Harmony/Tether Market Overview (2025-10-01)

• Price surged from 0.00897 to 0.00964 amid strong volume and momentum
• RSI hit overbought territory, suggesting potential consolidation
• Bollinger Bands showed expansion, reflecting increased volatility
• Volume peaked at 13.6 million during a bullish breakout in the early session
• A bullish engulfing pattern formed near the close, signaling buying pressure

Harmony/Tether (ONEUSDT) opened at 0.00897 on 2025-09-30 at 12:00 ET and closed at 0.00958 on 2025-10-01 at 12:00 ET, reaching a high of 0.00964 and a low of 0.00888. Total volume traded in the 24-hour period was approximately 136,275,445.5 units, with a total turnover of around $1,299,383,461. The pair has shown a clear bullish bias, supported by strong volume and momentum indicators.

Structure & Formations

The price of ONEUSDT has been forming key support and resistance levels over the 24-hour period. A strong support appears to have formed near 0.00888–0.00892, while resistance developed at 0.00952 and 0.00963. A bullish engulfing pattern formed near the close, indicating strong buying pressure after a period of consolidation. A doji candle appeared around 0.00922, suggesting indecision before a breakout.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover in the late part of the session, reinforcing the upward trend. The 50-period MA currently sits around 0.00934, while the 20-period MA is near 0.00947. On the daily chart, the 50- and 100-period MAs are aligned above 0.00930, but the 200-period MA remains a key long-term support.

MACD & RSI

The MACD line showed a strong positive divergence as price surged higher, with the histogram expanding in the bullish territory. The RSI crossed into overbought territory (above 70) in the final hours of the session, signaling potential for a pullback or consolidation. However, the RSI has remained in overbought territory for a prolonged period, suggesting strong demand and possible continuation of the bullish trend.

Bollinger Bands

The Bollinger Bands expanded significantly as price broke out of a range, with the upper band reaching 0.00963 and the lower band sitting at 0.00943. The price closed near the upper band, suggesting strength and potential for a continuation of the move. Volatility spiked in the final hours, reflecting increased market participation and bullish sentiment.

Volume & Turnover

Volume spiked significantly during the breakout phase, particularly around 08:45 ET and 09:00 ET, with a 15-minute volume of 13.6 million units. This suggests strong buying interest and confirms the upward momentum. The notional turnover also increased in alignment with the price move, indicating no divergence between volume and price, which supports the validity of the trend.

Fibonacci Retracements

On the 15-minute chart, the recent swing from 0.00888 to 0.00964 saw the price testing the 61.8% retracement level at 0.00932 before continuing higher. On the daily chart, the key 38.2% retracement level appears to be near 0.00915, which could act as a potential support zone if the price pulls back.

Backtest Hypothesis

A backtesting strategy could look to capitalize on the bullish engulfing pattern and strong MACD divergence seen near the close. A potential setup would involve entering a long position after a bullish engulfing pattern closes above 0.00955, with a stop-loss placed just below the recent low of 0.00947. A target could be set at 0.00965–0.00970, with a trailing stop to protect gains. Given the recent overbought RSI and strong volume, this strategy would aim to ride the momentum while managing risk with tight stops.

The forward-looking view suggests ONEUSDT could test key resistance at 0.00970–0.00980 in the next 24 hours, especially if the bullish momentum remains intact. However, a pullback to the 0.00945–0.00950 zone should be watched closely, as it could offer a re-entry opportunity. As always, investors should remain cautious of potential divergence in momentum and increased volatility in a fast-moving crypto market.