Market Overview for Harmony/Tether (ONEUSDT)

Summary
• Price broke below key 0.00365 support into 0.00354–0.00356 consolidation.
• Volume surged at 0.00355 level, confirming short-term equilibrium.
• RSI and MACD signal oversold conditions, hinting at potential bounce.

Harmony/Tether (ONEUSDT) opened at 0.00374 on 2025-12-31 12:00 ET, hit a high of 0.00374, a low of 0.00346, and closed at 0.00354 by 12:00 ET on 2026-01-01. Total volume was ~222 million, with turnover of ~79,000 USD.

Structure & Formations

The price formed a bearish engulfing pattern near 0.00365, confirming the breakdown to 0.00354–0.00356. A bullish engulfing pattern appears at the lower end of this range, suggesting a possible short-term rebound. A long-legged doji at 0.00355 indicates indecision and potential reversal.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages both dipped below price action, reinforcing the bearish bias. The 50-period MA on the daily chart remains above the 200-period MA, indicating a longer-term neutral stance.

Momentum Indicators

RSI dipped to oversold territory (~30–32), indicating a potential rebound could be near. The MACD line crossed below the signal line earlier in the 24-hour period, but is now flattening, suggesting a pause in the downward thrust.

Volatility and Bollinger Bands

Volatility expanded during the breakdown phase, with price hitting the lower Bollinger Band. Recent consolidation near 0.00355 has seen a slight contraction in band width, potentially signaling a quieter phase before the next move.

Volume and Turnover

Volume spiked sharply at 0.00355, aligning with the price stabilization. Notional turnover surged during this phase, supporting the idea that the move to 0.00354–0.00356 is structurally significant. No significant divergence between price and turnover was observed.

Fibonacci Retracements

A 61.8% retracement level is near 0.00356, aligning with recent consolidation. A 38.2% retracement is at 0.0036, which may act as a short-term resistance if the pair bounces from the oversold RSI level.

Looking ahead, a retest of 0.00356 could trigger a short-term bounce if RSI and MACD gain momentum. However, failure to hold above 0.00354 may extend the decline toward 0.00350–0.00352. Investors should remain cautious given the volatile setup and mixed momentum signals.