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Summary
• Price declined from 0.00704 to 0.00681 on 24-hour low-volume.
• 20-period 5-min MA remains above price, signaling bearish bias.
• RSI and MACD show weakening momentum, hinting at potential oversold conditions.
• Bollinger Bands suggest moderate volatility, with price near lower band.
• Volume spiked after 15:00 ET as price hit 0.00670, but no follow-through occurred.
Ravencoin/Tether (RVNUSDT) opened at 0.00704 on December 22 at 12:00 ET and closed at 0.00681 by 12:00 ET on December 23. The pair hit a 24-hour high of 0.00705 and low of 0.00669, with total volume of 31,516,622.5 units and a turnover of approximately $219,933. A bearish drift characterized the session, with a late afternoon selloff reaching a 24-hour low.
Structure & Moving Averages
Price remains below the 20-period 5-minute moving average, suggesting continued bearish pressure. The 50-period MA also shows a downward trajectory, reinforcing the bearish bias. On a daily chart, the 50- and 200-period MAs suggest the market has not yet tested significant resistance above the 0.00700 level, a prior consolidation zone.
Momentum and Volatility
MACD remains negative with a narrowing histogram, indicating weakening bearish momentum. RSI is approaching oversold territory, hovering near 30. Bollinger Bands have not shown a significant contraction, implying moderate volatility.

Volume and Divergence
Volume remained subdued in the early part of the session but spiked notably at 15:00 ET, coinciding with a drop to 0.00670. However, no follow-through occurred, indicating weak conviction in the move lower. Turnover was largely aligned with price action, with no significant divergence observed.
Fibonacci Retracements
A recent 5-minute swing from 0.00705 to 0.00669 shows the 0.00679 level acting as a 38.2% retracement support. On a daily chart, the 0.00680–0.00685 range corresponds to a key 61.8% retracement level from the recent peak. A break below 0.00675 could trigger further Fibonacci extensions to 0.00666, which would align with a continuation of the downtrend.
RVNUSDT has been trading within a well-defined bearish trend, with technical indicators such as RSI and MACD reinforcing the downward pressure. The price has remained below key moving averages and is currently near the lower Bollinger Band.
In the next 24 hours, a test of the 0.00675 level could provide an opportunity for a short-term bounce or a breakdown into deeper territory. Investors should remain cautious, as volatility remains moderate and a reversal or continuation could occur based on macro conditions or market sentiment.
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