Market Overview for Harmony/Tether (ONEUSDT)

Summary
• Price tested a 5-minute swing high near 0.00418 before consolidating near 0.00412–0.00414.
• Volume spiked during the 00:30 ET–01:45 ET window, with a 5-minute candle printing a bullish engulfing pattern.
• RSI remained within balanced territory, avoiding overbought/oversold extremes, suggesting neutral momentum.
• Bollinger Bands showed tightening volatility in the morning before a sharp expansion post-01:30 ET.
• Turnover increased with price consolidation, indicating renewed interest at key levels.

The Harmony/Tether (ONEUSDT) pair opened at 0.00406 on 2026-01-08 at 12:00 ET and closed at 0.00412 at 12:00 ET on 2026-01-09. The 24-hour high was 0.00418, and the low was 0.00406. Total volume reached ~27,246,574.6 units with ~112,891.46 USD in notional turnover.

Structure & Formations

Price action showed a bullish engulfing pattern around 01:30 ET, signaling potential short-term buying interest. Resistance clustered around 0.00415–0.00418 and support near 0.00410–0.00412. The 0.00413–0.00414 zone appears to be a key pivot, with multiple tests and retests in the past 24 hours.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the early morning hours, suggesting a short-term bullish bias. Longer-term (daily) moving averages remain uncalculated due to lack of daily OHLC data, but 5-minute momentum suggests possible early reversal dynamics.

Momentum & Volatility

Relative Strength Index (RSI) values remained between 45 and 55 for most of the period, indicating balanced momentum without overbought or oversold extremes. MACD showed a narrow histogram and a bullish crossover around 01:30 ET, aligning with the bullish engulfing pattern. Bollinger Bands expanded during the 01:30–02:00 ET window, indicating rising volatility as the pair moved closer to the 0.00418 resistance.

Volume and Turnover

Trading volume and notional turnover spiked between 00:30 and 01:45 ET, coinciding with price testing the 0.00413–0.00415 range. A clear divergence was observed between volume and price after 04:00 ET, with volume declining even as the price edged up slightly, hinting at potential exhaustion in the short-term rally.

Fibonacci Retracements

On the 5-minute chart, price approached the 0.00415–0.00418 zone, which corresponds to a 61.8% Fibonacci retracement of the prior 0.00406–0.00418 move. This level could serve as a short-term resistance.

The market appears to be gathering momentum in the 0.00412–0.00415 range, with potential for a breakout if volume and volatility align with price direction. Traders may want to watch for a sustained move above 0.00415 or a breakdown below 0.00410 over the next 24 hours, as these could signal a shift in sentiment.