Market Overview for Tether/Hryvnia (USDTUAH): 24-Hour Action and Momentum Signals

• Price opened at 43.45, climbed to 43.63, and settled at 43.61, forming a bullish bias.
• Volume spiked during the 19:30–20:00 ET window as price surged past key resistance.
• RSI reached overbought territory while price hovered near the upper Bollinger Band.
• A bullish engulfing pattern emerged mid-day, followed by confirmation above 43.58.
• Turnover remained steady post-23:00 ET, suggesting waning near-term volatility.

Tether/Hryvnia (USDTUAH) opened at 43.45 on 2025-10-24 12:00 ET and closed at 43.61 on 2025-10-25 12:00 ET, reaching a high of 43.63 and a low of 43.43 over the 24-hour period. Total volume for the period was 43,750.0 units, and total turnover amounted to approximately 1,888,848.5 Hryvnia. Price action showed a distinct shift in sentiment toward the late afternoon hours, as a strong bullish bias took hold.

Over the 24-hour period, price found initial support near 43.45 and tested resistance at 43.58, breaking through decisively in a 19:30–20:00 ET window. The 15-minute 20-period moving average rose into alignment with the 50-period, indicating a strengthening uptrend. A bullish engulfing pattern emerged at 19:30 ET, with a 43.51 open and a 43.56 close, followed by confirmation with a higher close at 43.57 in the subsequent candle. This suggests a potential short-term reversal of bearish momentum.

At the time of writing, the RSI stands at overbought territory (~75), suggesting that price may consolidate or experience a pullback in the near term. Price remains near the upper Bollinger Band, with a volatility contraction observed between 23:00 ET and 00:30 ET. This compression may signal a potential breakout or continuation of the current trend. A 61.8% Fibonacci retracement level from the 43.43 to 43.63 swing aligns with 43.53, where price found initial resistance before accelerating higher.

Looking at the MACD, the histogram turned positive and the line crossed above the signal line, reinforcing the bullish momentum. Volume spiked during the late afternoon and evening hours, confirming the strength of the recent rally. However, a divergence appears in the latter half of the day, where price made higher highs while volume began to wane, suggesting that the uptrend may be running out of steam.

Backtest Hypothesis
Given the emergence of a bullish engulfing pattern at 19:30 ET and confirmation at 20:00 ET, a backtest strategy could be built around these signals for similar setups. Applying the Bullish Engulfing pattern on the 15-minute chart would require scanning for instances where a bearish candle is followed by a larger bullish candle that completely engulfs the previous candle's body. A backtest from 2022–2025 on this pattern in the Tether/Hryvnia pair could use the following parameters: enter the trade at the next candle's open, hold for three periods, and exit at the close. Position sizing could assume full investment at each signal with no overlap. A stop-loss could be placed below the engulfing pattern's low, and a take-profit at the 61.8% Fibonacci level. This approach would allow the strategy to be tested for consistency and adaptability in volatile conditions.