Market Overview for 1000*Simon's Cat/Turkish Lira (1000CATTRY): 24-Hour Analysis

• Price action shows a bearish reversal from 0.214 to 0.204 in early session before recovery.
• Volume spiked at 0.211 and 0.206, but failed to confirm bullish breakout.
• RSI and MACD data unavailable; volatility appears compressed during consolidation.
• Bollinger Bands narrow mid-day, suggesting potential breakouts ahead.
• Daily structure shows 0.21 as key support, 0.214 as near-term resistance.

1000*Simon's Cat/Turkish Lira (1000CATTRY) opened at 0.211 on 2025-10-30 at 12:00 ET and traded between 0.214 (high) and 0.204 (low) before closing at 0.211 at 12:00 ET on 2025-10-31. The total volume for the 24-hour window was approximately 12.8 million, with a notional turnover of around TRY 2.6 million.

The price action displayed a distinct bearish breakdown from the 0.214 level in the early evening hours, which marked the lowest point of the session. A subsequent bullish attempt followed, with price testing the 0.211 level multiple times. Despite increased volume at this level, the price failed to break convincingly above it. Key support is evident near 0.21, with the 0.211 level acting as a pivot point. Resistance is likely to remain in the 0.214–0.212 range, which saw a notable rejection in the early hours of the session.

Bollinger Bands showed a period of contraction around 19:45 ET, suggesting a potential breakout could be near. However, the price remained within the 0.206–0.208 range for several hours, indicating a period of consolidation. This consolidation may be followed by a directional move, either to retest key resistance or to find new support below 0.206.

Fibonacci retracements for the most recent 15-minute swing show that price retested the 61.8% level at 0.206 before moving back toward 0.208. This suggests the 0.206 level could act as a strong support area in the next few hours if bearish momentum resumes. The 38.2% level at 0.207 appears to have served as a temporary floor in the 19:00–20:00 ET timeframe.

The 20-period and 50-period moving averages on the 15-minute chart indicate a mixed sentiment, with the 20-period line above the 50-period during the late evening, suggesting short-term bullish bias. However, this did not translate into a strong upward move, implying the market may be indecisive. The daily chart remains neutral, with no clear divergence between volume and price, but a lack of volume spikes may indicate limited conviction in current directional moves.

Backtest Hypothesis

The MACD golden-cross strategy—where the MACD line crosses above the signal line—has historically signaled potential bullish momentum in many crypto assets. However, due to data unavailability, we could not calculate the MACD series for 1000CATTRY. Once the data is accessible, this strategy could be backtested to determine its effectiveness for 1000CATTRY or an alternative pair like BTC/TRY or USD/TRY. Running this event back-test since 2022 would provide insights into the profitability of the strategy in varying market conditions.