Market Overview for Tether/Hryvnia (USDTUAH) – 24-Hour Technical Summary

• Tether/Hryvnia (USDTUAH) traded in a tight 15-minute range before surging in late ET hours.
• Price broke above a key 42.80 resistance level with confirmation of bullish momentum.
• Volume spiked in the last 6 hours, supporting the strength of the breakout.
• RSI crossed into overbought territory, suggesting potential for a consolidation phase.
• Bollinger Bands show a recent expansion, aligning with the increase in price volatility.

Tether/Hryvnia (USDTUAH) opened at 42.80 at 12:00 ET-1, reached a high of 42.85, and closed at 42.84 as of 12:00 ET. The pair traded between 42.71 and 42.85 over the last 24 hours, with a total volume of 65,632.0 and a turnover of approximately 2,847,930 Hryvnia (assuming average price).

The market structure shows a well-defined consolidation zone between 42.75 and 42.80 before a late-session breakout. A series of bullish engulfing patterns emerged in the final 3 hours, confirming buyer dominance. Notable support levels include 42.75 and 42.73, while resistance is now at 42.85 and potentially 42.90 if momentum sustains.

Moving Averages

On the 15-minute chart, the 20SMA is closely tracking price action with a slight bullish bias, crossing above the 50SMA to form a golden cross. This reinforces the recent uptrend. On the daily chart, the 50DMA is approaching the 100DMA from below, suggesting potential trend acceleration. The 200DMA remains below, indicating the pair is still in a long-term bullish phase.

Momentum and Volatility

MACD turned positive with a widening histogram, showing increasing bullish momentum in the final hours. RSI reached 68 and may test the 70 overbought threshold, implying a possible short-term pullback. Bollinger Bands expanded in the last 4 hours, reflecting heightened volatility. Price remains near the upper band, suggesting a continuation of the bullish trend could follow, or a retracement to the mid-band may occur.

Volume and Turnover

Volume increased substantially from 03:00 to 18:00 ET, especially in the 42.75–42.85 range, confirming the breakout. Notional turnover spiked alongside price moves, particularly between 11:00 and 14:00 ET. There is no divergence between price and volume, reinforcing the strength of the move.

Fibonacci Retracements

Applying Fibonacci to the 42.71–42.85 swing, key retracement levels include 38.2% at 42.78 and 61.8% at 42.79. These levels acted as temporary consolidation points before the final surge. For the broader daily move, the 50% retracement level at 42.76 appears to be a critical support.

Backtest Hypothesis

A potential backtest could evaluate a strategy based on bullish engulfing patterns forming above a 20SMA crossover, coupled with RSI above 50. Entry would be on confirmation of the pattern, with a stop-loss placed below the recent support at 42.75. A take-profit target could be set at the 38.2% or 61.8% Fibonacci level above the breakout. This setup aligns with today’s technical flow and could be historically tested for consistency in similar volatility and volume conditions.