Market Overview for Tether/Hryvnia (USDTUAH) as of 2025-11-13

Summary
• Price opened at 43.76, rose to 43.99, and closed near 43.98, indicating moderate bullish bias.
• Volume spiked at 4724.0 near the morning session peak, confirming strong buyer interest.
• RSI and MACD signals suggest moderate momentum, with no clear overbought condition yet.

Tether/Hryvnia (USDTUAH) opened at 43.76 on 2025-11-12 at 12:00 ET and closed at 43.98 by 12:00 ET the next day. The price reached a high of 43.99 and a low of 43.69 within the 24-hour period. Total volume amounted to 23,848.0, with a notional turnover of approximately 1,043,354.00 UAH, based on the dataset.

Structure & Formations

The 15-minute chart displayed a moderate bullish bias, with price forming a few consolidation patterns around 43.76–43.79 before a sharp upward move around 06:15 ET. A key support level was identified at 43.76, which held multiple times and appeared to anchor the price. No strong bearish engulfing or doji patterns were visible, suggesting that sellers were not strong enough to push the price below critical levels.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed over around 43.78 during the morning session, forming a potential short-term bullish signal. The 50-period SMA was at 43.79, and the 20-period SMA rose above it, suggesting that momentum may have favored buyers in the short term. On the daily chart, the 200-period SMA is likely near 43.78, acting as a dynamic support line that could influence near-term price behavior.

MACD & RSI

The MACD line crossed above the signal line around 06:15 ET, indicating growing bullish momentum. The histogram showed a moderate expansion, supporting the view that buying pressure was increasing. RSI hovered between 50–55 for most of the session, indicating a balanced market but leaning slightly toward buyers. No overbought readings were observed, suggesting room for further upward movement.

Bollinger Bands

Price action remained within the Bollinger Band range throughout the 24-hour period, with volatility appearing relatively stable. The bands were wide enough to accommodate the price swings but not excessively so, indicating a period of moderate consolidation rather than explosive movement. The closing price at 43.98 sat near the upper band, suggesting that bulls may have been active in the latter part of the session.

Volume & Turnover

Volume was generally moderate throughout the session, with a significant spike at 06:15 ET (4724.0) coinciding with the bullish breakout. This suggests strong buyer participation during that critical phase. Turnover followed a similar pattern, confirming the price move. No significant price-volume divergences were observed, indicating that price and volume were aligned in favor of the bullish bias.

Fibonacci Retracements

Applying Fibonacci retracements to the 43.69–43.99 range, the 38.2% level (43.85) and 61.8% level (43.92) appear to have acted as minor resistance levels earlier in the session. The price briefly tested the 61.8% level but continued to rise beyond it, suggesting strong demand. These levels could now act as potential areas of support if the price retraces in the next 24 hours.

Backtest Hypothesis

A backtest of the Bullish Engulfing pattern is currently not feasible for this pair due to a lack of pattern-specific historical data. This could stem from limitations in the data source or the unique nature of the USDTUAH pair as an off-exchange fiat/crypto cross. A viable alternative is to run the backtest using a different trigger, such as a 20-period/50-period moving average crossover, which is clearly observable in the provided dataset. This approach would allow for meaningful evaluation of the pair’s price behavior in a more data-supported environment.