Market Overview: Ravencoin/Tether (RVNUSDT) – 24-Hour Technical Summary (2025-11-11)

• Price formed a bullish engulfing pattern late in the session.
• RSI shows bearish divergence amid overbought levels.
• Volume surged at resistance levels with mixed price action.
• Price consolidated near 0.0102 after an intraday high of 0.01065.
• Bollinger Band contraction suggests potential volatility expansion.

Ravencoin/Tether (RVNUSDT) opened at 0.01049 on 2025-11-10 at 12:00 ET, reached a high of 0.01065, a low of 0.01015, and closed at 0.01023 by 12:00 ET on 2025-11-11. Total volume for the 24-hour period was 91,274,723.90, with a notional turnover of approximately $9.26 million.

The price action displayed mixed momentum throughout the day, with a sharp rally in the early evening hours on the 15-minute chart, where RVNUSDT surged to a session high of 0.01065 before retracting. A bullish engulfing pattern emerged at 0.01055–0.01057, but failed to hold amid waning buying pressure. On the daily chart, price tested key resistance at 0.01052 and 0.01062, failing to break through either, and found support at 0.0102 and 0.01015.

The 20-period and 50-period moving averages on the 15-minute chart crossed below price late in the session, indicating a bearish near-term bias. On the daily timeframe, the 50-period MA at 0.01046 and the 200-period MA at 0.01038 show a bullish trend but are now being tested. MACD (12, 26, 9) showed a bearish crossover in the last hour, with negative divergence on the RSI(14), which peaked above 70 earlier in the session but closed at 56.

Bollinger Bands showed a mild contraction in the early morning hours, narrowing the range between 0.01032 and 0.01048. Price spent much of the day outside the upper band, indicating overbought conditions, but retracted sharply in the afternoon to close just above the lower band. The 38.2% and 61.8% Fibonacci retracement levels from the recent high (0.01065) are at 0.0105 and 0.01036, respectively; both levels appear to have acted as temporary barriers.

Given the bearish divergence in RSI and the failed tests of key resistance levels, there is a moderate risk of further consolidation or a pullback in the next 24 hours. Traders should closely monitor volume dynamics and whether RVNUSDT can break above 0.01052 with increasing participation.

A potential backtest could evaluate the effectiveness of selling RVNUSDT upon RSI(14) reaching 70 and exiting the next day. This strategy assumes a short trade is opened at the overbought signal and covered one day later, without considering position sizing or slippage.