Market Overview for Harmony/Tether (ONEUSDT) - 2025-10-26

• ONEUSDT traded in a narrow 0.00664–0.00688 range, forming consolidation with a 0.00686 high.
• Price closed near 0.00684, showing bullish momentum from a 0.00666 intraday low.
• Volatility spiked during late-night hours, with volume exceeding 69 million.
• RSI reached overbought territory, suggesting potential near-term pullback risk.
• Bollinger Bands narrowed before the 0.00684 close, signaling possible breakout.

The Harmony/Tether (ONEUSDT) pair opened on 2025-10-25 at 0.00665 and closed on 2025-10-26 at 0.00684. The 24-hour range was 0.00664 to 0.00688. Total trading volume amounted to 69,576,969.83, with a notional turnover of $470,763.60 based on the dataset. The price showed signs of consolidation with late-hour bullish momentum.

Structure and formations reveal a strong support near 0.00666 and resistance forming at 0.00683–0.00688. A notable bullish engulfing pattern emerged in the early hours of 2025-10-26, followed by a 0.00686 high. A doji appeared around 0.00682–0.00683, signaling indecision. A key bearish divergence may develop if volume fails to support further gains above 0.00686.

The 20- and 50-period moving averages on the 15-minute chart remain bullish, with price above both. On the daily chart, the 50- and 200-day MAs are converging, hinting at a potential retesting of 0.00680. MACD showed a bullish crossover in the early morning, with positive momentum holding through the trading session. RSI touched 72, suggesting overbought conditions and a near-term correction risk.

Bollinger Bands narrowed during the early part of the session, followed by an expansion as the price approached 0.00686. Price closed near the upper band, suggesting a potential breakout attempt. Volatility surged in the late-night and early morning hours, with a peak at 0.00681–0.00682. Notional turnover spiked during these hours, indicating strong interest.

Fibonacci retracement levels on the recent 15-minute swing (0.00666–0.00686) suggest key levels at 0.00676 (38.2%), 0.00679 (50%), and 0.00682 (61.8%). Daily moves show 0.00666 as a critical retracement level. A break above 0.00686 could target 0.00690–0.00693, whereas a pullback to 0.00674 or lower may test 0.00668–0.00666.

Backtest Hypothesis
The proposed strategy involves entering long positions on a bullish engulfing pattern confirmed by a close above 0.00675, with a stop-loss placed below 0.00666 and a target of 0.00685–0.00688. The recent candle on 00:30 ET (0.00673) confirms the pattern. Using 20/50-period MAs as filters and RSI over 55 as a confirmation signal, this setup aligns with the observed price behavior. A backtest would likely reveal the potential profitability of this pattern in a consolidative context, though risk management is crucial given the overbought RSI.