Summary
• Price tested key resistance near $0.01025 before consolidating lower in late New York hours.
• Volume surged during a 5.5% rebound off $0.01007 but failed to confirm a reversal.
• RSI entered oversold territory twice, failing to trigger sustained buying momentum.
Market Overview
Radiant Capital/Tether (RDNTUSDT) opened at $0.01017 on 2026-01-17 12:00 ET and traded as high as $0.01036 and as low as $0.00997 before closing at $0.01002 on 2026-01-18 12:00 ET. The 24-hour volume totaled 10,356,619.0 tokens, with a notional turnover of $103,089.11.
Structure & Formations
Price repeatedly tested resistance around $0.01025, failing to hold above it after a short-lived bullish breakout. A bearish engulfing pattern formed at $0.01025 on 2026-01-17 21:15 ET, followed by a doji near $0.01023. A large bearish candle closed the 5-minute chart at $0.01007, suggesting bearish exhaustion may be in progress.
Moving Averages
On the 5-minute chart, price consistently fell below both 20- and 50-period SMAs, confirming a short-term bearish bias. Daily 50- and 200-period MA crossovers remain neutral, with no clear divergence from the short-term trend.
Momentum & Volatility
MACD showed weakening bullish momentum during the mid-session rebound but quickly diverged from price.
RSI hit oversold levels below 30 near $0.00997 but failed to rally decisively. Bollinger Bands widened during the 5.5% recovery but have since contracted as volatility subsided.
Volume & Turnover
Volume spiked during the $0.01007–$0.01025 rebound, peaking at 2,496,734.0 tokens. Notional turnover followed the volume closely, confirming price action during the move higher. A divergence emerged in the late hours as volume dropped despite tight trading ranges, signaling fading conviction.
Fibonacci Retracements
On the 5-minute chart, the recent $0.00997–$0.01036 swing places current price near the 61.8% retracement level at $0.01012. A break below $0.01007 could target the 78.6% level at $0.00999. On the daily chart, no major Fibonacci levels appear immediately relevant to the next 24-hour session.
Price appears to be entering a consolidation phase after multiple attempts to reclaim $0.01025 failed. A break below $0.01005 could trigger renewed selling pressure toward $0.00995. Investors should remain cautious of thin volume and lack of clear momentum as signs of indecision in the market.
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