Harmony/Tether (ONEUSDT) 24-Hour Market Overview

• ONEUSDT opened at 0.00957 and closed at 0.00911, hitting a high of 0.00961 and a low of 0.00894.
• Price dropped sharply from 0.00961 to 0.00899 overnight, forming a bearish trend.
• Volume surged at 0.00914 (11:30 ET), signaling a potential turning point.
• RSI reached oversold territory near 0.00899, suggesting a potential rebound.
• Bollinger Bands widened after 21:00 ET, indicating increased volatility.

Harmony/Tether (ONEUSDT) opened at 0.00957 on 2025-09-24 at 12:00 ET and closed at 0.00911 on 2025-09-25 at the same time. The pair hit an intraday high of 0.00961 and a low of 0.00894, with a 24-hour trading volume of approximately 62.7 million tokens and a notional turnover of $574,600.

The structure of the past 24 hours reveals a bearish bias, driven by a sharp drop overnight from 0.00961 to 0.00899, with notable bearish engulfing patterns forming between 21:00 and 00:45 ET. Key support levels emerged at 0.00910 and 0.00900, both of which were tested and partially held. Resistance levels at 0.00955 and 0.00960 appear significant for short-term bounce potential. A bullish reversal pattern emerged at 0.00914 (11:30 ET), where price found a pivot point after an oversold RSI reading.

Moving Averages suggest short-term bearish momentum, with the 20-period and 50-period lines on the 15-minute chart diverging downward. The 50-period daily line is below the 100 and 200-period lines, reinforcing the medium-term bearish bias. MACD showed a bearish crossover early in the session, with a weak bullish divergence later in the morning at 0.00914. RSI dipped below 30 multiple times, signaling oversold conditions and potentially setting up for a rebound.

Bollinger Bands expanded significantly during the overnight session, indicating heightened volatility. Price spent much of the 24-hour window in the lower band, suggesting continued bearish sentiment. Volume surged at 0.00914 (11:30 ET), confirming the potential short-term support level. Turnover remained elevated during this time, reinforcing the price action. However, price and turnover diverged slightly after 14:00 ET, suggesting caution about the strength of the recent low.

Fibonacci retracement levels applied to the overnight low to morning high show key levels at 0.00925 (38.2%) and 0.00938 (61.8%), which could act as potential resistance for any short-term bounce. These levels may also serve as psychological barriers for traders. If price breaks below 0.00910, the next Fibonacci level at 0.00900 could offer a short-term floor, though confirmation is needed on increased volume.

The backtest strategy involves entering long positions when price crosses above the 50-period moving average on the 15-minute chart, provided the RSI is above 30 and volume is increasing. A stop-loss is placed below the recent swing low, and a target is set at the next Fibonacci retracement level. This strategy aligns with the observed reversal at 0.00914, where the 50-period line was crossed and RSI began to diverge upward. The volume surge also provided confirmation of the potential reversal. However, divergence between price and turnover after 14:00 ET suggests caution for any short-term bullish setups.