Market Overview: USDT/UAH (USDTUAH) 24-Hour Summary – 2025-11-08

Summary
• Tether/Hryvnia (USDTUAH) traded in a tight range within a 0.09 UAH band (43.76–43.86), with no clear trend.
• Volume averaged ~700 units per 15 minutes, peaking at 4,820 units during a 08:00 ET rally.
• A key support zone formed at 43.76–43.80 UAH, with a resistance cluster around 43.86–43.90 UAH.

Tether/Hryvnia (USDTUAH) opened at 43.85 UAH on 2025-11-07 at 12:00 ET and closed at 43.83 UAH on 2025-11-08 at 12:00 ET. The 24-hour range was 43.76–43.92 UAH, with a total volume of 35,347.0 units and a notional turnover of approximately 1,536,760 UAH. The pair showed limited directional momentum, with price consolidating around key psychological levels.

Structure & Formations

The 15-minute chart displayed a pattern of choppy consolidation, with multiple small-bodied candles and several doji forming near the 43.80–43.85 UAH range. A notable bearish engulfing pattern appeared at 18:15 ET, signaling short-term caution. However, the price failed to break below 43.76 UAH, suggesting a strong support floor.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart converged around the 43.84–43.86 UAH range, indicating a neutral to slightly bearish sentiment. Daily MAs (50, 100, and 200) are expected to show a similar cluster, reinforcing the consolidation pattern. The price is likely to remain within a tight range unless a breakout occurs above 43.90 UAH or below 43.76 UAH.

MACD & RSI

The MACD line remained near the signal line, with no significant divergence, suggesting a lack of strong momentum. RSI oscillated between 45 and 55, indicating neutral conditions. There was no overbought or oversold signal during the 24-hour period, supporting the idea that the market is in a balanced state with no clear bias.

Bollinger Bands

Price action remained within the Bollinger Bands for most of the day, with the upper band sitting near 43.90 UAH and the lower band around 43.76 UAH. The bands showed moderate volatility, with no signs of contraction or expansion that would suggest a potential breakout or pullback. The price hovered near the middle band, indicating a continuation of consolidation.

Volume & Turnover

Volume remained relatively consistent throughout the 24-hour period, with no sharp spikes or divergences. The most notable volume increase occurred during the 08:00–09:00 ET window, coinciding with a minor rally and a failed attempt to retest the 43.90 UAH level. Notional turnover also remained stable, confirming that price action was supported by consistent liquidity without excessive buying or selling pressure.

Fibonacci Retracements

On the 15-minute chart, key Fibonacci retracement levels of 38.2% and 61.8% were observed at 43.84 UAH and 43.80 UAH, respectively. These levels coincided with strong price pauses or reversals, especially around 20:00 ET and 05:45 ET. The daily Fibonacci retracement levels are likely to reinforce the 43.76–43.92 UAH range, which appears to be a key trading corridor.

Backtest Hypothesis

To evaluate potential trading opportunities, a backtesting strategy could be applied using MACD bottom divergence and RSI overbought signals. By aligning these indicators with historical price data, we could identify entry and exit points that may have yielded a profitable strategy. Given the recent neutral conditions of USDTUAH, a backtest from 2022-01-01 to 2025-11-08 could assess whether divergence setups have historically preceded consolidation or breakout patterns. A reliable ticker symbol like "USDTUAH=X" would ensure precise data alignment for this backtest.