Market Overview for Tether/Hryvnia (USDTUAH): 24-Hour Analysis as of 2025-09-22 12:00 ET

• Tether/Hryvnia (USDTUAH) rose from 42.51 to a 24-hour high of 42.81.
• Momentum remained bullish with RSI near overbought and positive MACD divergence.
• Volatility expanded as price traded near the upper Bollinger Band during the last 8 hours.
• Volume spiked during key upward moves, confirming price strength in the morning session.
• A bullish engulfing pattern formed at 42.60-42.80 after a consolidation phase.

At 12:00 ET on 2025-09-22, Tether/Hryvnia (USDTUAH) closed at 42.81, up from an open of 42.51. The 24-hour high was 42.81, with a low of 42.51. Total traded volume reached 41,350.0, and turnover was approximately 1,765,660.00 UAH, reflecting a strong bullish bias.

Structure & Formations

Price moved in a clear uptrend from 42.51 to 42.81, with a key support at 42.58 and a resistance at 42.80–42.81. A bullish engulfing pattern formed on the candle starting at 09:45 ET, as price opened at 42.77 and closed at 42.81 after hitting a high of 42.80. A minor bearish divergence appeared at 11:15 ET, but volume and price confirmed the overall upward bias. A doji candle at 10:00 ET signaled indecision, but it was quickly followed by a strong buying wave.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart both rose in tandem with price, confirming the bullish trend. The 50-period line remained below the 20-period line, reinforcing the strength of the move. On the daily chart, the 50-period MA is below the 100-period and 200-period MAs, indicating a short-term but not long-term reversal risk.

MACD & RSI

The 15-minute MACD showed a positive histogram divergence from 05:15 to 07:45 ET, reinforcing bullish momentum. RSI pushed into overbought territory (75–85) during the final 6 hours, suggesting potential short-term resistance but not yet signaling a reversal. A pullback to 42.70–42.72 may trigger a test of the 50-period MA for a possible continuation.

Bollinger Bands

Volatility expanded in the last 8 hours, with price reaching the upper Bollinger Band at 42.80–42.81 on several occasions. The bands widened after the bullish engulfing pattern at 09:45 ET, indicating increased participation and momentum. A consolidation phase may follow if RSI fails to sustain above 75.

Volume & Turnover

Volume surged during the morning session, especially from 05:15 to 07:45 ET, coinciding with the MACD divergence and RSI overbought readings. Turnover spiked at 06:15 ET, as price broke to 42.73 from 42.65 in a high-volume candle. A divergence between price and volume at 10:30 ET suggests caution for further upside, but the overall correlation remained positive.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from 42.51 to 42.81, the 61.8% level is at 42.70 and the 78.6% at 42.75. These levels acted as minor support during pullbacks. On the daily chart, a 38.2% retest of the 2025-09-21 high at 42.80–42.81 may confirm the trend’s strength.

Backtest Hypothesis

The backtest strategy involves entering long positions on bullish engulfing patterns that form at or near key Fibonacci retracement levels (38.2% and 61.8%) and confirming with a close above the 50-period moving average. A stop-loss is placed below the nearest support, and a target is set at the next Fibonacci extension or the upper Bollinger Band. Given the recent engulfing pattern and RSI overbought levels, the setup aligns with the backtest criteria, but the risk of a short-term pullback to 42.70–42.72 remains high.