USDTUAH Breaks Down Below 47.0 Amid Bearish Divergence and High-Volume Sell-Off

Summary
• Price tested 47.26–47.29 resistance before breaking down to 46.82.
• High-volume bearish divergence emerged after 05:30 ET.
• RSI and MACD showed weak momentum, suggesting possible short-term oversold conditions.

Tether/Hryvnia (USDTUAH) opened at 47.26 on 2026-02-06 at 12:00 ET, hitting a high of 47.29 and a low of 46.82 before closing at 46.83 at 12:00 ET on 2026-02-07. Total volume traded over 24 hours was 48,812.0 units, with a notional turnover of 2,309,747.19 Hryvnia.

Structure and Candlestick Formations

Price initially consolidated between 47.17–47.29 but failed to retest key resistance after 08:00 ET. A strong bearish engulfing pattern formed near 47.26, followed by a long-legged doji at 05:30 ET, signaling indecision. Price then fell sharply below 47.0 and broke down to 46.82, confirming bearish exhaustion.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart trended lower, reinforcing the downward bias. RSI fell below 30 after 10:30 ET, suggesting potential oversold conditions, while MACD showed negative divergence and weak bearish momentum in the second half of the day.

Volatility and Volume

Volatility expanded sharply as price dropped below 47.0, with Bollinger Bands widening. A high-volume sell-off occurred between 10:15–10:45 ET, coinciding with a breakdown from 47.0 to 46.82. Turnover spiked during the 11:30–12:00 ET session, confirming the bearish move.

Fibonacci Retracements

Price action retraced 61.8% of the 46.82–47.29 move, landing near 47.02 before failing to hold. The 38.2% retracement level at 47.15 briefly held resistance in the morning but was broken decisively later.

Looking ahead, the 46.82 level appears to be a key support area to watch, with potential for a rebound or further downside if buyers fail to step in. Traders should remain cautious as volatility remains elevated and momentum is still bearish.