RDNTUSDT Market Overview – 2025-11-04

Summary
• Price surged from 0.01312 to 0.01469, closing at 0.01408, signaling a strong bullish reversal.
• Volume peaked near 7.4 million at 15:30 ET, confirming increased buying pressure.
• RSI and MACD show overbought conditions with strong positive momentum.

Radiant Capital/Tether (RDNTUSDT) opened at 0.01312 on 2025-11-03 at 12:00 ET, and closed at 0.01408 by 12:00 ET the following day, reaching a high of 0.01469 and a low of 0.01292. Total volume amounted to 74,437,660 with a notional turnover of $1,038,465 over the 24-hour window.

The 24-hour chart reveals a pronounced bullish reversal from a consolidation phase. A sharp rally occurred from the early hours of the morning, with a notable surge between 05:00 and 07:00 ET, when price climbed from 0.01399 to 0.01426. This was followed by a consolidation period before a decisive break above 0.0144 at 15:30 ET. Key support levels were identified at 0.0138–0.0140, with resistance forming at 0.0145–0.0147. A strong bullish engulfing pattern emerged at 15:30 ET, which may indicate a continuation of the upward trend.

The 15-minute RSI reached overbought territory, peaking at 76.2 during the rally, while the MACD remained in positive territory with a rising histogram, confirming ongoing bullish momentum. Bollinger Bands showed a moderate expansion following the breakout, and price closed just below the upper band, suggesting continued upward pressure. The 20-period and 50-period moving averages both crossed above the price during the rally, supporting the bullish bias.

Fibonacci retracements applied to the key swing from 0.01292 to 0.01469 showed the price settling near the 78.6% level at 0.01417, suggesting possible short-term resistance ahead. Volume and turnover aligned well with price action, with no notable divergences observed. The 50-period moving average has crossed above the 100-period line on the daily chart, reinforcing the likelihood of a sustained rally.

Looking ahead, the market may test the next resistance at 0.0145–0.0147 in the coming 24 hours. A break above this could target 0.0150–0.0153, but a reversal below 0.0140 could retest the 0.0138–0.0140 support zone. Investors should remain cautious of potential volatility amid the strong momentum.

A potential backtesting strategy involves identifying instances of a Bullish Engulfing pattern on the 15-minute chart and evaluating the performance of a 7-day holding period starting from the close of the engulfing pattern. The pattern is considered a reliable reversal signal when it occurs after a downtrend and is accompanied by a significant increase in volume.

However, the system was unable to automatically identify the Bullish Engulfing pattern dates for RDNTUSDT due to an issue locating the symbol in the data source. To proceed with the backtest, one of the following options must be selected:

1. Verify / adjust the symbol: If the symbol should include an exchange prefix (e.g., BINANCE:RDNTUSDT), please provide the correct format.
2. Provide the pattern dates manually: If you already have a list of dates when the Bullish Engulfing pattern occurred for RDNTUSDT, please share them.
3. Derive the pattern dates locally: I can fetch daily OHLC data and compute the Bullish Engulfing events manually, which would allow for the backtest to proceed.

The outcome of this backtest could provide further insight into the efficacy of short-term reversal strategies on this pair, especially in the context of increased volatility observed on 2025-11-04.