Market Overview for Harmony/Tether (ONEUSDT)

Summary
• Price formed bullish engulfing patterns near key support levels.
• RSI showed slight overbought conditions in late session.
• Volume increased near highs but declined during consolidation.
• 20-period MA acted as dynamic support mid-day.
• Bollinger Bands widened after 19:00 ET, signaling rising volatility.

Harmony/Tether (ONEUSDT) opened at 0.00373 on 2025-12-29 12:00 ET and closed at 0.00385 by 12:00 ET-1 on 2025-12-30. The pair hit a high of 0.00391 and a low of 0.00371 over the 24-hour period, with total volume reaching 77,099,499.6 and turnover at 293,290.76.

Structure & Formations

Bullish engulfing patterns emerged near 0.00373 and 0.00375 as buyers pushed price back above key support levels. A small doji formed at 0.00375, suggesting indecision. The 20-period MA acted as dynamic support mid-session before price tested higher levels.

Moving Averages and Trends

Price broke above the 20-period MA and held above the 50-period MA, indicating short-term bullish momentum. On the daily chart, the 50-period MA appears to be forming a support line around 0.00378.

Momentum and Volatility

RSI climbed into overbought territory (above 60) late in the session, suggesting potential short-term profit-taking. MACD showed a positive crossover around 08:15 ET and remained above the signal line through most of the session. Bollinger Bands widened after 19:00 ET, reflecting heightened volatility.

Volume and Turnover

Volume and turnover surged after 08:15 ET, coinciding with the breakout to 0.0038. The highest 5-minute volume spike occurred at 16:15 ET with 3.7M traded. Notional turnover also rose in tandem with price action, supporting the bullish bias.

Fibonacci Levels and Retracements

A key swing from 0.00371 to 0.00391 showed strong consolidation around 61.8% (0.00382–0.00385). The 38.2% retracement level (0.00381) also acted as a minor support.

Looking ahead, the next 24 hours could see further consolidation around 0.00382–0.00385, with a risk of profit-taking if the 20-period MA at 0.00382 is tested again. Traders should remain cautious about potential divergence between price and RSI.