Market Overview for Tether/Hryvnia (USDTUAH) as of 2025-10-08

• Tether/Hryvnia (USDTUAH) climbed from 41.65 to a peak of 42.22 over 24 hours amid a strong buying wave in the early morning.
• A bullish breakout above 42.0 confirmed strong momentum, with price closing at 42.17 on high volume.
• RSI signaled overbought conditions near 80, suggesting potential short-term pullback risk.
• Bollinger Bands showed a sharp expansion after a consolidation phase, reflecting rising volatility.
• Total volume surged to 114,647 Hryvnia, with turnover reaching $4.68M, confirming significant market participation.

The Tether/Hryvnia pair (USDTUAH) opened at 41.66 on 2025-10-07 at 12:00 ET and closed at 42.17 on 2025-10-08 at the same time, rising 1.32% over 24 hours. The price hit a high of 42.22 and a low of 41.1 during the session. Total trading volume reached 114,647 Hryvnia, with a notional turnover of approximately $4.68M. The pair showed a clear upward bias as buyers dominated key levels above 42.0, particularly during the early morning hours.

Structure & Formations

The 15-minute OHLC data revealed a strong ascending trend with several notable candlestick formations. A bullish engulfing pattern occurred at 41.98 during the late evening, followed by a series of higher highs and lows until early morning. A large bullish candle with a high wick at 42.22 on 2025-10-08 13:45 ET indicated aggressive buying, while a bearish harami at 42.15 around 14:30 ET suggested a potential consolidation or short-term pullback. Key support levels were identified at 42.0 (recent floor) and 41.98 (previous floor), while resistance emerged at 42.22 and possibly 42.3 (extension of the last high).

Moving Averages and MACD

The 20-period and 50-period moving averages on the 15-minute chart both trended upward, confirming the bullish bias. A golden cross occurred when the 20 MA crossed above the 50 MA during the morning session, further reinforcing the uptrend. The MACD line showed a positive divergence, with increasing bullish momentum as the histogram widened. RSI reached levels near 80, signaling overbought territory, which may lead to a retest of key support before a potential resumption of the upward move.

Bollinger Bands and Volatility

Bollinger Bands displayed a significant expansion after a period of consolidation, confirming a breakout in price. From 05:00 ET onward, the bands widened as volatility increased, with the price spending most of the day above the upper band, indicating strong buying pressure. The 15-minute chart showed a clear move from a narrow channel to a wide range, with the price reaching the top edge of the band during the morning session. This expansion often precedes a period of consolidation or reversal, so close monitoring of the 42.15–42.22 range is warranted.

Volume & Turnover

Volume surged significantly during the morning and early afternoon, with a peak of 33,650 Hryvnia at 05:00 ET, coinciding with the 41.97 high. The notional turnover spiked in line with price, confirming the strength of the bullish move. Divergence between price and volume was not observed; instead, both metrics aligned during the key buying sessions. The overall pattern suggests a healthy accumulation phase, with strong participation from market participants.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (41.65–42.22), key levels of interest include 38.2% at 41.98, 50% at 41.935, and 61.8% at 41.89. These levels were tested during the consolidation phase in the early morning and midday. Price bounced off the 38.2% retracement level before resuming the upward trend, suggesting that 41.98 could act as a strong support zone. A break below 41.98 may test the 50% and 61.8% levels, offering a target range of 41.93 to 41.89.

Backtest Hypothesis

A potential backtest strategy involves entering long positions on a golden cross of the 20 and 50-period moving averages on the 15-minute chart, with a stop-loss placed below the 61.8% Fibonacci retracement level and a take-profit at the next key resistance (42.22–42.3). This setup would align with the observed breakout and momentum, leveraging the current bullish bias while mitigating risk through defined exit points. Given the recent volume confirmation and pattern strength, this approach may offer favorable risk/reward dynamics for short-to-medium-term traders.