Summary
• Price drifted lower for most of the session, forming bearish engulfing patterns near 0.1170.
• Volatility expanded in early ET hours, with volume spiking during the 14:30–16:45 ET rally.
•
closed near 0.1166, finding initial support around 0.1144–0.1150.
• RSI remains neutral but hints at potential short-term oversold conditions.
• Bollinger Bands constrict in late trading, signaling possible near-term breakouts.
The 24-hour session for Hedera/Tether (HBARUSDT) opened at 0.11708 and traded between 0.11419 and 0.11985 before closing at 0.1166. Total volume reached 38.8 million HBAR, with a notional turnover of $4.48 million.
Structure & Moving Averages
Price action formed a bearish bias through much of the session, with key resistance observed near 0.1172–0.1178 and support at 0.1144–0.1150. The 5-minute 20-period moving average (SMA 20) and 50-period SMA (SMA 50) remained in a downward crossover near 0.1160–0.1165 during late ET hours, reinforcing the bearish tilt. On the daily chart, the 50-day SMA appears to be a critical near-term support target.
Momentum & Volatility
Relative Strength Index (RSI) oscillated between 40 and 60, suggesting moderate momentum but no clear overbought or oversold conditions. A potential oversold condition emerged briefly after the 0.1144–0.1150 consolidation in early ET hours.
Bollinger Bands showed a notable expansion during the 14:30–16:45 ET rally and a tightening into the final hour, suggesting a possible consolidation or breakout phase.
Volume & Turnover
Volume and turnover surged during the 14:30–16:45 ET window, coinciding with a 0.118–0.11985 price rally. This spike confirmed bullish momentum but did not break through key resistance levels. A divergence emerged in early ET hours, where price declined but volume held steady, suggesting potential buyer exhaustion.
Fibonacci Retracements
Applying Fibonacci to the most recent 5-minute swing (0.11419 to 0.11985), the 61.8% retracement level currently sits around 0.1174, which appears to have acted as a resistance zone. On the daily timeframe, the 38.2% retracement of the larger move aligns with the current price and could signal a continuation of the range-bound action.
HBARUSDT appears to be consolidating ahead of a potential breakout from its recent trading range. While volatility and volume suggest the potential for a near-term directional move, the path remains uncertain. A break above 0.1174 could attract further buyers, but a retest of the 0.1144–0.1150 support range could reignite bearish pressure. Investors should remain cautious for divergences or confirmation of the next directional bias in the next 24 hours.
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