Market Overview for Reserve Rights (RSRUSDT)

• Reserve Rights (RSRUSDT) traded in a bullish consolidation pattern, rising from 0.009248 to 0.00995 on 15-minute charts.
• A strong bullish engulfing pattern formed during the 18:45–19:00 ET window, signaling potential momentum.
• Volatility expanded in the early session, with a 15-minute range of 0.00027, before settling into tighter consolidation.
• Turnover surged to $662.5M during the 19:15 ET candle, suggesting increased institutional participation.
• RSI reached overbought territory near 75, indicating a potential pullback may be due in the short term.

Reserve Rights (RSRUSDT) opened at 0.009248 on July 19 at 12:00 ET and closed at 0.009699 on July 20 at 12:00 ET. The 24-hour high was 0.00995, and the low was 0.009246. Total volume was approximately 521,607,697.8, with notional turnover reaching $5.0 million.

Structure & Formations

The price of RSRUSDT formed a bullish consolidation pattern throughout the day, with a key resistance level forming around 0.00995 and support near 0.00969. A bullish engulfing pattern emerged during the 18:45–19:00 ET candle, confirming a reversal from bearish to bullish sentiment. A potential bearish reversal doji formed at 0.009868 during the 00:30–00:45 ET window, suggesting temporary indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish manner during the 18:30–19:00 ET window, reinforcing the upward momentum. The price remained above both moving averages for most of the session, indicating bullish bias. On the daily chart, the 50-period MA is approaching the 100-period MA, suggesting a potential convergence or crossover in the near term.

MACD & RSI

The MACD line remained above the signal line for most of the session, indicating bullish momentum. A strong positive divergence formed in the early hours of July 20, reinforcing the potential for a continuation of the upward trend. The RSI reached overbought levels near 75 during the 19:00–19:15 ET window, suggesting that a pullback or consolidation may be due.

Bollinger Bands

Volatility expanded in the early session, with the 15-minute Bollinger Bands widening to a range of 0.00027. Price action remained within the bands for most of the session, with a brief touch of the upper band during the 18:45–19:00 ET candle. A contraction in the bands occurred during the 03:00–04:00 ET window, indicating a potential breakout or breakdown in the near future.

Volume & Turnover

Volume surged to a high of 66,258,827.89999998 during the 19:15 ET candle, with a corresponding notional turnover of $638,170. This suggests increased participation from larger market players. A divergence between price and volume was observed during the 05:30–06:00 ET window, where price continued to rise despite a drop in volume.

Fibonacci Retracements

Key Fibonacci levels were observed on both the 15-minute and daily charts. On the 15-minute chart, price tested the 61.8% retracement level at 0.00969 before consolidating. On the daily chart, the 38.2% retracement level at 0.00972 acted as a strong support. These levels may serve as potential targets or pivots for the next 24 hours.

RSRUSDT may continue to test the 0.00995 resistance level in the near term, with a potential for a pullback to 0.00969–0.00972 if overbought conditions persist. Investors should monitor volume and RSI levels for signs of exhaustion or continuation. As always, the market remains volatile, and sudden reversals could occur with minimal warning.