Market Overview for Radiant Capital/Tether USDt (RDNTUSDT) – 2025-09-05

• Price rose from $0.0198 to $0.0208 on strong volume and a bullish breakout pattern.
• Momentum indicators suggest accelerating buying pressure, with RSI entering overbought territory.
• Volatility expanded as Bollinger Bands widened; key support at $0.0199, resistance at $0.0205.
• 15-minute volume spiked in the final hours, confirming strength ahead of the 24-hour close.
• A large bullish engulfing and a bullish wedge breakout support a continuation higher in the near term.

Radiant Capital/Tether USDt (RDNTUSDT) opened at $0.0198 on 2025-09-04 at 16:00 ET and surged to a 24-hour high of $0.0208 by 13:15 ET on 2025-09-05. It closed at $0.0208 after trading between $0.0196 and $0.0208. Total volume across the 24-hour period was 17.13 million tokens, with notional turnover of $3.56 million.

Structure & Formations

The 15-minute chart reveals a bullish breakout from a tightening wedge pattern, confirmed by a strong candle at 13:15 ET. A large bullish engulfing pattern occurred between 12:45–13:00 ET, with the close at $0.0208. Key support levels were tested at $0.0199 and $0.0198, which were rejected. Resistance levels at $0.0205 and $0.0208 have held firm as recent price action consolidated above.

Moving Averages

On the 15-minute chart, the 20-period MA (SMA) crossed above the 50-period line, indicating bullish momentum. The 50-period MA is now acting as a dynamic support at $0.0203. On the daily timeframe, the 100- and 200-period MAs are aligned lower, suggesting a broader uptrend remains intact. The 50-period daily MA is now being tested at $0.0204, which could either confirm or reject a stronger upward bias.

MACD & RSI

The MACD crossed into positive territory early in the session and remains above the zero line, signaling bullish momentum. The RSI climbed to 68 by the end of the 24-hour period, indicating overbought conditions. While this may limit near-term gains, it is still within a constructive bullish range. The divergence between volume and RSI is minimal, suggesting momentum remains strong.

Bollinger Bands

Bollinger Bands widened significantly in the final hours, indicating increased volatility. Price traded just below the upper band at $0.0208, suggesting accumulation at higher levels. The 20-period middle band is currently at $0.0203, and the lower band is around $0.0199, where buyers stepped in on several occasions during the session. A sustained break above the upper band could signal a continuation of the uptrend.

Volume & Turnover

Volume spiked sharply in the final 24 hours, peaking at 523,133 tokens during the 13:15–13:30 ET candle. Notional turnover followed suit, confirming the bullish price action. Notably, volume was above average during the breakout candle, which supports the validity of the move. No significant divergence between price and volume was observed, indicating solid conviction in the rally.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from $0.0196 to $0.0208, key retracement levels at $0.0202 (38.2%) and $0.0200 (61.8%) acted as minor support and resistance. The 123% extension level is now at $0.0210, which could serve as a target for a continuation move if the trend persists. On the daily chart, the 61.8% retracement from earlier corrections is at $0.0206, currently in play.

Backtest Hypothesis

A potential backtest strategy could involve going long on a breakout above the 20-period MA, confirmed by volume expansion and a bullish engulfing pattern. A stop-loss could be placed just below the $0.0199 support level, with a target at the $0.0210 Fibonacci extension. The RSI should remain above 50 to maintain momentum, and a MACD crossover above zero would confirm entry conditions. This approach assumes a continuation of the current bullish bias and a lack of macro-level bearish catalysts.