Market Overview for HEMI/Turkish Lira (2025-10-28)

• HEMI/Turkish Lira opened at 2.30 and closed at 2.28 after a volatile 24-hour session
• Price action saw a high of 2.38 and a low of 2.26, with moderate consolidation toward the end
• Volume spiked above 500,000 units in the early session but faded toward the close
• RSI remained neutral, with no clear overbought or oversold signals during the period
• Bollinger Bands showed moderate volatility, with the price staying within the 1 SD range

The HEMI/Turkish Lira (HEMITRY) opened at 2.30 on 2025-10-27 at 12:00 ET and closed at 2.28 by 12:00 ET on 2025-10-28. Over the 24-hour period, it reached a high of 2.38 and a low of 2.26. Total volume amounted to 5,001,136.4 units, while turnover (amount) totaled 1,669 Turkish Lira. Price action showed a strong initial bullish thrust but eventually consolidated into a narrower range with fading momentum.

On the 15-minute chart, key resistance emerged around 2.35–2.38, where price struggled to maintain control after an initial breakout. Support levels formed near 2.28–2.30, with price repeatedly testing this range toward the end of the session. A bearish engulfing pattern appeared near 2.36–2.35 in the early evening (ET) and was followed by a gradual retracement. The overall structure suggests short-term indecision but leaves room for further bullish or bearish moves depending on volume participation.

The 20-period and 50-period moving averages on the 15-minute chart intersected during the morning hours, signaling a potential shift in short-term bias. The 50-period line remained slightly above the 20-period line, suggesting lingering bullish momentum. On the 24-hour chart, the 50-period MA crossed below the 100-period line, indicating a possible shift into bearish territory. RSI stayed in the 45–55 range, with no clear divergence. MACD showed a weak bullish crossover during the morning but faded into a flat line by the close, aligning with the price consolidation.

Bollinger Bands widened during the early session, reflecting increased volatility as price moved from 2.30 to 2.38. The upper band reached 2.39 at one point, while the lower band settled near 2.27. By the final hours, the bands contracted slightly, and price remained near the middle band, indicating reduced volatility and a potential period of consolidation. Fibonacci retracement levels for the 2.26–2.38 swing highlighted 2.31 as a key 38.2% level and 2.34 as a 61.8% level—both of which served as temporary resistance points.