RVNUSDT Market Overview: 24-Hour Summary for 2026-01-01

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 1, 2026 2:17 pm ET1min read
RVN
--
Aime RobotAime Summary

- RVNUSDT traded between 0.00672 (support) and 0.00703 (resistance), closing at 0.00701 on 2026-01-01.

- RSI entered overbought territory (60-75) and Bollinger Bands tightened before a modest breakout above the upper band.

- Late-session volume surged to 4.

3M
RVN, coinciding with a bullish engulfing pattern and 0.786 Fibonacci level test at 0.00698.

- Technical indicators suggest potential for 0.0071-0.0072 target, but overbought conditions and profit-taking risks remain.

Summary
• Price moved within a tight range, with resistance at 0.00695 and support at 0.00672.
• Rising RSI suggests short-term overbought conditions, hinting at potential pullback.
• Volume surged near the close, indicating increased conviction in the uptrend.
• Bollinger Bands constricted earlier in the day, followed by a modest breakout.
• A bullish engulfing pattern formed late in the session, reinforcing upward bias.

Ravencoin/Tether (RVNUSDT) opened at 0.00683 on 2025-12-31 12:00 ET, hit a high of 0.00703, a low of 0.00672, and closed at 0.00701 on 2026-01-01 12:00 ET. The 24-hour volume was ~29,200,000 and turnover amounted to ~202,000 USD.

Structure & Formations


The price remained within a defined channel for most of the day, with key resistance at 0.00695 and support at 0.00672. A bullish engulfing pattern formed near the close, which may signal a continuation of the upward move. A doji appeared during the early session, suggesting indecision and potential reversal risk.

Moving Averages and Momentum


On the 5-minute chart, the 20SMA crossed above the 50SMA midday, confirming a short-term bullish bias. The 50-period moving average sat around 0.00686 by the close, offering dynamic support. RSI climbed to overbought territory (60–75), indicating potential pullback risk, while MACD remained positive, suggesting continued momentum.

Volatility and Bollinger Bands


Bollinger Bands tightened around 0.0068–0.0069 early in the session, signaling a period of consolidation. Price broke out modestly above the upper band near the end, which could indicate a resumption of upward volatility.

Volume and Turnover

Trading volume accelerated in the final hours, peaking at 4.3 million RVN in the 15:30 ET candle, which coincided with the highest close of the day. Turnover also rose, aligning with price and suggesting strong conviction in the bullish move.

Fibonacci Retracements


Key Fibonacci levels from the 0.00672–0.00703 swing showed the 0.618 level at 0.00691, which was briefly tested before a rebound. The 0.786 level at 0.00698 may now serve as a short-term ceiling.

Looking ahead, the bullish engulfing pattern and strong late-day volume suggest a potential test of 0.0071–0.0072. However, traders should remain cautious of a pullback toward 0.00691 if short-term overbought conditions trigger profit-taking.