Harmony/Tether (ONEUSDT) 24-Hour Market Overview

• ONEUSDT dropped 8.6% over 24 hours, hitting a low of $0.01044 before consolidating near $0.0106.
• Volatility expanded during the decline, with volume surging to $56.1 million during the late ET sell-off.
• A bearish engulfing pattern formed after a failed attempt to retest $0.0111, signaling potential continuation lower.
• RSI and MACD confirmed bearish momentum, with RSI approaching oversold levels and MACD in negative territory.
• Bollinger Bands widened during the breakdown, showing increased short-term uncertainty and heightened risk of further selloff.

Harmony/Tether (ONEUSDT) opened at $0.0111 at 12:00 ET − 1 and closed at $0.0106 at 12:00 ET, with an intraday high of $0.01126 and low of $0.01044. Total 24-hour volume amounted to approximately 304.6 million ONE tokens, while notional turnover reached $31.8 million, showing uneven flow with sharp drops in the late ET session. A bearish reversal narrative emerged as the price failed to hold above $0.0111 and collapsed toward $0.0106, with volume intensifying during the breakdown.

The structure of ONEUSDT over the last 24 hours suggests a clear breakdown of a key support zone. The 15-minute chart formed a bearish engulfing pattern during the early ET hours, confirming the breakdown of the $0.0111–$0.01126 range. A notable doji appeared near $0.01103, indicating indecision and foreshadowing the sharp drop. Short-term support levels now sit near $0.0106, with $0.01045–$0.0105 potentially acting as a next major level for price to test.

Moving averages reinforce the bearish bias. The 20-period and 50-period SMAs on the 15-minute chart intersected during the breakdown phase, confirming a bearish crossover. On a daily timeframe, the price sits well below the 50-period, 100-period, and 200-period SMAs, aligning with a broader bearish trend. The convergence of these indicators suggests the likelihood of continued downward momentum in the short term.

MACD turned sharply negative during the selloff, with the histogram diverging from the price action to emphasize the momentum shift. RSI dipped into oversold territory below 30, suggesting a potential near-term rebound from $0.0106–$0.0107. However, this does not negate the overall bearish trend, as RSI can remain oversold in trending conditions. Bollinger Bands expanded significantly during the breakdown, with the close near the lower band at $0.0106, reinforcing the idea that the price is trading at the edge of its recent volatility range.

The volume profile shows a marked increase during the breakdown phase, with notional turnover spiking to $56.1 million around the $0.0107–$0.0108 level. This coincided with the bearish engulfing pattern and suggests strong selling pressure. However, volume has since contracted, which may indicate a temporary pause in the sell-off rather than a reversal. The price has not yet retested the breakdown level, so confirmation remains pending.