Market Overview for Ravencoin/Tether (RVNUSDT) on 2025-12-11

Summary
• RVNUSDT tested key support near $0.00785, finding a bounce but showing bearish momentum.
• Price formed a bearish engulfing pattern around 20:15 ET, suggesting continued downward pressure.
• RSI indicates oversold conditions, but divergence with price suggests a cautious outlook.
• Volatility expanded during late ET hours, with volume surging during sharp sell-offs.
• A 61.8% Fibonacci level near $0.00786 appears to offer immediate support ahead of a potential bounce.

Ravencoin/Tether (RVNUSDT) opened at $0.00798 on 2025-12-10 at 12:00 ET, reached a high of $0.00813, and a low of $0.00765, closing at $0.00761 at 12:00 ET. Total 24-hour volume was 57,096,934.3 and turnover was $438,112.

Structure and Candlestick Patterns

RVNUSDT displayed a strong bearish bias over the 24-hour period, with a key bearish engulfing pattern forming around 20:15 ET, confirming downward momentum. A doji appeared near $0.00785, signaling indecision. Support levels include the 61.8% Fibonacci retracement near $0.00786 and the 50-period moving average on the 5-minute chart.

Moving Averages and MACD

On the 5-minute chart, price stayed below the 20 and 50-period moving averages, reinforcing bearish sentiment. MACD showed a negative divergence with price, indicating weakening short-term momentum. The daily chart suggests a possible retest of the 200-period moving average at $0.00782 in the near future.

RSI and Bollinger Bands

RSI entered oversold territory near $0.00765 but failed to generate a strong rebound, highlighting bearish control. Bollinger Bands widened significantly during the late ET sell-off, with price briefly testing the lower band. A potential bounce could be expected if RSI breaks above 40, but this remains conditional on volume support.

Volume and Turnover

Volume spiked during the key bearish move from $0.00803 to $0.00765, especially between 21:15 ET and 00:45 ET. Notional turnover increased in tandem with price declines, confirming bearish conviction. A divergence between volume and price during the $0.00765–$0.00769 range suggests caution ahead of a potential reversal.

Fibonacci Retracements

The 61.8% Fibonacci retracement level at $0.00786 appears to be a critical near-term support, having previously halted the bearish move. A break below this would target the 78.6% level at $0.00778, with further bearish potential if the 50% level at $0.00793 is also retested.

RVNUSDT appears to be consolidating near key Fibonacci support with mixed momentum indicators. A sustained break below $0.00785 could trigger a test of the next support level at $0.00778. Traders should monitor the 50-period moving average and RSI for signs of reversal. While a rebound may occur, risks remain skewed to the downside in the near term.