Market Overview for Reserve Rights/Tether (RSRUSDT)

• Price declined from 0.004496 to 0.004308 before recovering to 0.004485.
• Key support tested at 0.004308 and failed.
• Volume spiked during the 20:30–21:00 ET selloff.

Reserve Rights/Tether (RSRUSDT) opened at 0.004492 on 2025-11-04 at 12:00 ET, reached a high of 0.004496, and a low of 0.004308 before closing at 0.004485 on 2025-11-05 at 12:00 ET. Total 24-hour trading volume was 292.46 million tokens, with a notional turnover of $1.32 million.

The price action revealed a bearish breakdown from 0.004428 to 0.004308 during the early session, followed by a partial recovery later in the day. A key support zone between 0.004308–0.004353 appeared to be tested twice, with the second attempt showing stronger buying interest. A long lower wick in the 15-minute candle at 21:00 ET suggested a rejection of the low, signaling potential short-term stability.

The 20-period and 50-period moving averages on the 15-minute chart crossed below the price in the morning, reinforcing the bearish momentum, though both began to converge with the price in the late session. Notable bearish divergence emerged between the price and RSI during the 20:30–21:00 ET selloff, suggesting overextended short-term sentiment. Meanwhile, the MACD showed a bearish crossover early in the session but began to flatten as the price recovered.

Bollinger Bands reflected a period of contraction in the early morning, followed by a sharp expansion during the 17:00–20:30 ET selloff. Price remained near the lower band during this period, indicating heightened volatility and potential for a rebound. Fibonacci retracements from the 0.004496 high to the 0.004308 low showed strong alignment with key levels at 0.004396 (38.2%) and 0.004428 (61.8%), both of which were tested and held during the late session.

A strong rebound is likely to test 0.004485–0.004496 as resistance in the next 24 hours, but a retest of the 0.004308 support remains a risk. Investors should monitor volume and RSI divergence for signs of exhaustion or renewed bearish pressure.

Backtest Hypothesis
Given the bearish divergence observed in the RSI and the strong rejection of the 0.004308 level, a potential backtest strategy could be to short the pair on a close below 0.004385 with a stop-loss above 0.004428. A long entry may also be considered on a breakout above 0.004485 with a stop-loss below 0.00444. This strategy would align with the observed volatility and key Fibonacci levels. However, due to the unavailability of RSI data, a precise backtest cannot be conducted without a validated data source or a user-supplied OHLCV file covering the necessary timeframe.