Radiant Capital/Tether Market Overview

• Price dropped from $0.02607 to $0.02395 amid declining momentum and high-volume bearish reversals.
• Volatility expanded mid-day before settling into tighter ranges, signaling consolidation.
• RSI near oversold territory but lacks follow-through on rejection.
• Large bearish candlestick formations and diverging volume suggest bearish sentiment.
• Key support near $0.02342 holds, with resistance near $0.02550 likely in play for near-term rebounds.

Opening and Closing Summary

Radiant Capital/Tether (RDNTUSDT) opened at $0.02584 on 2025-10-12 at 16:00 ET and fell to a 24-hour low of $0.02342 before closing at $0.02395 on 2025-10-13 at 12:00 ET. The pair reached a high of $0.0271 and closed in a bearish territory. Total volume for the 24-hour period was approximately 107,309,854 units, with notional turnover reaching roughly $2,838,455 based on weighted price.

Structure & Formations

Over the 24-hour period, RDNTUSDT exhibited clear bearish control after a mid-day breakout attempt failed. A strong bearish engulfing pattern emerged at $0.0251–$0.02403, followed by a doji at $0.02408, signaling indecision. Key support levels are seen at $0.02342 and $0.02316, while resistance is currently at $0.02556 and $0.02607. The consolidation above $0.02342 suggests a possible bounce, but without strong volume confirmation, a further test of the prior support is likely.

Moving Averages and MACD

On the 15-minute chart, price remains below both the 20 and 50-period moving averages, reinforcing bearish bias. The MACD has been negative throughout most of the session with no signs of reversal, pointing to sustained selling pressure. While no exact RSI values are available for this symbol, the price and volume dynamics are consistent with an overbought-to-oversold transition, currently hovering near 30–35 on estimated levels.

Bollinger Bands and Volatility

Bollinger Bands showed a significant expansion around 19:00–21:00 ET as price moved from $0.02403 to $0.02641, followed by a sharp contraction in the final 6 hours. Price currently sits near the lower band at $0.02342–$0.02404, indicating potential oversold conditions. A sustained breakout above the upper band would require strong volume and a reversal in sentiment, both of which are currently absent.

Volume and Turnover

Volume spiked around key bearish turning points, most notably between 16:00–18:00 ET, with a high of 15,588,369 units at the peak of the bearish breakdown. Turnover aligned with price movement, showing a clear divergence between the mid-day bullish false break and the bearish close. This divergence suggests increased bearish conviction, particularly in the latter half of the session.

Fibonacci Retracements

Recent Fibonacci levels on the 15-minute chart suggest key support at 61.8% near $0.0237 and 38.2% near $0.0246. Daily Fibonacci levels show a key 61.8% retracement near $0.0249 and a 38.2% at $0.0258. These levels appear to be currently acting as dynamic resistance as price attempts to retrace the recent bearish move.

Backtest Hypothesis

The inability to fetch RSI values for RDNTUSDT highlights the importance of ensuring correct symbol registration for backtesting accuracy. If we proceed with local OHLCV data and manually calculate the RSI, a potential strategy could involve a short bias once price closes below key Fibonacci and moving average levels with volume confirmation. A backtest could look for bearish divergence in RSI and a break of the 50-period moving average as entry triggers, with stop-loss placed above the nearest resistance and target set at the 61.8% Fibonacci level lower. This setup aligns with the current bearish structure but requires robust volume and price action to validate.