Market Overview: Hedera/Tether (HBARUSDT) 24-Hour Analysis

Summary
• Price formed a bearish engulfing pattern near 0.1180, signaling potential short-term weakness.
• Volatility expanded from 0.116–0.119 range, with volume surging above 5.5M during 0.1196–0.1189 consolidation.
• RSI dipped into oversold territory at 30, while MACD turned negative, suggesting possible short-covering or reversal.
• Price retested 0.1165 support twice without breaking below, indicating potential near-term floor.
• Bollinger Bands widened after 4AM ET, reflecting increased directional uncertainty.

Hedera/Tether (HBARUSDT) opened at 0.11816 on 2026-01-11 12:00 ET, hit a high of 0.11969, a low of 0.11518, and closed at 0.11655 on 2026-01-12 12:00 ET. Total volume reached 41.2M, with a notional turnover of $4.98M.

Structure and Patterns

The pair formed a bearish engulfing pattern around 0.1180, followed by a deep correction to 0.1165, where buyers re-entered. A key support level appeared at 0.1165–0.1166, with two failed attempts to break below. The Fibonacci 61.8% retracement of the 0.1165–0.1196 swing aligned near 0.1180, where selling pressure intensified.

Volatility and Momentum

Bollinger Bands widened significantly after 4AM, showing heightened volatility.

RSI hit oversold levels at 30 by 10:00 AM ET, and MACD turned negative, indicating bearish momentum may be losing steam. A possible bounce from oversold conditions could trigger near-term buying interest.

Volume and Turnover

Volume spiked to 5.5M during the 0.1196–0.1189 consolidation, followed by a steady drop as sellers stepped in. Turnover remained in line with volume, suggesting consistent participation. No major divergence between price and turnover was observed, implying fair price discovery.

The market appears to be testing the 0.1165–0.1166 support area for confirmation, with potential for a short-term rebound if buyers defend it. However, a break below this level could accelerate the trend lower. Investors should remain cautious ahead of the next 24 hours as key support tests unfold.