Market Overview: Ravencoin/Tether (RVNUSDT) - 24-Hour Action on 2025-09-20

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• RVNUSDT fluctuated between 0.0128 and 0.01309, with a closing near 0.01308 after a late-day rally.
• A bullish momentum build-up emerged in the final hours, with volume increasing sharply during the 15:00–16:00 ET window.
• Key resistance at 0.01305–0.01307 appears tested, while support levels at 0.01295–0.01298 remain intact.
• RSI and MACD show early overbought signals, suggesting a possible pullback or consolidation.

Ravencoin/Tether (RVNUSDT) opened at 0.01298 on 2025-09-19 at 12:00 ET and closed at 0.01308 at 12:00 ET on 2025-09-20. The 24-hour high was 0.01311, and the low was 0.01276. Total volume amounted to 91.4 million RVN, with a notional turnover of approximately $11.1 million.

The structure of the past 24 hours showed a clear swing low forming just before 23:30 ET on 2025-09-19, followed by a gradual reversal into a bullish bias. A notable bullish engulfing pattern emerged at the start of the 2025-09-20 session, indicating a possible short-term reversal from prior bearish momentum. Key support appears at 0.01295–0.01298, with resistance forming at 0.01305–0.01307. A doji formed near 0.01302 during the 08:15 ET candle, signaling a pause in bullish momentum.

The 15-minute 20-period and 50-period moving averages have begun to converge in a bullish crossover pattern since 01:00 ET. The 50-period MA has crossed above the 20-period MA, confirming a short-term upward shift in trend. On the daily chart, the 50-period MA has recently crossed above the 100-period MA, suggesting a broader bullish bias could be emerging.

RSI has entered overbought territory, hitting 72 at one point during the 15:00–16:00 ET window, indicating a possible near-term correction. MACD remains positive, with the histogram expanding, but the signal line has started to lag behind the MACD line, hinting at potential momentum exhaustion. Bollinger Bands have widened significantly during the final hours of the day, reflecting heightened volatility. Price has remained within the upper band, with a potential pullback toward the mid-band (0.01301–0.01304) expected.

Volume surged during the 15:00–16:00 ET window, aligning with the price’s push above 0.01307. Notional turnover also spiked during this period, confirming the price move. However, a divergence appears to be forming between volume and price during the 16:00–17:00 ET session, where volume tapers slightly while the price remains near highs. This could indicate waning buying pressure.

Applying Fibonacci retracements to the 2025-09-19 swing low to the 2025-09-20 high, the 61.8% level is at 0.01305, currently overlapping with the immediate resistance zone. This level may act as a pivot point in the next 24 hours. The 38.2% level at 0.01300–0.01301 remains relevant for a potential bounce or retest.

In the next 24 hours, RVNUSDT may test the 0.01307–0.01311 resistance cluster, with a potential pullback toward the 0.01300–0.01304 zone. Investors should watch for a potential breakout or reversal pattern forming near key levels, while being mindful of divergences in volume and momentum indicators.

The backtesting strategy described focuses on capturing short-term momentum shifts using a combination of candlestick patterns, RSI overbought/oversold conditions, and volume confirmation. A potential signal for this strategy would be the bullish engulfing pattern observed at the start of the 2025-09-20 session, especially when confirmed by rising volume and a MACD crossover. Given the current overbought RSI and diverging volume, the strategy may now shift to a more cautious stance, prioritizing short-term profit-taking or hedging.