Ravencoin/Tether (RVNUSDT) Market Overview

Summary
• Price opened at $0.00989 and closed near $0.01005 after a volatile 24-hour period.
• A sharp intra-day rebound from a low of $0.0096 was supported by a 15-minute bullish engulfing pattern.
• Volatility expanded after 18:00 ET with a high of $0.0122 and a closing pullback to $0.01005.

Ravencoin/Tether (RVNUSDT) opened at $0.00989 on 2025-11-05 at 12:00 ET and closed at $0.01005 at the same time on 2025-11-06. The 24-hour period saw a high of $0.0122 and a low of $0.0096. Total volume was approximately 328,884,356.75 and total turnover was $3,287,968.94, indicating moderate yet uneven trading activity.

Structure & Formations

Price broke out temporarily above $0.0122 at 18:00 ET before consolidating. A notable bullish engulfing pattern formed around $0.0102–$0.01046 during the afternoon, suggesting short-term buyers took control. However, no strong reversal patterns emerged at the low of $0.0096—price appears to be probing support levels rather than breaking through decisively.

Moving Averages

On the 15-minute chart, price closed above the 20-period and 50-period moving averages (20-MA ≈ $0.0101, 50-MA ≈ $0.01025). Daily MAs (50/100/200) are mixed, with the 50-day MA at $0.0105 and the 200-day MA at $0.00995. The price has shown some divergence from longer-term averages, which may signal a potential correction or continuation.

MACD & RSI

MACD turned positive after the afternoon rally and closed in bullish territory, while the signal line crossed above the 0 line. RSI reached an overbought level of 65 during the high of $0.0122, but has since pulled back to neutral territory (~45–50). This suggests momentum is waning post-rally but remains positive overall.

Bollinger Bands

Price spent a large portion of the day near the upper Bollinger Band during the 18:00 ET surge to $0.0122 and has since fallen back toward the middle band (~$0.01015). A narrowing of bands was observed in the early morning hours, indicating a period of consolidation prior to the breakout.

Volume & Turnover

Volume spiked to ~75,645,193.6 at 18:00 ET, coinciding with the sharp move to $0.0122, and then declined as price pulled back. However, turnover during that period was relatively low, suggesting the move was driven by large-sized trades rather than broad market participation. Divergence between volume and price action may indicate a test of $0.0122 rather than a sustainable break.

Fibonacci Retracements

On a 15-minute basis, the recent pullback from $0.0122 found support at the 61.8% retracement level (~$0.01018), which is close to the 20-MA. The daily swing from the 2025-11-05 low to the high of $0.0122 shows the 38.2% retracement at $0.01055, which appears to have acted as a minor resistance before price drifted lower again.

Backtest Hypothesis

The provided backtest strategy—holding positions for three days after a golden cross signal—achieved a 108.1% total return and 17.7% annualized return from 2022–2025. While positive, the 38.8% maximum drawdown highlights the need for risk controls. The average trade return of 2.22% aligns with the observed short-term momentum seen in today’s 15-minute rally to $0.0122. However, the hit rate of approximately 11% and large losses (-4%) suggest that the strategy may benefit from tighter stop-loss rules or trend filters, particularly when volatility is high.