Market Overview: Ravencoin/Tether (RVNUSDT) 24-Hour Analysis

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• Price declined from a high of 0.0115 to a low of 0.01101, with a 24-hour close of 0.01135.
• A bearish breakdown below key support at 0.01126 was confirmed in late ET hours.
• Volume surged at the 18:00–21:00 ET range, confirming the downward move.
• RSI and MACD signaled oversold conditions briefly, but price failed to rebound.
• Volatility expanded during the drop, with Bollinger Bands widening after midday.

Ravencoin/Tether (RVNUSDT) opened at 0.01148 on 2025-09-25 at 12:00 ET, reached a high of 0.0115, a low of 0.01101, and closed at 0.01135 on 2025-09-26 at 12:00 ET. The pair saw a total volume of 62,263,048.7 RVN and a total turnover of 697,224.24 USDT over the 24-hour window.

The price action formed a key bearish breakdown pattern as it broke below a critical support level at 0.01126 during the 17:30–18:00 ET timeframe. A large bearish candle confirmed the move, with the close at 0.01106 marking a 4.0% drop from the session’s open. The price remained below that level for much of the session, with a brief retest at 0.01126 failing to attract buying interest. A doji at 19:30 ET suggested a possible short-term pause, but the trend remained bearish.

Volume spiked during the 18:00–21:00 ET period, with a total of 31,938,474.4 RVN traded during that window—nearly half of the total 24-hour volume. The largest single candle was at 18:00 ET, with 12,524,065.4 RVN traded and a price drop to 0.01106. Notably, the price and volume moved in sync during the breakdown, which adds conviction to the bearish momentum.

The RSI hit a low of 30 in late ET hours, signaling oversold conditions, but the rebound failed to produce a meaningful reversal. MACD remained negative, with the line below the signal line and diverging from price, indicating bearish momentum. Bollinger Bands expanded during the price drop, with the close at 0.01135 near the lower band, suggesting a possible continuation of the downtrend.

The Fibonacci retracement levels on the 15-minute chart show the price retreating to the 61.8% level (0.01124) during the bounce in the early ET hours before falling again. On the daily chart, the move from 0.0115 to 0.01101 places the 38.2% level at 0.01132 and the 61.8% level at 0.01115—both of which may serve as key resistance and support in the short term. The 20-period EMA sits at 0.01132, while the 50-period EMA is at 0.01130, suggesting a possible consolidation near the 20-EMA if the price stabilizes.

Backtest Hypothesis
Given the confirmed breakdown below 0.01126 and the confluence of bearish signals from RSI, MACD, and volume, a potential backtest strategy could involve a short entry on a close below 0.01126 with a stop above the 0.01132 resistance. A target could be set at the 0.01115 Fibonacci level. The strategy would aim to exploit the continuation of the bearish momentum while using key levels as both profit targets and exit points. Given the volatility and volume confirmation, this setup has a higher probability of success compared to countertrend plays in the immediate term.