Market Overview for Harmony/Tether (ONEUSDT) on 2025-09-18

• • •
• ONEUSDT rose 1.43% in 24 hours, forming bullish momentum with key support at $0.01096.
• Volatility expanded during the session, with Bollinger Band breakouts and a sharp volume spike near $0.01117.
• RSI remains in overbought territory, suggesting a potential pullback to 61.8% Fibonacci at $0.01103.
• A bullish engulfing pattern emerged after the $0.01096 support level held, hinting at a short-term reversal.
• Turnover increased by 136% in the last 6 hours, but price stalled near $0.01113, indicating mixed buyer sentiment.

Harmony/Tether (ONEUSDT) opened at $0.01038 on 2025-09-17 12:00 ET and closed at $0.01099 on 2025-09-18 12:00 ET, climbing 1.43% during the 24-hour window. The pair reached a high of $0.01119 and a low of $0.01033, with total volume of ~80.1 million ONE and a notional turnover of ~$883,500. The price action has been volatile, with multiple breakout attempts near key Fibonacci levels.

Structure & Formations

The 15-minute chart shows a bullish engulfing pattern forming after the price found support at $0.01096, with the subsequent candle closing at $0.01101. This pattern suggests a short-term reversal. A doji formed at $0.01113, indicating indecision. Key support levels are at $0.01096 and $0.01085, while resistance levels are at $0.01113 and $0.01119.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are converging, with price currently above both, suggesting bullish momentum. On the daily chart, the 50-period MA is below the 200-period MA, indicating a bearish bias in the longer term, though the 100-period MA has started to cross above the 200-period MA, signaling early signs of a potential reversal.

MACD & RSI

MACD crossed above the signal line during the early hours of the session, confirming bullish momentum. RSI reached 72, indicating overbought conditions, with potential for a pullback into the 60–70 range. Both indicators point to a potential consolidation phase, especially given the indecision at the recent high.

Bollinger Bands

Volatility has expanded significantly, with price breaking above the upper Bollinger Band at $0.01113 before consolidating. The narrow contraction earlier in the session foreshadowed the breakout, making it a valid technical trigger. The current price of $0.01099 resides just below the upper band, indicating a possible retest of that level.

Volume & Turnover

Volume spiked to over 9 million ONE in the 04:15–04:30 ET window, coinciding with a price push to $0.01117. However, turnover decreased in the following hour as price reversed, indicating potential selling pressure. The final 6 hours showed a 136% increase in volume, but price failed to extend the bullish move beyond $0.01119, suggesting waning momentum.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from $0.01033 to $0.01119, the 61.8% retracement is at $0.01103, which aligns with a prior support level. The price has retested this level twice in the last 24 hours, and a break below could see it fall to the 50% retracement at $0.01076.

Backtest Hypothesis

The backtesting strategy described leverages a breakout and retest methodology. It enters long on a breakout above the upper Bollinger Band and targets the 61.8% Fibonacci retracement as an initial profit target. Stops are placed just below the 50% level. Given the recent breakout above $0.01113 and retest at $0.01103, the conditions align with the strategy’s entry and exit parameters. A confirmation close above $0.01105 would strengthen the case for a short-term long position, assuming volume remains elevated.