RVNUSDT Market Overview: 24-Hour Analysis as of 2025-09-22

• RVNUSDT declined sharply, dropping below 0.0125 as bearish momentum accelerated overnight.
• Price formed bearish engulfing patterns and gapped down during the Asian session.
• High volatility observed during the 00:45 ET candle with a 1.2% intra-candle decline.
• Turnover surged during the early morning selloff, confirming bearish sentiment.
• RSI remains in oversold territory, but bullish reversal is unlikely without volume confirmation.

Ravencoin/Tether (RVNUSDT) opened at 0.01290 on September 21 at 12:00 ET and closed at 0.01193 at 12:00 ET the following day. The 24-hour low was 0.01129, while the high was 0.01293. Total trading volume across 15-minute candles reached 285,051,693.95 RVN, and the notional turnover was approximately $3,383,576.40 based on cumulative (price × volume).

Structure & Formations

RVNUSDT displayed strong bearish bias throughout the session, with a key support forming at 0.01230–0.01235 after multiple bounces. A bearish engulfing pattern formed around 03:45 ET as price moved from 0.01247 to 0.01242 after a prior bullish candle. A long lower shadow and narrow close suggest continued bearish pressure. A doji at 06:45 ET confirmed indecision during the selloff. A major bear trap was triggered at 0.01250 as price broke below a 61.8% Fibonacci level, leading to a cascade of stop-losses and a rapid move to 0.01129.

Moving Averages

On the 15-minute chart, price remained below both the 20 and 50 EMA throughout the session, with a widening gap indicating stronger bearish momentum. The 20 EMA crossed below the 50 EMA at 01:15 ET, confirming the bearish bias. On the daily chart, the 50 EMA is at 0.01285, while the 200 EMA is at 0.01305, suggesting long-term bearish divergence despite short-term oversold conditions.

MACD & RSI

The MACD histogram turned negative after 02:00 ET, aligning with the sharp decline in price. The RSI has remained in oversold territory (below 30) since 05:30 ET, with no immediate signs of a reversal unless volume increases significantly. The divergence between falling price and flattening RSI suggests the selloff may be nearing a pause, but without a bullish candle above 0.01250, a bounce may be short-lived.

Bollinger Bands

Price action remained below the lower Bollinger band for the last 72 minutes of the session, with volatility widening during the Asian hours. The band width expanded at 00:45 ET as price dropped from 0.01254 to 0.01242 within one candle. The current narrow band between 0.01188 and 0.01197 suggests consolidation, and a break above the upper band would be a strong bullish signal.

Volume & Turnover

Volume surged to a peak of 61.8 million RVN at 06:15 ET, coinciding with the largest price drop of the session. The notional turnover increased by 450% during the 00:45–01:00 ET window, confirming the bearish breakout. Despite heavy selling, volume has declined in the last 24 candles, suggesting exhaustion in the short term.

Fibonacci Retracements

The 61.8% level at 0.01250 was broken decisively at 06:15 ET, leading to further declines toward 0.01190. On the 15-minute chart, a pullback to 0.01195–0.01197 may test the 38.2% level, offering a potential short-term support zone. A break above 0.01245 would suggest a possible retest of the 50% level at 0.01269 before any further bullish move.

Backtest Hypothesis

Given the bearish divergence in RSI and the strong volume confirmation during the Asian session, a backtest strategy could be designed to short RVNUSDT when price breaks below a 61.8% Fibonacci level and RSI enters oversold territory (below 30), with a stop-loss placed above the nearest resistance level and a target at the 38.2% retracement level. Such a setup would aim to capture the continuation of bearish momentum while managing risk with a defined exit. This approach aligns with the observed structure of the price action and could serve as a basis for a short-term directional trade.