Market Overview for Harmony/Tether (ONEUSDT) – 2025-12-21

Summary
• Price formed a bullish engulfing pattern on the 5-minute chart near 0.00358.
• RSI entered oversold territory in the early hours, indicating potential short-term bounce.
• Bollinger Bands showed moderate contraction, signaling potential volatility expansion.
• Volume surged in the late afternoon, confirming the upward thrust but failed to hold key resistance at 0.00363.

Harmony/Tether (ONEUSDT) opened at 0.00357 on 2025-12-20 at 12:00 ET, peaked at 0.00364, and closed at 0.00352 on 2025-12-21 at 12:00 ET, with a 24-hour low of 0.00343. Total volume reached approximately 31.4 million ONE, and notional turnover was around $91,500.

Structure & Formations

Price action on the 5-minute chart showed a key bullish engulfing pattern forming near 0.00358 during the afternoon, which hinted at short-term reversal potential. However, the market pulled back after testing the resistance at 0.00363. A bearish divergence appeared in the late evening as price made a higher high while RSI failed to confirm. The 20-period moving average crossed below the 50-period, indicating a shift in near-term sentiment.

Momentum Indicators

RSI spent much of the morning in oversold territory, dipping below 30, but failed to trigger a sustained rebound. MACD remained in positive territory for most of the day, with a bearish crossover occurring in the late afternoon. This suggests weakening momentum despite the volume surge.

Volatility and Bollinger Bands

Bollinger Bands contracted in the early morning, signaling a potential breakout. Price remained within the bands for most of the day, but volatility picked up after 19:00 ET as trading intensified. The upper band served as a temporary ceiling in the late afternoon, but price failed to close above it.

Volume and Turnover Analysis

Volume spiked sharply in the late afternoon, confirming the attempted breakout above 0.0036. However, the lack of follow-through above 0.00363 suggested waning buying interest. Turnover aligned with volume surges but failed to show a corresponding price response, indicating possible profit-taking or order block formation.

Looking ahead, ONEUSDT appears to be consolidating near a key 5-minute and daily pivot level. A sustained close above 0.00363 could reignite the upward trend, while a breakdown below 0.00355 may test the next Fibonacci level at 0.00348. Investors should remain cautious of potential volatility shifts and divergences in the next 24 hours.