Market Overview for Hedera/Tether (HBARUSDT) on 2025-10-06

• Hedera/Tether (HBARUSDT) closed at 0.2206, down from 0.2196 at open, with a 24-hour high of 0.2205 and low of 0.2143.
• Strong bearish momentum evident from midday ET, with a key breakdown below 0.2200 and 0.2190.
• High volatility driven by sharp pullback into the 0.2143 level, followed by partial recovery in the afternoon and evening.
• Volume spiked during the 14:45–16:00 ET window, signaling potential accumulation or panic selling.
• RSI and MACD both suggest oversold conditions late in the session, though bullish confirmation is mixed.

Hedera/Tether (HBARUSDT) opened at 0.2196 on 2025-10-05 at 12:00 ET and closed at 0.2206 on 2025-10-06 at 12:00 ET, with a daily high of 0.2205 and a low of 0.2143. Total traded volume across the 24-hour window was approximately 72,185,777.0, with notional turnover totaling $15,933,804.36. The price action reflected a bearish bias in the early hours, followed by a sharp pullback and a late rally that failed to retest intraday highs.

Structure & Formations

The candlestick structure displayed a bearish bias in the midday hours, with a decisive breakdown below key psychological levels at 0.2200 and 0.2190. A notable bearish engulfing pattern occurred around 16:00–17:00 ET, confirming the downward shift in sentiment. A later recovery from the 0.2143 level showed some accumulation, forming a potential bullish flag pattern from 0.2150–0.2180. A long-legged doji at 19:30 ET reflected indecision and potential exhaustion in the bearish move. Key support levels identified include 0.2165, 0.2150, and 0.2143, with immediate resistance at 0.2180 and 0.2200.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both below current price levels, indicating a short-term bearish trend. The 50-period MA crossed below the 20-period MA, confirming a bearish crossover. On the daily chart, the 50-period MA sits above the 100-period MA but below the 200-period MA, suggesting a neutral-to-bearish bias in the medium term. Price is now retesting the 50-day MA at approximately 0.2175.

MACD & RSI

MACD turned negative during the bearish breakdown and remained below zero, with bearish divergence in the midday hours. A recent cross above the signal line in the late afternoon suggested potential bullish momentum, though it remains unconfirmed. RSI dipped below 30 during the 14:45–15:00 ET window, signaling oversold conditions, but failed to produce a strong reversal above 50 by session close. This mixed momentum suggests indecision between buyers and sellers.

Bollinger Bands

Volatility expanded during the midday breakdown, with price breaking below the lower band. This expansion was followed by a contraction in the late afternoon, suggesting a potential short-term consolidation period. Price is now retesting the upper Bollinger band on the 15-minute chart, signaling increased buying interest and potential volatility ahead.

Volume & Turnover

Volume surged during the 14:45–16:00 ET window, coinciding with a sharp decline to the 0.2143 level. This large volume during a bearish move indicated panic selling or short-covering. Turnover also spiked during this time, reaching a 24-hour peak with the candle at 14:45 ET. However, volume has since declined during the late session rally, suggesting that the accumulation may lack strong conviction.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level is at 0.2175, and the 38.2% level is at 0.2188. Price is currently testing the 61.8% level, suggesting a potential support zone. On the daily chart, the 38.2% and 61.8% levels align with the 0.2190–0.2170 range, indicating a key support cluster for the next 24 hours.

Backtest Hypothesis

Given the bearish engulfing pattern, key Fibonacci support, and oversold RSI reading, a potential entry point for a long position could be on a confirmed rebound above the 0.2165 support level with a stop loss below 0.2150. A target would be the 0.2180 and then 0.2200 levels. This strategy aligns with the formation of a bullish flag pattern and a MACD crossover above the signal line. However, given the mixed momentum and divergence in volume, confirmation of strength is essential before entering.