Market Overview for Hedera/Tether (HBARUSDT) – 24-Hour Analysis

• Price fell to a 24-hour low of $0.24243 before rebounding into mid- to late-night consolidation.
• High volatility observed in the early hours, followed by a slow decline and consolidation.
• Volume remained elevated during sharp declines but dipped during sideways consolidation.
• RSI and MACD signaled bearish momentum early on, with no signs of overbought conditions.
• A bullish reversal pattern emerged near support levels late in the session.

The Hedera/Tether (HBARUSDT) pair opened at $0.24891 on 2025-09-13 at 12:00 ET, and over the next 24 hours, it reached a high of $0.24965 and a low of $0.24243, closing at $0.24418 on 2025-09-14 at 12:00 ET. Total volume across the 24-hour period was 53,587,284.9, with a notional turnover of approximately $13,375,344.62, indicating moderate to high market participation amid significant price swings.

Structure & Formations

Price action revealed a bearish bias early on, as the market moved sharply lower from the initial high of $0.24965, forming a bearish engulfing pattern near $0.24616. A key support level emerged around $0.24387–0.24393, where the price found a base and began to consolidate. Late in the session, a small bullish reversal pattern formed around $0.24409, suggesting a potential short-term bottoming process. A 24-hour doji was not observed, but a series of spinning tops and hanging man formations suggested indecision among traders after the sharp decline.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in a bearish crossover, reinforcing the short-term downward trend. On the daily chart, the 50, 100, and 200-period moving averages were aligned in a descending order, confirming the bearish sentiment over a longer horizon. If the price remains above $0.2435, it could begin to test the alignment of these MA lines, signaling potential for a reversal or a continuation of the downtrend depending on volume and momentum.

MACD & RSI

The MACD line remained below the signal line throughout most of the 24-hour period, indicating sustained bearish momentum, with a small upward crossover occurring after the $0.24409 level. The RSI dipped into oversold territory (below 30) during the low at $0.24243, suggesting the price may have reached a near-term bottom. However, the RSI failed to make a strong rebound, keeping the bearish bias intact. A closing above $0.2450 may bring the RSI back into neutral territory, but a sustained move above $0.2460 would be needed to signal a true bullish shift.

Bollinger Bands

Volatility expanded significantly during the early hours of the 24-hour period, with the upper band reaching $0.24965 and the lower band dropping to $0.24243. The price spent much of the latter half of the session consolidating near the middle band, indicating a possible retracement or consolidation phase. The recent expansion in the Bollinger Band width suggests high volatility, with a potential for another breakout or breakdown depending on how the next 24 hours unfold.

Volume & Turnover

Volume surged during the early decline, especially around the $0.24389 close, where 9.2 million contracts were traded. This large volume provided confirmation of the bearish move. However, as the price consolidated below $0.2450, volume gradually declined, suggesting a lack of conviction from bearish participants. The total turnover of approximately $13.4 million suggests moderate trading activity for a mid-cap altcoin, with no extreme spikes that would indicate a flash crash or manipulation.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute swing from $0.24965 to $0.24243 showed that the price found support at the 61.8% level around $0.24439 and the 78.6% level at $0.24533. These levels appear to have acted as short-term floors, with the 38.2% level at $0.24698 showing no strong resistance. If the price breaks above $0.2460, the next Fibonacci levels would offer additional resistance, while a move below $0.2435 would signal a deeper bearish phase with the next support at the 127.2% extension of $0.24169.

Backtest Hypothesis

For a potential backtest, a trader might consider a short-bias strategy where a bearish signal is triggered when the price breaks below the 61.8% Fibonacci level, confirmed by a close below the 20-period moving average and a bearish divergence in the RSI. A stop-loss could be placed above the 78.6% retracement level, with a target at the 127.2% extension. This setup would aim to capture a continuation of the bearish momentum observed during the 24-hour period, with an emphasis on volatility expansion and confirmation through volume surges.