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Summary
• Price action formed key resistance near 0.00756 and support at 0.00721–0.00723.
• Momentum slowed in RSI, with a weak overbought signal near 0.00755.
• Volatility expanded midday, with volume spiking above 6.8 million at 15:45 ET.
Ravencoin/Tether (RVNUSDT) opened at 0.00748 on 2026-01-15 at 12:00 ET, reached a high of 0.00756, a low of 0.00716, and closed at 0.00727 on 2026-01-16 at 12:00 ET. The pair traded 6,889,968.5 RVN, with a notional turnover of $49,520.29.
Structure & Formations
Price tested resistance at 0.00755 multiple times during the day, with a bearish engulfing pattern observed at 18:00 ET as the pair reversed lower after a failed rally. A key support level formed at 0.00721–0.00723, where buying interest reappeared after the midday dip. A doji appeared at 21:00 ET, signaling indecision near 0.00730, while a strong bearish reversal candle emerged at 15:45 ET as price dropped from 0.00722 to 0.00720.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages were closely aligned, indicating a tightening trend with a slight bearish bias. The 200-period daily moving average is currently above 0.00745, suggesting the recent decline has pushed

MACD & RSI
The 12:00–18:00 ET period saw a bearish divergence in RSI, with momentum slowing despite price moving higher. RSI reached a brief overbought level near 0.00755 before reversing sharply lower. MACD turned negative after 16:00 ET, confirming the bearish reversal and signaling weakening bullish momentum.
Bollinger Bands
Volatility expanded midday, with price breaking below the lower band at 15:45 ET as the pair fell to 0.00720. The 5-minute band width tightened during the overnight hours before expanding again with the midday move. Price has since remained within the bands, suggesting a return to a defined range.
Volume & Turnover
Volume surged at 15:45 ET with a 6.89 million RVN trade, accompanied by a turnover of $49,520.29 — the largest single 15-minute volume event of the 24-hour period. A strong volume–price correlation was observed during the midday and afternoon sell-off, while the final 3 hours showed mixed volume and limited directional bias.
Fibonacci Retracements
Applying Fibonacci levels to the 0.00756–0.00720 swing, price found support at the 61.8% level (0.00731), suggesting a potential short-term floor for near-term bounces. On the daily chart, a 61.8% retracement of the recent monthly high is around 0.00735–0.00737, a level that could attract near-term buyers.
RVNUSDT may test the 0.00730–0.00735 range in the coming 24 hours, with a possible rebound on renewed buying at 0.00727 or a break below 0.00723 potentially signaling further risk to the downside. Investors should monitor volume behavior at key Fibonacci and support levels for directional cues.
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