Market Overview for Tether/Hryvnia (USDTUAH) on 2025-09-23

• Price action sees consolidation around 42.85 after a sharp 1.5% intraday rally driven by volume spikes.
• Momentum remains neutral with RSI hovering near 50, suggesting limited overbought/oversold bias.
• Volatility remained low with Bollinger Bands narrowing mid-session, but widened near the close.
• Volume increased during the 19:45–20:00 ET surge, confirming the 42.89 high.
• Fibonacci levels at 42.85–42.92 appear to anchor key support and resistance in recent swings.

Tether/Hryvnia (USDTUAH) opened at 42.80 on 2025-09-22 at 12:00 ET, reached a high of 42.93, touched a low of 42.75, and closed at 42.83 on 2025-09-23 at 12:00 ET. Total trading volume for the 24-hour window amounted to 63,583.0 units, with a notional turnover of approximately 2,716,000.00 UAH (based on price averages). The price action reflected a range-bound profile, punctuated by intermittent momentum surges.

Structure & Formations

The 24-hour candlestick chart displayed a key consolidation pattern around 42.85–42.86, with a bearish engulfing candle observed at 03:15–03:30 ET after a brief rebound. The 42.92–42.93 level acted as a resistance zone, capping further upside during the early hours. A bullish hammer formed at 04:45–05:00 ET, signaling a temporary reversal from a minor dip. Additionally, a doji formed at 02:15–02:30 ET, indicating indecision in a tight trading range.

Moving Averages

Short-term moving averages (20/50-period 15-min) crossed multiple times during the session, reflecting the choppy nature of the price action. The 50-period line held above the 20-period in the last 6 hours, suggesting a potential bias toward consolidation and a possible uptrend resumption. On the daily chart, the 50/100/200 SMA lines were closely aligned around the 42.82–42.84 range, reinforcing the neutral setup and key psychological support.

MACD & RSI

The MACD histogram remained largely flat throughout the session, with occasional surges in the last 6 hours, particularly around the 19:45–20:00 ET spike. RSI oscillated between 45 and 55, staying within neutral territory and indicating that the pair had not yet reached overbought or oversold conditions. A mild divergence between price and RSI was observed during the 04:00–05:30 ET period, hinting at potential exhaustion in the short-term trend.

Bollinger Bands

Volatility was at its narrowest during the 00:00–03:00 ET period, with the bands contracting and price staying within a tight 42.85–42.88 range. This contraction was followed by a modest expansion, with price testing the upper band at 42.89–42.92 and the lower band at 42.82–42.84. Price ended the session just below the mid-band, suggesting a potential continuation of the range-bound bias but with a slight favor toward the upper end of the channel.

Volume & Turnover

Volume surged notably during the 19:45–20:00 ET and 04:45–05:00 ET periods, aligning with key price breaks and bounces. The 19:45–20:00 ET spike was accompanied by a 42.89 high and a 2868-unit volume, while the 04:45–05:00 ET volume confirmed a minor bullish reversal. Turnover remained in line with these volume surges, showing no significant divergence. However, a volume dip was noted during the 00:00–03:00 ET range, which coincided with a period of low volatility and price consolidation.

Fibonacci Retracements

Fibonacci levels were applied to the recent 15-minute swing from 42.75 (low) to 42.93 (high). The 38.2% retracement level at 42.85 and the 61.8% level at 42.89 appeared to anchor the price during the session. The 42.84–42.85 range, near the 38.2% level, acted as a strong support, with price bouncing off it twice. Looking at the daily chart, the 42.79–42.89 range showed similar retest behavior, reinforcing the 42.85 as a key pivot.

Backtest Hypothesis

A potential strategy for USDTUAH could involve a breakout trading approach using the 20-period 15-min moving average and Fibonacci retracement levels as entry triggers. For example, a long trade could be initiated when price breaks above the 42.92 resistance (61.8% Fibonacci level) with confirmation from rising volume and a positive MACD crossover. A stop loss could be placed below the 42.84 support (38.2% level), and a take-profit target at the 42.95–42.97 zone. This approach would aim to capture short-term momentum while managing risk through defined levels and volume confirmation.