Market Overview for Harmony/Tether (ONEUSDT)

Summary
• Price action showed a bearish drift in early session but stabilized in a narrow range near key support.
• Volatility remained low, with Bollinger Bands compressing, suggesting a potential breakout酝酿.
• MACD and RSI indicated neutral momentum with no overbought or oversold signals.
• Notional turnover was uneven, with several 5-minute intervals showing volume surges and price consolidation.

At 12:00 ET on December 23, 2025, Harmony/Tether (ONEUSDT) opened at 0.00368, reached a high of 0.00370, and a low of 0.00357, closing at 0.00366. The 24-hour trading volume was approximately 133,290,005.5 units, with notional turnover of roughly $498,646.

Structure & Formations

The price moved within a tight consolidation range between 0.00363 and 0.00369 during the latter half of the session, forming a potential rectangle pattern. A notable bearish engulfing pattern occurred around 19:30 ET, followed by a strong bearish breakout. A potential support level appears at 0.00362, where price found a floor in late afternoon trading.

Moving Averages

On the 5-minute chart, the price remained below the 20- and 50-period moving averages, indicating weak short-term momentum. Daily chart averages show the price is still within a sideways trend, with no clear bias toward a breakout above or below key averages.

MACD & RSI

MACD remained near the zero line with no clear divergence from price, suggesting neutral momentum. RSI hovered between 45 and 55, indicating neither overbought nor oversold conditions. This suggests the market may be in a pause or consolidation phase ahead of a larger move.

Bollinger Bands

Volatility remained compressed for most of the day, with price staying within the bands and showing little deviation. A brief expansion occurred just before 23:45 ET when price surged from 0.00364 to 0.00368, but it closed near the middle band, suggesting the move may be a false breakout.

Volume & Turnover

Volume was highly uneven across 5-minute intervals, with a large spike at 23:45 ET where 6.3 million units traded. This occurred alongside a 0.00365 to 0.00368 move but closed back near the open, indicating possible profit-taking or market testing.

Fibonacci Retracements

Fibonacci retracement levels applied to the key 0.00368 to 0.00357 swing show 0.00364 as a 38.2% level and 0.00360 as a 61.8% level. Price found support at 0.00362, slightly above the 61.8% level, which may indicate a short-term floor.

The market appears to be in a consolidation phase with limited directional bias. Traders should watch for a decisive break of the 0.00363–0.00369 range and confirmatory volume. Caution is warranted as false breakouts are likely given the low volatility and uneven turnover.