Summary
• Price broke above 0.1320 with a bullish engulfing pattern near 0.1325.
• RSI reached overbought territory, suggesting potential pullback.
• Volume surged during the late NY session, confirming strength above 0.1310.
• Bollinger Bands expanded, reflecting heightened volatility.
• 20-period MA crossed above 50-period MA, signaling short-term bullish momentum.
Hedera/Tether (HBARUSDT) opened at 0.12624 on 2026-01-05 12:00 ET, reached a high of 0.13496, a low of 0.12479, and closed at 0.1275 as of 2026-01-06 12:00 ET. The 24-hour trading volume totaled 73.8 million units, with a notional turnover of approximately $10.28 million.
Structure & Key Levels
Price showed a strong upward bias, forming a bullish engulfing pattern near 0.1325 and testing resistance at 0.13496. A critical support level appears to have held around 0.1310, as buyers re-entered during a pullback. The 0.1300–0.1310 range may now act as a key consolidation zone should momentum pause.
Trend and Momentum
The 20-period moving average crossed above the 50-period MA on the 5-minute chart, confirming a short-term bullish bias. MACD showed positive divergence during the breakout, suggesting continued upside potential, though RSI nearing overbought conditions could hint at a possible pause or consolidation ahead.
Volatility and Volume
Bollinger Bands expanded significantly as price surged higher, reflecting increased volatility. Volume spiked during the late NY session and into the early Asia hours, especially between 20:00 and 04:00 ET, which aligned with higher highs, confirming strength. However, a divergence in volume during the pullback to 0.1310 suggests caution ahead of the next breakout attempt.
Looking Ahead
The next 24 hours could see a test of the 0.13496 high, with a potential pullback into the 0.1300–0.1310 range likely. Traders may want to watch for a confirmation candle above 0.1345 or a breakdown below 0.1300 as key signals. Investors should remain mindful of the risk of a short-term correction if RSI fails to re-enter neutral territory.
Comments
No comments yet