Market Overview for Ravencoin/Tether (RVNUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Jan 5, 2026 2:23 pm ET1min read
RVN
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Aime RobotAime Summary

- RVNUSDT price dropped sharply to 0.00764, forming bearish engulfing patterns and hitting a 24-hour low.

- RSI approached oversold levels near 0.00769, but failed to trigger a rebound despite a volume spike.

- Bollinger Bands expanded during the decline, with Fibonacci levels at 0.00773 and 0.00781 acting as key support/resistance.

- Weak buyer participation and bearish divergence suggest downside risks remain, with potential for further breakdown below 0.00767–0.00769.

Summary
• Price action declined sharply from 0.00796 to 0.00764, forming bearish engulfing patterns.
• RSI indicated oversold conditions near 0.00767–0.00769, but price failed to rebound.
• Volume surged during the low near 0.00769, but turnover failed to confirm strength.
• Bollinger Bands showed expansion during the decline, suggesting increased volatility.
• Fibonacci levels at 0.00773 and 0.00781 appear as short-term support and resistance.

At 12:00 ET–1, Ravencoin/Tether (RVNUSDT) opened at 0.00795 and closed at 0.0077 at 12:00 ET, hitting a high of 0.00796 and a low of 0.00764 over the 24-hour period. Total volume was 15,912,116.3, with a notional turnover of 123,588.15 USDT.

Structure & Formations


Price formed multiple bearish engulfing patterns during the decline from 0.00796 to 0.00769, particularly around 0.00788–0.00783 and 0.00781–0.00777. A doji formed briefly near 0.00779 at 23:30 ET, hinting at indecision. Key support levels emerged around 0.00773 and 0.00769, while 0.00781 and 0.00785 acted as resistance.

Moving Averages


The 20-period and 50-period moving averages on the 5-minute chart shifted downward as price dropped below them, reinforcing bearish momentum. Daily chart averages (50, 100, 200) were not breached due to the low intraday range in the final hours, but the 50-period line now appears as short-term resistance.

MACD & RSI



The MACD histogram turned negative throughout the session, with bearish divergence as price hit 0.00769. RSI approached oversold levels (below 30) but failed to trigger a reversal, indicating potential for further downward pressure if volume picks up on short-covering or buying at new lows.

Bollinger Bands


Bands expanded during the sharp decline, reflecting heightened volatility. Price traded near the lower band at several points, particularly between 0.00777 and 0.00769, suggesting distribution rather than support.

Volume & Turnover

Volume spiked near the low at 0.00769, but turnover failed to confirm strength, indicating weak buyer participation. A divergence between rising volume and falling price suggests potential exhaustion or accumulation by larger players.

Fibonacci Retracements


Recent 5-minute swings show 0.00773 (38.2%) and 0.00781 (61.8%) as key retracement levels. Daily retracement levels based on the 0.00796 to 0.00769 move also align with these levels, making them critical for near-term direction.

In the next 24 hours, price may test the 0.00767–0.00769 range for a potential bounce or further breakdown. Investors should monitor volume and RSI divergence for early signs of exhaustion or reversal. Risk remains skewed to the downside, with limited near-term catalysts for a rebound.