Market Overview for Hedera/Tether (HBARUSDT)

Summary
• Price formed bearish engulfing patterns around $0.1192 and $0.1200.
• Strong distribution occurred near $0.1200 with volume exceeding 3.3 million.
• Volatility expanded as price dropped from $0.1208 to $0.1160, breaching key support levels.
• RSI and MACD showed bearish divergence during late ET selling.
• Fibonacci 61.8% level at $0.1170 appeared to contain further declines.

Hedera/Tether (HBARUSDT) opened at $0.12017 on 12:00 ET − 1, reached a high of $0.12081, and a low of $0.11361, closing at $0.11328 on 12:00 ET. Total volume was 43,656,692 HBAR, with a notional turnover of $4.73 million over the 24-hour window.

Structure and Key Levels

The pair formed a bearish engulfing pattern near the $0.1200 level at 01:45 ET and again near $0.1192 at 02:30 ET, signaling strong distribution. A key support level emerged at the 61.8% Fibonacci retracement of $0.1170, holding during a sharp decline in the late ET hours.

The price then broke below this level after a large-volume bearish move at 15:00 ET, reaching as low as $0.11361.

Volatility and Bollinger Bands

Volatility expanded sharply from midday onward, with the price falling outside the lower Bollinger Band and remaining compressed within a narrow range only briefly in the early morning. The 20-period Bollinger Bands showed a significant expansion after the break below $0.1160, reinforcing the bearish momentum.

Momentum and Indicators

RSI moved into oversold territory below 30 during the late ET sell-off but failed to generate a strong reversal signal. MACD turned bearish as the line crossed below the signal line during the afternoon session, confirming the downward trend. Divergence between price and momentum indicators suggested a potential pause or consolidation ahead.

Volume and Turnover

Volume surged over 3.3 million at 15:00 ET during the sharp selloff, confirming the bearish break. However, turnover failed to follow suit during the morning rebound, suggesting weak conviction in the buyers. The highest turnover occurred during the midday and late ET hours, aligning with the most significant price movements.

Outlook and Risk

Looking ahead, the next key support appears at $0.1120, with a potential bounce expected if buyers step in. A retest of the $0.1170 Fibonacci level could trigger a countertrend move, but a breakdown below $0.1120 would signal a deeper bearish phase. Investors should watch for volume confirmation on any recovery to gauge conviction in the near term.