Market Overview for Hedera/Tether (HBARUSDT) – 24-Hour Summary (2025-09-23)

• Hedera/Tether (HBARUSDT) closed lower at 0.22219, down from an open of 0.21999, amid a 24-hour range between 0.21686 and 0.22523.
• A key intraday high at 0.22523 failed to hold, with bearish momentum emerging after 0.2230.
• Volume surged above 4M at 0.2222–0.2252, but failed to confirm a breakout, suggesting bearish divergence.
• RSI hit overbought levels above 70 before declining to neutral territory, hinting at profit-taking.
• Bollinger Bands show recent expansion with prices hovering near the upper band, indicating elevated volatility.

Hedera/Tether (HBARUSDT) opened at 0.21999 on 2025-09-22 12:00 ET and reached a high of 0.22523 before closing at 0.22219 on 2025-09-23 12:00 ET. The 24-hour range was 0.21686 to 0.22523. Total volume amounted to ~41.7M, while turnover stood at approximately $9.3M, indicating moderate activity with periods of high volatility and bearish pressure.

Structure & Formations

Price formed a bearish continuation pattern after a failed breakout above 0.2230, with a large bearish candle on 2025-09-23 09:30–09:45 ET (closing at 0.22303) confirming bearish sentiment. A key resistance level appears to be forming around 0.2252, while a critical support is consolidating around 0.2213–0.2218. A doji pattern at 0.2221–0.2222 (09:45–10:00 ET) may indicate indecision and potential for a short-term bounce or continuation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs show a bearish crossover, with price trending below both indicators since 0.2250. This reinforces short-term bearish momentum. On a daily basis, price remains above the 200-SMA, suggesting longer-term bullish structure is intact, but bears appear to have control in the near term.

MACD & RSI

MACD showed a bearish crossover with a negative histogram expanding after 0.2230. RSI spiked to overbought levels (72–75) but quickly pulled back to 55–58, indicating short-term profit-taking and potential exhaustion of the rally. Momentum appears to be shifting toward the bears, though a retest of the 0.2215–0.2218 support range could offer a near-term bounce.

Bollinger Bands

Bollinger Bands have widened significantly in the past 6–8 hours, indicating increased volatility. Price has oscillated between the upper and lower bands without a clear breakout. At the time of analysis, price is near the upper band (0.2236–0.2240), suggesting a potential short-term top if momentum fails to hold.

Volume & Turnover

Volume and turnover spiked notably between 0.2222–0.2252, particularly during the 09:30–10:00 ET session, with turnover reaching ~$1.8M. However, this failed to confirm a breakout above 0.22523, suggesting bearish divergence. Conversely, volume during the 0.2213–0.2221 range is moderate, indicating a lack of significant selling pressure at current levels.

Fibonacci Retracements

Fibonacci levels drawn from the recent swing low (0.22136) to the swing high (0.22523) show that price is currently testing the 61.8% retracement at 0.2228–0.2230. A break below the 50% level at 0.2233 could trigger further bearish movement toward 0.2213–0.2215. The 38.2% level at 0.2244 acts as a short-term resistance.

Backtest Hypothesis

A potential backtesting strategy could involve a short entry on a confirmed bearish crossover of the 20-period and 50-period SMAs on the 15-minute chart, combined with RSI above 70 and price near the upper Bollinger Band. A stop-loss could be placed above the 61.8% Fibonacci level (0.2230), with a take-profit at the 0.2215 support zone. This setup would align with current bearish momentum and overbought conditions.