Market Overview for Harmony/Tether (ONEUSDT) – 2025-12-31

Summary
• Price action suggests a bearish bias with a key support forming at $0.00381.
• Momentum indicators signal a potential short-term reversal as RSI approaches oversold territory.
• Volatility has increased, with Bollinger Bands expanding and price fluctuating near the lower band.
• High volume confirmed the breakdown from $0.0039 resistance, reinforcing bearish sentiment.

Harmony/Tether (ONEUSDT) opened at $0.00388 on 12:00 ET−1, reaching a high of $0.00401 before closing at $0.00379 as of 12:00 ET on 2025-12-31. The 24-hour low was $0.00365. Total volume traded during the period was 85,058,330.5 units, with notional turnover at $324,806.

Structure & Formations

Price has shown a bearish bias throughout the day, with a notable breakdown from $0.0039 resistance confirmed by strong volume. A key support level appears to be forming around $0.00381, where price has found repeated buying interest. A long lower shadow and bearish engulfing patterns during early ET hours reinforced the downward momentum.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages have trended lower, aligning with the bearish tone. On the daily timeframe, the 200-period moving average acts as a critical long-term support, currently at $0.00380, with the 50-period line slightly above it, indicating a potential consolidation or reversal could be in play.

Momentum and Volatility

The RSI has dropped into oversold territory, which could signal a short-term bounce or at least a pause in the decline. MACD has turned negative and is trending lower, supporting the bearish bias. Bollinger Bands have expanded, showing increased volatility, and price is currently near the lower band, indicating the risk of a short-term rebound.

Volume and Turnover

Volume spiked during the breakdown from $0.0039, confirming bearish conviction. However, recent volume has diminished slightly, which may suggest a slowing in the downtrend. Notional turnover has remained high in line with the volume increase, reinforcing the strength of the bearish move.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 5-minute high of $0.00401 and low of $0.00365, the 38.2% retracement level sits at $0.00389 and the 61.8% at $0.00379—where price has recently closed. This suggests the market may consolidate or retest the 61.8% level in the near term.

The market appears to be in a bearish consolidation phase, with strong support forming near $0.00381. A bounce to the 61.8% level at $0.00379 could be followed by a test of the 50-period moving average. Investors should remain cautious, as a break below $0.00379 would open the door to further downside risk and long-term bearish sentiment.