Market Overview for Tether/Hryvnia (USDTUAH) – 24-Hour Technical Summary

• USDTUAH traded in a tight range early but surged to a 24-hour high of 43.75 before consolidating near 43.73 at 12:00 ET.
• Strong bullish momentum was evident with RSI trending toward overbought territory and MACD showing positive divergence.
• Volatility expanded in the morning session, with Bollinger Bands widening, signaling increased market participation.
• Turnover surged in the early AM ET with volume peaking near 5,000 units in the 0700–0900 ET window.
• A key resistance at 43.75 and support at 43.55 appear relevant for near-term direction.

The Tether/Hryvnia pair, USDTUAH, opened at 43.41 on 2025-10-21 at 12:00 ET and traded as high as 43.75 before closing at 43.73 at 12:00 ET on 2025-10-22. Total volume for the 24-hour period was 27,825 units, with a notional turnover of approximately 1,203,127 UAH. Price action showed a sharp advance from the mid- to late morning hours, with a consolidation phase forming at the upper end of the 43.55–43.75 range.

Structure and formations over the 15-minute chart showed a strong bullish bias. A key support level at 43.55 held firm after a couple of attempted retests, while resistance at 43.75 was briefly breached before price pulled back slightly. A large bullish engulfing pattern formed around 05:30 ET as price surged from 43.53 to 43.59, signaling a potential continuation of the upward move. A long-legged doji at 43.61 around 09:00 ET suggested indecision after the sharp rally.

Moving averages on the 15-minute chart showed a bullish crossover of the 20-period and 50-period lines, with the 20-period line crossing above the 50-period line in the morning session. This aligns with the strong price advance. On the daily chart, the 50-period moving average is above both the 100- and 200-period lines, indicating an overall bullish trend in the longer-term. The 20-period MA appears to be forming a key support level near 43.55, which could be crucial in the coming session.

MACD showed a bullish signal with the histogram turning positive and the line crossing above the signal line in the morning, confirming the momentum shift. RSI climbed above 70 in the 06:00–08:00 ET window, signaling overbought conditions. Bollinger Bands widened during the morning surge, indicating increased volatility, and price is currently near the upper band, suggesting a potential pullback could be on the cards.

Volume and turnover spiked significantly in the early morning hours, with volume peaking at 5,666 units in the 0700–0900 ET window. This coincided with a price jump from 43.55 to 43.75. However, volume has since cooled in the afternoon session, with no new large-volume candles forming, suggesting a potential consolidation phase may follow.

Fibonacci retracement levels applied to the recent 15-minute swing (from 43.55 to 43.75) suggest key levels at 43.66 (38.2%) and 43.63 (61.8%), which appear to be acting as pivot points for intraday traders. On the daily chart, Fibonacci levels applied to the broader move from 43.34 to 43.75 suggest 43.58 as a critical level for continued bullish momentum.

Backtest Hypothesis
Given the recent overbought RSI condition and strong momentum, a potential backtesting strategy could be triggered based on the RSI crossing above 70. If applied, a long position would have been entered around 06:00–07:00 ET on 2025-10-22 and held for exactly 7 days. This approach assumes the market will continue its upward bias, as confirmed by the MACD and bullish engulfing patterns. However, the recent volume cooldown and price near the Bollinger upper band suggest caution. A 7-day holding period would aim to capture a larger portion of the move, but risks include a reversal after consolidation or increased volatility.

Price may test the 43.75 resistance level again in the next 24 hours, with a possible pullback into the 43.65–43.68 range if buyers fade the overbought condition. A break above 43.75 could target 43.82, while a retest of 43.55 would be a critical test of bullish conviction. Investors should monitor volume for confirmation of follow-through buying or signs of a distribution phase.