Summary
• Harmony/Tether (ONEUSDT) traded in a bullish consolidation pattern during early morning ET.
• A sharp rebound occurred after 22:45 ET, breaking above prior resistance near $0.00355.
• Volatility increased significantly after 01:00 ET, with turnover surging past $4M.
• RSI showed overbought conditions by 06:00 ET but failed to confirm a breakout with volume.
• Bollinger Bands expanded post 03:00 ET, suggesting renewed momentum or distribution.
Harmony/Tether (ONEUSDT) opened at $0.00351 on 2025-12-21 at 12:00 ET and closed at $0.00368 by 2025-12-22 at 12:00 ET, reaching a high of $0.00374 and a low of $0.00348. Total volume was 31,773,598.8 ONE, and notional turnover was $11,214,057.1.
Structure & Formations
The 24-hour 5-minute chart shows a strong bullish reversal formation after 22:45 ET, with a large bullish candle opening at $0.00355 and closing near $0.00356. A key support level formed near $0.00351 and was tested multiple times. A potential resistance level near $0.00368 appears to be forming as price consolidates above prior levels.
Moving Averages
The 20-period and 50-period moving averages on the 5-minute chart indicate a bullish crossover after 03:00 ET, suggesting short-term bullish momentum. The daily chart shows the 50-period moving average above the 200-period line, reinforcing a longer-term bullish trend.
MACD & RSI
The MACD turned positive after 02:00 ET, confirming the bullish breakout. RSI reached overbought territory near 70 at 06:00 ET, suggesting potential near-term profit-taking. However, RSI remains above 50, indicating sustained bullish pressure.
Bollinger Bands
Volatility expanded after 03:00 ET as price moved beyond the upper Bollinger Band, suggesting a breakout attempt. Price has since consolidated within the bands, indicating possible indecision among market participants.
Volume & Turnover
Volume surged significantly after 01:00 ET, with a single candle at 03:45 ET reaching $1,138,221.8 in volume. This was accompanied by a notable increase in notional turnover, confirming the breakout. No clear divergence between price and turnover was observed during the rally.
Fibonacci Retracements
A retracement of the key 5-minute swing (from $0.00348 to $0.00355) shows support at 61.8% near $0.00352, which has held on multiple occasions. A larger daily Fibonacci level at 38.2% (around $0.00361) appears to be providing short-term support.
The market appears to be testing new resistance levels after a strong morning rally. While bullish momentum remains intact, a consolidation phase may precede a breakout. Investors should remain cautious of a pullback to
key support levels near $0.00351–$0.00352 in the next 24 hours.
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