Market Overview: Harmony/Tether ONEUSDT 24-Hour Analysis

Summary
• Price action shows a bearish bias with a 0.00427–0.00440 key range.
• Volatility expanded after a morning consolidation, with high turnover at key levels.
• RSI signaled overbought levels twice, but price failed to confirm bullish momentum.
• A 5-minute bullish engulfing pattern appeared at 0.00424 but failed to hold above 0.00426.
• Bollinger Bands constricted prior to a sharp break below the 20-period MA.

Market Overview

Harmony/Tether (ONEUSDT) opened at 0.00440 on 2026-01-14 at 12:00 ET, reached a high of 0.00440, a low of 0.00406, and closed at 0.00414 on 2026-01-15 at 12:00 ET. The 24-hour volume was 91,683,174.3 units, with a notional turnover of 363,280.47 USD.

Structure & Formations

Price action revealed a bearish breakdown from the 0.00427–0.00440 range, with multiple attempts to reclaim 0.00426 failing. A 5-minute bullish engulfing pattern appeared at 0.00424 but was quickly reversed, indicating weak conviction. A key support level appears forming at 0.00418–0.00422, with a 61.8% Fibonacci retracement level of the 0.00440–0.00406 swing at 0.00423 serving as a potential pivot point.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart acted as resistance in the morning, with the price falling below the 20-period MA early in the afternoon. The 50-period MA remains above the 100-period MA on the daily chart, suggesting intermediate bearish momentum.

Momentum & Indicators

The 12-period MACD crossed below zero with a bearish divergence, confirming a shift in momentum. RSI moved into overbought territory twice in the morning but failed to sustain bullish momentum, indicating distribution pressures. Price broke below the 20-period MA while RSI remained above neutral, suggesting potential divergence to watch.

Volatility & Turnover

Bollinger Bands constricted between 0.00423 and 0.00427 in the early hours, followed by a sharp expansion as price broke lower. The most significant volume spike occurred at 0.00424–0.00425, where a large candle confirmed a breakdown. Notional turnover spiked above $3,000 USD in the 5-minute chart, with no clear divergence between price and volume.

Fibonacci Retracements

The 0.00440–0.00406 5-minute swing sees 0.00423 as the 61.8% retracement level, which acted as a minor floor for several hours. On the daily chart, the 61.8% retracement of the recent bull move remains above current levels, suggesting continued bearish control.

Harmony/Tether may test the 0.00413–0.00418 support zone over the next 24 hours, with a potential for a short-term bounce if buyers re-enter. However, without a clear rejection of this range or confirmation above 0.00426, the bearish trend may continue. Investors should watch for a reversal candle at 0.00413 and divergences in RSI.