Market Overview: Tether/Hryvnia (USDTUAH) on 2025-12-21

Summary
• Price of Tether/Hryvnia advanced to a 24-hour high near 45.70 before pulling back near 45.50 at 12:00 ET.
• High volume and strong momentum suggest a potential short-term bullish bias, with RSI hinting at overbought levels.
• Bollinger Bands show expansion, indicating rising volatility amid a sharp move higher from 45.40.

Market Overview

Tether/Hryvnia (USDTUAH) opened at 45.42 on 2025-12-20 at 12:00 ET, surged to a high of 45.73, and closed at 45.69 by 12:00 ET on 2025-12-21. The pair traded between 45.32 and 45.73 over the 24-hour window, with a total trading volume of 28,185.0 units and notional turnover of 1,273,828.75 Hryvnia.

Structure & Formations

The price formed multiple bullish engulfing patterns during the afternoon and evening, followed by a long upper shadow near the 45.73 high, suggesting initial resistance. A notable doji formed at 05:45 ET, hinting at indecision following the sharp rally. Support appears to be forming around the 45.40–45.45 range.

Moving Averages and Momentum

On the 5-minute chart, price stayed above both 20 and 50-period moving averages, reinforcing a short-term bullish bias. The RSI approached overbought territory (above 70) after the 45.70 level, while the MACD remained positive with a narrowing histogram, indicating a potential slowing in momentum.

Bollinger Bands and Volatility

Bollinger Bands showed significant expansion following the upward breakout from 45.40, reflecting rising volatility. Price closed near the upper band at 45.69, indicating strength but also a potential for near-term consolidation.

Volume and Turnover

Volume surged during the 09:30–10:00 ET and 14:30–15:00 ET windows, coinciding with the strongest price moves. Notional turnover spiked during the 09:45–10:15 ET and 14:30–15:00 ET periods, aligning with price surges and confirming the bullish bias.

Fibonacci Retracements

The 5-minute chart shows a key 61.8% retracement level near 45.60, which was tested and held. On the daily chart, the 38.2% retracement at 45.55 appears to be the next potential level of interest if the upward trend continues.

The market appears to be consolidating after a sharp rally, with key resistance near 45.70 and support around 45.45. Traders may watch for a potential pullback or continuation, but caution is warranted as momentum shows early signs of slowing.