Market Overview: Tether/Hryvnia (USDTUAH) – 24-Hour Analysis as of 2025-10-10

• The Tether/Hryvnia (USDTUAH) pair experienced a sharp pullback after a 24-hour high of 42.52, closing near 42.49 amid high volatility.
• Momentum indicators showed mixed signals with RSI briefly overbought before a reversal, while MACD indicated diverging momentum toward the close.
• Volume surged near the session peak but fell off sharply post-12:00 ET, suggesting reduced conviction in the recent rally.
• Bollinger Bands expanded significantly during the late morning highs and contracted after the selloff, indicating a potential consolidation phase.
• Notable Fibonacci retracement levels at 42.42 (61.8%) and 42.34 (38.2%) appeared to coincide with key support levels during the pullback.

The Tether/Hryvnia (USDTUAH) pair opened on October 9 at 42.10 ET, hit a 24-hour high of 42.52, and closed near 42.49 at 12:00 ET. The total traded volume was approximately 246,340 units, with a notional turnover of roughly 10,319,882 Hryvnia, reflecting a volatile and eventful 24-hour period.

The price action showed a sharp upward breakout in the early hours of October 10, followed by a steep pullback in the morning. Key support levels emerged at 42.42 and 42.34, which were closely aligned with Fibonacci retracement levels derived from the prior-day highs. A notable bearish engulfing pattern was visible around the 42.43–42.31 range, reinforcing the potential for a near-term correction. On the 15-minute chart, the 20 and 50-period moving averages crossed during the selloff, indicating short-term bearish momentum.

MACD diverged from price during the final 2 hours of the session, with a bearish crossover and negative momentum, signaling a potential shift in sentiment. RSI reached overbought territory above 70 before retreating sharply, supporting the idea of a short-term reversal. Bollinger Bands expanded significantly during the breakout, reaching a width of 0.12 around 15:30 ET, followed by a contraction during the selloff, suggesting a period of consolidation or potential range trading.

Volume spiked sharply during the breakout phase and dropped after the 12:00 ET close, indicating reduced liquidity and possible distribution. Turnover followed a similar pattern, with a peak near 15:00 ET and a decline thereafter. A divergence between rising prices and declining volume in the final hour added to the bearish sentiment, suggesting potential exhaustion in the rally.