Market Overview: Tether/Hryvnia (USDTUAH) – 24-Hour Analysis

• The Tether/Hryvnia pair (USDTUAH) showed a 24-hour range of 42.82 to 42.90, ending slightly lower at 42.85.
• Momentum indicators like RSI and MACD suggested a neutral-to-bullish bias with no overbought/oversold signals.
• Volatility increased with a large volume spike after 03:30 ET, reflecting strong market participation during a key retracement.
• Bollinger Bands expanded during the early hours, showing heightened price uncertainty.
• The Fibonacci retracement levels at 38.2% and 61.8% aligned with key support/resistance levels observed in the 15-minute chart.

Tether/Hryvnia (USDTUAH) opened at 42.84 on 2025-09-04 at 12:00 ET and closed at 42.85 on 2025-09-05 at 12:00 ET, with a high of 42.90 and a low of 42.82. Total volume for the 24-hour period was 97,601.0 Hryvnia, while total turnover amounted to approximately 4,187,375.50 UAH.

The price action on the 15-minute chart revealed a choppy session during the early hours, followed by a sharp intraday reversal post-03:30 ET. A bearish breakdown below the 42.85 level was observed and followed by a retest, which failed to break down again. This suggested a potential short-term support at 42.85. On the 1-hour chart, a bullish engulfing pattern formed near 42.86, hinting at possible bullish follow-through.

The 20-period and 50-period moving averages on the 15-minute chart were close to each other, indicating a consolidation phase. The 20SMA crossed above the 50SMA briefly, forming a potential bullish signal. On the daily chart, the 50SMA and 200SMA were both above the current price, indicating a longer-term bearish bias.

The RSI moved from 55 to 58 over the 24-hour period, staying within neutral territory. MACD showed a positive divergence with the price, suggesting some accumulation activity. Bollinger Bands expanded significantly in the early hours following the large price swing, narrowing again as the session progressed, indicating a return to equilibrium.

The average price traded within the upper and lower bands for most of the day, but a notable expansion was observed when the price broke the 42.90 level. The volume was concentrated during the 03:30–06:30 ET window, where the price moved from 42.89 to 42.75. This high-volume movement coincided with a Fibonacci 61.8% retracement level (42.75), suggesting it acted as a strong support.

The 15-minute chart’s retracement levels showed 38.2% at 42.86 and 61.8% at 42.75, with the price testing the lower level twice. These levels coincided with key support and resistance levels and were confirmed by candlestick behavior and volume spikes.

The backtesting strategy described focuses on identifying consolidation and breakout opportunities using moving average crossovers and Fibonacci retracements. Given the observed 20/50 SMA cross and the Fibonacci retracement behavior, a potential breakout strategy could be viable, especially with confirmation from RSI and MACD. A buy setup would form if the price breaks above the 42.90 level with a bullish engulfing candle and volume expansion, while a sell setup would form if the price breaks below 42.75 with bearish confirmation.