Market Overview for Reserve Rights/Tether (RSRUSDT): 2025-09-14

• Price tested key support and resistance levels, forming multiple reversal patterns.
• Volatility remained subdued but showed signs of increasing toward the end of the 24-hour period.
• RSI moved into oversold territory, suggesting potential for near-term recovery.
• Notional turnover increased during bearish swings, hinting at increased selling pressure.

Reserve Rights/Tether (RSRUSDT) opened at 0.008111 on 2025-09-13 at 12:00 ET and closed at 0.007949 by 0.00 on 2025-09-14. The pair reached a high of 0.008142 and a low of 0.007878 during the 24-hour period. Total volume amounted to approximately 223,124,382.42, with a notional turnover of $1,793,102.49.

Structure & Formations

Price action revealed key support at 0.007982 and resistance at 0.008081 during the 24-hour span. A bearish engulfing pattern emerged at 2025-09-13 17:15, followed by a doji at 2025-09-14 05:30 that may signal exhaustion in the current bearish trend. A larger bearish reversal pattern formed around 2025-09-14 01:15, with the close near the session low, indicating increased bearish conviction.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA (a “death cross”), reinforcing short-term bearish momentum. On the daily chart, the 50-period MA is positioned above the 100-period MA, while the 200-period MA remains as a key long-term support level. Price is currently below all three, indicating bearish alignment for the intermediate timeframe.

MACD & RSI

The MACD line crossed below the signal line, with a bearish histogram, reinforcing the downtrend. RSI dropped to 27 by 2025-09-14 05:30, signaling oversold conditions, but without confirmation from bullish price action. This suggests a potential short-term bounce but may not be enough to reverse the larger downtrend.

Backtest Hypothesis

A backtesting strategy was proposed, which involves using the 50-period and 200-period moving averages as a cross-over system, combined with RSI entering oversold territory as a filter for potential short-term bounces. The hypothesis suggests that a long entry could be triggered when RSI drops below 30 and price crosses above the 50-period MA, with a stop-loss placed below a key support level identified in the past 24 hours. A target level would be set at 61.8% of the most recent bearish swing.

Bollinger Bands

Price action remained within the Bollinger Bands throughout the period, with a slight contraction observed around 2025-09-13 22:00, followed by a breakout to the downside by 2025-09-14 01:00. This expansion suggests a potential increase in volatility and may indicate the continuation of the current bearish trend. Price has remained near the lower band, reinforcing bearish sentiment.

Volume & Turnover

Volume increased during bearish swings, particularly at 2025-09-14 01:15 and 01:30, with notional turnover peaking at $7,028.87 during the 01:15 candle. The divergence between volume and price during the 2025-09-14 05:15 candle may hint at weakening bearish momentum. However, the overall trend remains bearish.

Fibonacci Retracements

Key Fibonacci levels from the recent high of 0.008142 to the low of 0.007878 show 38.2% at 0.008035 and 61.8% at 0.007963. Price appears to have tested both levels with mixed results, suggesting that the 61.8% level could act as a key area of support for the next 24 hours. A break below 0.007922 would bring the 78.6% level into focus.

Looking ahead, RSRUSDT may test the 0.007963 level in the next 24 hours. While the RSI has entered oversold territory, caution is advised given the bearish alignment of moving averages and the bearish volume profile. Traders should monitor the 0.007922 support and 0.008061 resistance for potential pivots.