Market Overview for Reserve Rights/Tether (RSRUSDT) – 24-Hour Summary

• RSRUSDT opened at $0.007404 and closed at $0.007379, with a high of $0.007569 and low of $0.007353.
• The pair exhibited bearish momentum late in the session with a breakdown below key support levels.
• Volume increased significantly after 18:00 ET, confirming bearish conviction.
• RSI and MACD signaled overbought conditions earlier but reversed into oversold territory by the close.
• Volatility expanded mid-session before contracting near the close, suggesting short-term indecision.

Opening, Closing, and Key Levels

Reserve Rights/Tether (RSRUSDT) opened at $0.007404 on 2025-09-16 at 12:00 ET and closed at $0.007379 at 12:00 ET on 2025-09-17. The 24-hour range was between $0.007353 and $0.007569. Total volume reached 104,685,363.69999997, with a notional turnover of approximately $755,700 (calculated as price × volume). Price action suggests a bearish shift, especially as the session closed below key moving averages.

Structure & Formations

On the 15-minute chart, RSRUSDT formed a bearish engulfing pattern at the peak of the $0.007569 high, signaling a potential reversal. A key support zone emerged around $0.007460–$0.007480, which held several times before failing late in the session. A breakdown below $0.007450 confirmed bearish momentum, with price testing support levels as low as $0.007355 before stabilizing slightly. A bearish flag pattern formed from 20:00 to 02:00 ET, reinforcing the downward bias.

Moving Averages

On the 15-minute chart, price closed below both the 20-period (0.007486) and 50-period (0.007494) moving averages, reinforcing the bearish bias. On the daily chart, RSRUSDT closed below all major moving averages—50-period (0.007501), 100-period (0.007495), and 200-period (0.007483)—suggesting continued bearish pressure. A move back above the 50-period MA would be a key reversal signal.

MACD & RSI

MACD turned negative in the final hours of the session, confirming bearish momentum. RSI dropped into oversold territory by the close (RSI ≈ 29.3), indicating short-term bear exhaustion. However, this could be a potential entry point for short-term bulls. Both indicators suggest a possible near-term rebound but remain cautious on a long-term basis.

Bollinger Bands

Volatility expanded mid-session, as seen by the widening of the Bollinger Bands, with price reaching the upper band at $0.007569. By the close, price had pulled back into the lower half of the band, settling near the lower band at $0.007379. This contraction near the close indicates a potential consolidation phase, but the low volatility may not last as bearish sentiment remains strong.

Volume & Turnover

Volume surged significantly after 18:00 ET and again after 22:00 ET, confirming the bearish breakdowns. Notional turnover increased in tandem with price declines, aligning with bearish confirmation. There was no divergence between volume and price during the session, reinforcing the strength of the downward move.

Fibonacci Retracements

Applying Fibonacci to the key swing high of $0.007569 and low of $0.007355, the 38.2% level is at $0.007473 and the 61.8% at $0.007407. Price tested the 61.8% level before breaking below it, suggesting further support may be needed at $0.007355 or even $0.007330–$0.007285.

Backtest Hypothesis

A potential backtesting strategy involves entering short positions on a close below the 50-period moving average with a stop above the 20-period MA and a target at the 61.8% Fibonacci level. Given the current structure, a trailing stop-loss could be used if price stabilizes near $0.007380–$0.007400. The MACD crossover below zero and RSI entering oversold territory could act as early exit signals for short-term traders aiming for mean reversion.