ONEUSDT Market Overview: 24-Hour Technical Breakdown for 2025-09-11

• Price consolidates near key support at 0.01075 after sharp decline from 0.01095
• MACD suggests weakening bullish momentum, RSI near overbought levels
• Volatility spikes post-ET, volume concentrated during bearish breakdown
• Bollinger Bands show recent contraction, indicating potential trend shift
• Fibonacci retracement at 61.8% (~0.01085) currently acts as pivot level

Harmony/Tether USDt (ONEUSDT) opened at 0.01085 on 2025-09-10 12:00 ET, reached a high of 0.01095, a low of 0.01064, and closed at 0.01076 by 2025-09-11 12:00 ET. Total volume was 36,555,493.76 ONE and total turnover was $391,022.42 USD over the 24-hour period.

Structure & Formations

Price action over the 24-hour period shows a clear bearish breakdown from the 0.01095 resistance level, with a strong decline into the 0.01075 support zone. A notable bearish engulfing pattern formed at 0.01093–0.0109 on 2025-09-11 07:00–07:15 ET, signaling potential continuation of the downward move. A key support level has been established around 0.01075–0.01076, with price bouncing slightly after reaching the 0.01064 intraday low. A doji candle at 0.01079–0.01080 (2025-09-11 11:30–11:45 ET) suggests indecision and may act as a near-term pivot.

Moving Averages

On the 15-minute chart, the 20-period moving average (20-SMA) has dipped below the 50-SMA, forming a bearish “death cross” signal. This suggests a continuation of the downward bias in the short term. On a daily chart, the 50-SMA is above the 100-SMA, but the 200-SMA is pulling in the opposite direction, indicating a possible tug-of-war in the longer term between bullish and bearish momentum.

MACD & RSI

The MACD has been negative for the majority of the 24-hour period, with the histogram showing divergence from the price action during the 2025-09-10 19:30–20:30 ET session. RSI has recently entered overbought territory (70–75 range) during the 07:00–07:30 ET session, suggesting a potential overextension in the bearish move, though the overbought reading may reflect a sharp decline rather than a true overbought condition.

Bollinger Bands

Bollinger Bands show a significant contraction during the 2025-09-11 11:00–12:00 ET session, indicating a potential low-volatility period before a breakout. Price briefly pierced the lower band at 0.01064, but has since retracted, suggesting that support is holding for now. The current midline sits at ~0.01082, which could serve as a pivot point in the near future.

Volume & Turnover

Volume has increased significantly during the bearish breakdown phase (2025-09-10 19:30–20:30 ET), especially around the 0.01076–0.01064 price range, which confirms the strength of the downward move. Notional turnover spiked at the same time, with the largest turnover occurring during the 07:30–08:30 ET session. Price and turnover are aligned in these phases, suggesting strong conviction in the bearish direction.

Fibonacci Retracements

Applying a 15-minute swing from 0.01064 to 0.01095, the 61.8% retracement level (~0.01085) is currently acting as a key resistance. On the daily chart, the 61.8% retracement from the 0.01064 low to the 0.01095 high is at ~0.01085, which could serve as a pivot level in the next 24 hours. The 38.2% level (~0.01080) is also a critical area to watch for potential consolidation or reversal.

Backtest Hypothesis

Given the recent bearish confirmation from the 15-minute and daily charts, a backtest strategy could be constructed using a simple mean-reversion approach: entering a short position when price breaks below the 20-SMA on the 15-minute chart, with a stop-loss above the 61.8% Fibonacci level at 0.01085 and a target aligned with the 0.01075–0.01076 support zone. This strategy would align with the observed momentum and volume patterns, particularly the bearish engulfing and doji signals. The use of RSI and MACD would help confirm entry and exit points, ensuring alignment with overbought conditions and weakening bullish momentum.

Forward-Looking View & Risk Caveat
With key support holding around 0.01075 and resistance at 0.01085, traders should prepare for potential consolidation or a rebound in the next 24 hours. A break above 0.01085 could signal a retest of the 0.01095 level, while a break below 0.01075 increases the risk of a deeper correction. Volatility remains elevated, and traders should remain cautious of unexpected macro or sector-driven moves.