Market Overview for 1000*Simon's Cat/Turkish Lira (1000CATTRY) — 2025-11-05

• Price action showed a bearish reversal after reaching a high of 0.178 and collapsing to a low of 0.163.
• Momentum indicators like RSI and MACD indicated overbought and oversold conditions during the session.
• Volume surged during the downward leg, suggesting increased selling pressure.

The 2025-11-05 24-hour session for 1000*Simon's Cat/Turkish Lira (1000CATTRY) opened at 0.178 and hit a high of 0.178 before plummeting to a low of 0.163. The session closed at 0.174. Total volume amounted to 59,259,358.7 TRY, and notional turnover totaled approximately 9,689,804.3 TRY, indicating moderate activity despite the large price range.

Structure & Formations

The session exhibited a bearish breakdown from a key resistance at 0.178, with a deep pullback into 0.163. A notable bearish engulfing pattern formed at the session low, suggesting a strong shift in sentiment. A doji at the top of the range near 0.174 hinted at indecision, but it was followed by a sharp sell-off.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages moved lower in tandem with the price, indicating a strong bearish bias. On the daily chart, the 200-period moving average remains above current levels, suggesting the pair may face further bearish pressure.

MACD & RSI

The MACD line crossed below the signal line mid-session, confirming bearish momentum. RSI plunged into oversold territory (below 30), indicating the price could consolidate or test the 0.168–0.170 zone in the next 24 hours. However, a potential rebound into overbought territory may be limited without increased buying volume.

Bollinger Bands & Fibonacci Retracements

The price collapsed through the lower Bollinger Band, expanding the band width and signaling heightened volatility. Fibonacci retracements drawn from the 0.178 high and 0.163 low indicate potential support at the 61.8% level (0.169) and 38.2% at 0.172. A bounce from these levels could test the 0.174–0.176 range.

Volume & Turnover

Volume spiked significantly during the breakdown to 0.168, with over 1.5 million TRY traded in that 15-minute candle. This volume confirmed the bearish move. Notional turnover also increased in the same period, supporting the move lower. Price and volume moved in tandem, reinforcing the validity of the breakdown.

Backtest Hypothesis

The described RSI-oversold, 24-hour-hold backtesting strategy appears well aligned with the observed behavior of 1000CATTRY on 2025-11-05. During the session, RSI reached levels below 30 at 0.168, suggesting potential entry points for a short-term reversal or breakout. A 24-hour hold from that point could have yielded a modest return as the price retraced toward 0.172–0.174. To evaluate this strategy fully, real-time RSI data and trade signals would need to be generated from a confirmed data source or an alternative valid ticker. Once available, the backtest could measure the strategy’s effectiveness across multiple such setups.