Summary
•
formed a bearish engulfing pattern near $0.1233–0.1243.
• Price breached key support at $0.1224–0.1226, confirming downward momentum.
• RSI signaled oversold conditions below 30, but volume failed to confirm.
• Volatility expanded with a 4.1% range (0.1243–0.1188), showing increased uncertainty.
• 50-period SMA on 5-min chart crossed bearish into lower support levels.
Hedera/Tether (HBARUSDT) opened at $0.1231 on 2026-01-07 12:00 ET and closed at $0.1192 as of 2026-01-08 12:00 ET. The 24-hour range was $0.1243 (high) to $0.1188 (low). Total volume traded was 158,353,379.0 and notional turnover reached $19,783,089.25.
Structure & Key Levels
Price action showed a strong bearish bias with a break below the $0.1224–0.1226 support zone. A bearish engulfing pattern formed between 0.1233 and 0.1243, suggesting potential for further downside. Key resistance lies at 0.1233 (50-period SMA on 5-min chart), while critical support is now at 0.1192–0.1193.
Momentum & Indicators
MACD turned negative and remained bearish, with the signal line crossing below the histogram. RSI hit 28–30 at the end of the 24-hour window, indicating oversold conditions. However, volume failed to surge during the final dip, raising concerns about weak conviction in the move.
Volatility & Bollinger Bands
Bollinger Bands expanded to a 4.1% range during the 24-hour period, showing elevated volatility. Price tested the lower band at $0.1188, but failed to close below it, hinting at possible short-term stabilization.
Volume & Turnover Analysis
Turnover spiked between 0.1223 and 0.1211 during the early morning hours, suggesting increased bearish activity. However, the divergence between price and volume during the final leg lower (0.1223 to 0.1192) indicates weakening hands.
Fibonacci Retracements
A 38.2% retracement level at $0.1205 and a 61.8% level at $0.1193 offer potential reversal points in the near term. Price closed near the 61.8% level, which could act as a short-term floor if bears retreat.
HBARUSDT appears poised to
the $0.1190 psychological level over the next 24 hours, with a possible rebound toward 0.1205 expected if bears exhaust. Investors should remain cautious due to the lack of confirming volume in the final leg down and the risk of a short-term rebound.
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