Market Overview: Harmony/Tether (ONEUSDT) – 24-Hour Technical Summary

• ONEUSDT closed higher by +7.2% with a strong close above $0.00940.
• Volatility expanded mid-session, with a peak of $0.00953 and a low of $0.00913.
• Volume surged in late trading, confirming bullish momentum.
• RSI moved from oversold to overbought, suggesting strong short-term buying interest.
• A bullish engulfing pattern formed near $0.00940, signaling a potential breakout.

Harmony/Tether (ONEUSDT) opened at $0.00918 at 12:00 ET-1 and closed at $0.00941 by 12:00 ET, with a high of $0.00953 and a low of $0.00913. The 24-hour volume amounted to 68,142,869.0 units, with a total turnover (volume × price) of approximately $638,230. The price action showed significant movement, driven by strong volume in the latter half of the trading window.

The 15-minute chart showed a clear bullish bias, with key support levels emerging around $0.00925–$0.00930 and resistance forming at $0.00942–$0.00945. A bullish engulfing pattern formed near $0.00940, suggesting a breakout attempt. Doji were observed near $0.00945 and $0.00930, indicating indecision but ultimately followed by continuation higher. No clear bearish patterns were evident in the 24-hour window.

Moving averages on the 15-minute chart showed a healthy crossover, with the 20-period MA (0.00938) above the 50-period MA (0.00935). Daily moving averages (50, 100, 200-period) were also aligned in a bullish trend, with the price above all three and the 50-period MA rising. This suggests continued support for a near-term uptrend.

RSI on the 15-minute chart climbed from the 30s to the 60s and even into the 70s, indicating strong upward momentum. A potential overbought condition emerged near 72, suggesting a pullback or consolidation could be near. MACD crossed above the signal line with positive divergence, adding to the bullish narrative. Bollinger Bands showed a recent expansion, with price settling just above the upper band near $0.00953, suggesting increased volatility and a possible topping process.

The total notional turnover increased significantly in the last 6 hours, with volume peaking near the $0.00945 level. This volume spike confirmed the price move higher rather than contradicting it, suggesting strong conviction. Notable divergence between price and volume occurred during the early morning hours but was resolved with a strong closing leg up.

Fibonacci retracement levels on the recent 15-minute swing from $0.00913 to $0.00953 showed the price finding temporary support at the 61.8% level ($0.00937) before surging higher. The 100% extension at $0.00966 may represent a near-term target if the trend continues. On the daily chart, the 38.2% retracement level at $0.00932 appears to hold as a key support zone.

The backtesting strategy leverages a combination of the 20/50 EMA crossover, RSI overbought/oversold levels, and volume confirmation to identify potential reversal or continuation signals. It seeks to capture the momentum swings seen in ONEUSDT’s recent behavior, with a bias toward short-term scalping on the 15-minute timeframe. The strategy entered long positions when the 20-period MA crossed above the 50-period MA, RSI was above 30, and volume showed confirmation. It exited when RSI crossed 70 or when the EMA crossover reversed. During the 24-hour period, the strategy would have generated multiple entries and exits, potentially capitalizing on the strong late-session surge.