Market Overview for Hedera/Tether (HBARUSDT) on 2025-10-08

• Hedera/Tether (HBARUSDT) closed 24 hours at 0.2170, down from 0.2176, within a tight trading range between 0.2152 and 0.2209.
• Momentum indicators suggest mixed momentum, with RSI hovering around 50 and MACD near neutral.
• Volatility expanded during the 24-hour period, particularly between 20:00 and 22:00 ET, indicating potential short-term interest.
• Price found temporary support at 0.2160–0.2165 during the early hours, but failed to break higher into key resistance areas.
• Turnover increased during late ET hours, but notional volume remained moderate relative to prior sessions.

Hedera/Tether (HBARUSDT) opened at 0.2176 at 12:00 ET on 2025-10-07, reaching a high of 0.2209 and a low of 0.2152 before closing at 0.2170 on 2025-10-08 at 12:00 ET. Total volume for the 24-hour window was approximately 50,590,112.0, with a notional turnover of roughly $10,385,924. The pair remained range-bound, with price action oscillating between key levels, showing signs of indecision among traders.

Structure & Formations

The daily timeframe showed a consolidation pattern, with price bouncing between 0.2160–0.2165 as a support and 0.2195–0.2200 as a resistance cluster. A key bearish engulfing pattern emerged at 03:30 ET, as price opened at 0.22007 and closed at 0.21858, signaling a potential shift in sentiment. A doji formed at 03:15 ET, indicating indecision, while a bullish hammer at 00:15 ET hinted at possible short-covering. The 15-minute chart displayed multiple small-range bodies and wicks, showing ongoing tug-of-war between bulls and bears.

Moving Averages

On the 15-minute chart, the 20-period MA (SMA20) was around 0.2174, while the 50-period MA (SMA50) was slightly lower at 0.2173. These indicators closely tracked price action, with price fluctuating around the MA cluster. On the daily timeframe, the 50-period MA was at 0.2178 and the 200-period MA at 0.2164, both indicating a neutral bias with price trading near the 50-day line. The proximity of these lines suggests potential for a breakout or continuation, depending on the next directional bias.

MACD & RSI

The 15-minute MACD showed a neutral reading, with the MACD line hovering near the signal line and the histogram showing no strong divergence. The RSI remained within the 45–55 range, indicating balanced momentum. However, the RSI did dip into the oversold territory at 42.3 at 03:45 ET, suggesting a potential short-term rebound. On the daily chart, the RSI was at 52.5, and the MACD showed a small bullish divergence, hinting at potential strength. While not overbought or oversold, the indicators suggest that momentum is neutral to slightly bullish in the short term.

Bollinger Bands

Bollinger Bands on the 15-minute chart showed a moderate contraction followed by a widening between 20:00 and 22:00 ET, indicating increased volatility. The upper band reached 0.2209 at 21:00 ET, while the lower band hovered around 0.2160. Price spent most of the session within the 0.2165–0.2200 range, near the center of the bands, indicating a consolidation pattern. The recent widening suggests traders may be preparing for a potential breakout or breakdown.

Volume & Turnover

Volume spiked during the late ET hours, peaking at 5,046,633.0 at 21:00 ET and 6,591,266.0 at 21:15 ET, while turnover followed a similar pattern. However, these volume spikes did not correspond to a strong directional move, suggesting a washout or indecision. In contrast, a lower volume at 03:30 ET coincided with a bearish engulfing pattern, indicating a potential exhaustion of buying interest. Price and volume appeared to align during the early hours but diverged during the mid-ET period.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.2209 to 0.2152, key levels at 0.2178 (38.2%), 0.2173 (50%), and 0.2168 (61.8%) acted as critical support and resistance. Price tested the 0.2173 level multiple times and found support at 0.2168 during the early morning hours. These levels could serve as potential turning points in the near term, especially if the price manages to break above the 0.2178–0.2180 cluster.

Backtest Hypothesis

Given the recent consolidation and multiple tests of key levels, a potential backtest strategy could involve a breakout system based on the 20-period moving average and Fibonacci retracements. A long entry could be triggered if the price closes above 0.2180 with a confirmation candle and a volume increase. A stop loss could be placed just below the 0.2173–0.2168 cluster, with a take-profit target at 0.2195. This approach assumes a breakout continuation and a recovery in buyer sentiment, aligning with the current technical indicators discussed.