Summary
• Price declined from 0.1160 to 0.1131 over 24 hours, forming a bearish continuation pattern.
• Momentum weakened on the RSI and MACD, indicating potential bearish exhaustion.
• Volatility expanded during the overnight session with above-average volume and turnover.
• Key support at 0.1130–0.1135 may hold before the next move.
• A bullish reversal could form at 0.1135 if volume confirms strength.
At 12:00 ET on 2025-12-29, Hedera/Tether (HBARUSDT) opened at 0.1160, reached a high of 0.1172, a low of 0.1130, and closed at 0.1132. Total volume was 25,824,649.0 and turnover was 2,988,784.44 over the 24-hour period.
Structure & Formations
Price action showed a clear bearish bias, with a strong downward leg forming overnight, especially between 12:00 and 04:00 ET, as prices dipped below 0.1150. A potential bullish engulfing pattern could form at 0.1135 if buying resumes with confirmation in volume. Key support levels at 0.1130–0.1135 and 0.1125–0.1130 are now in focus, with the 0.1135 level acting as a short-term pivot.
Moving Averages
The 20- and 50-period moving averages on the 5-minute chart crossed bearishly, reinforcing the short-term downtrend. The daily 50, 100, and 200-period MAs remain in a bearish alignment, with the price trading below all, indicating ongoing bearish control.
MACD & RSIa candlestick chart showing a sharp decline in with RSI dipping into oversold territory, and MACD lines trending downward with a slightly narrowing histogram indicating slowing bearish momentum
The RSI dropped to 28 in the late morning hours, suggesting oversold conditions, but a rebound has yet to confirm a reversal. MACD remained negative throughout the session with bearish momentum, though a narrowing histogram late in the day could indicate a slowdown in selling pressure.
Bollinger Bands
Bollinger Bands expanded overnight during the aggressive sell-off, with price reaching the lower band multiple times, especially around 0.1132. The bands have since narrowed slightly, suggesting a potential consolidation phase may follow.
Volume & Turnover
Volume spiked during the overnight session, particularly around 02:15 and 03:00 ET, coinciding with the drop to 0.1130. Turnover reached a 24-hour high of ~273k USD during this period. Divergence between price and volume is not currently evident, but volume remains uneven through the final hours.
Fibonacci Retracements
On the 5-minute chart, the 61.8% Fib level at 0.1135 has held as a key pivot. Daily-level retracement levels show 0.1145 as a potential near-term resistance if buyers re-enter the market.
Looking ahead, HBARUSDT may consolidate near 0.1130–0.1135 before testing whether buyers can reclaim key Fib and moving average levels. Traders should remain cautious, as bearish momentum remains strong and a break below 0.1125 could trigger further downward movement.
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