between 0.00933 and 0.00948 with a 24-hour volume of 6,628,380.0 and turnover of approximately $63,000.

Structure & Key Levels

The price action suggests a tight trading range between 0.0094 and 0.00948, with a bullish engulfing pattern forming after 17:30 ET as the candle opened at 0.00941 and closed at 0.00946. This pattern indicates a potential short-term reversal. On the downside, 0.00938 appears to be a strong support level, while 0.00944 acts as a near-term resistance.

Volatility and Momentum

Bollinger Bands remain compressed for much of the session, signaling low volatility. RSI declined into mid-40s territory, suggesting weakening bullish momentum. A 50-period moving average (5-min) sits around 0.00942, aligning with the session’s closing price.

Volume and Turnover

Volume surged notably in the early hours of 12:00 ET, particularly in the 01:30–01:45 ET timeframe, where a large candle confirmed a drop to 0.00938. Turnover aligned with volume surges, reinforcing price action. However, price failed to maintain gains above 0.00944, suggesting a lack of conviction in the upper range.

Fibonacci and Retracement Levels

The 61.8% Fibonacci retracement of the 0.00933–0.00948 move sits at 0.00942, matching the closing price. This suggests the pair may consolidate here before breaking out.

The next 24 hours could see a breakout attempt from the 0.0094–0.00948 range, with 0.00938 as a critical support. A break below could extend losses toward 0.00935, but a sustained move above 0.00944 may reinvigorate bullish sentiment. Investors should monitor volume and RSI divergence closely for signs of conviction.