RVNUSDT Market Overview: A 24-Hour Breakdown for January 7, 2026

Summary
• Price action shows a bearish reversal pattern at 0.00785 after a sharp pullback from 0.00797.
• RSI indicates oversold conditions near 0.00775, suggesting potential short-term bounce.
• Volatility expanded during the early session with high turnover at 0.00790–0.00795 range.
• Volume confirmed support at 0.00775 but faded near 0.00784, showing mixed conviction.
• Bollinger Bands show price consolidating near the lower band, hinting at potential rebound.

Ravencoin/Tether (RVNUSDT) opened at 0.00779 on January 6 at 12:00 ET and closed at 0.00780 on January 7 at 12:00 ET. The pair reached a high of 0.00795 and a low of 0.00759 during the 24-hour period. Total trading volume was 12,068,385.0 and notional turnover amounted to 93,792.52.

Structure and Candlestick Patterns

The price structure showed a clear bearish reversal pattern on the 5-minute chart, with a strong rejection at 0.00785 marked by a long lower shadow and a small body. Earlier in the session, a bullish engulfing pattern emerged near 0.00775, offering temporary support. A doji near 0.00781 signaled indecision and potentially a pause in the downward trend.

Support and Resistance Levels

Key support levels appeared at 0.00775 and 0.00772, with the former holding strong during the session’s low. Resistance was evident at 0.00784 and 0.00788, with the price struggling to break through. The 0.00785 level acted as a critical psychological pivot point.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages diverged during the pullback from 0.00795 to 0.00775, indicating a shift in momentum. The 50-period line acted as a dynamic resistance after 0.00780. On the daily chart, the 50-period moving average sits slightly below 0.00780, suggesting a potential retest in the near future.

MACD showed bearish divergence during the afternoon hours, with the histogram contracting after the initial sharp decline. RSI briefly touched oversold territory at 0.00775, hinting at possible short-term buying pressure.

Volatility and Bollinger Bands

Volatility expanded during the initial sell-off, with Bollinger Bands widening between 0.00782 and 0.00771. Price spent a significant portion of the session near the lower band, signaling oversold conditions. A narrowing of the bands later in the day suggested a potential consolidation phase.

Volume and Turnover

Volume surged during the early session around 0.00790–0.00795, confirming the initial strength before the pullback. However, the volume faded during the rebound near 0.00784, indicating a lack of conviction. Turnover data showed a strong confirmation of support at 0.00775, with a sharp increase in notional value traded.

Fibonacci Retracements

Applying Fibonacci to the key swing from 0.00775 to 0.00795, the 0.00785 level aligns with the 38.2% retracement, which the price rejected. The 61.8% retracement at 0.00781 was briefly tested but failed to hold, suggesting that the 0.00775 level remains the most critical near-term support.

In the next 24 hours, traders may look for a retest of 0.00775 for confirmation or a potential bounce back toward 0.00784. Investors should remain cautious as volume divergence near the upper retracement levels may limit a strong bullish rebound.