Market Overview for Radiant Capital/Tether (RDNTUSDT)

Summary
• Price tested key resistance at 0.01040 but failed to hold.
• RSI signaled overbought conditions before a sharp pullback.
• Volatility surged during the early morning session.
• A bearish engulfing pattern formed around 0.01035–0.01038.
• Volume increased steadily into the early afternoon, confirming downward bias.

Radiant Capital/Tether (RDNTUSDT) opened at 0.01036 on 2026-01-07 at 12:00 ET, hit a high of 0.01040, fell to a low of 0.00995, and closed at 0.01012 as of 12:00 ET on 2026-01-08. Total volume reached 17,953,556.0, with a notional turnover of approximately 180,783.32.

Structure & Formations

Price action revealed a key swing high at 0.01040 and a corresponding swing low at 0.00995, forming a descending channel. A bearish engulfing pattern appeared at 0.01035–0.01038, suggesting a shift in momentum. A doji formed near 0.01012, signaling indecision.

Moving Averages

Short-term 20-period and 50-period moving averages on the 5-minute chart crossed lower, reinforcing the downward trend. Daily 50-period and 200-period moving averages remained neutral, indicating no clear directional bias at the longer horizon.

MACD & RSI

MACD turned bearish with a negative divergence, confirming the sell-off. RSI peaked above 70 into the early hours of 2026-01-08, signaling overbought conditions before a sharp correction. By the close, RSI had dropped into neutral territory, showing potential for a consolidation phase.

Bollinger Bands

Bollinger Bands expanded during the morning hours, reflecting increased volatility as price fell from 0.01040 to 0.00995. Price closed near the lower band at 0.01012, suggesting a possible oversold condition.

Volume & Turnover

Volume steadily increased through the morning session, peaking at 1,795,356 around 0.01010, coinciding with the steepest decline. Notional turnover surged during the same period, confirming price weakness. A divergence between volume and price during the late afternoon suggested potential for a short-term bounce.

Fibonacci Retracements

Fibonacci retracement levels on the 5-minute chart indicated key resistance at 0.01038 (61.8%) and support at 0.01025 (38.2%). Daily retracements highlighted a potential target near 0.00992 (61.8%), which price nearly reached.

Looking ahead, price appears to be testing immediate support at 0.01010–0.01005. A break below this could lead to a test of 0.00990. Investors should monitor RSI and volume for signs of a potential bounce or continuation lower. As always, the market remains volatile, and sudden shifts in sentiment could occur.