Market Overview for POL/Tether (POLUSDT) on 2025-11-09

• Price surged to a 24-hour peak of 0.1795 before consolidating near 0.1757.
• Volatility and volume spiked sharply during the overnight sell-off to 0.1735.
• MACD divergence suggests potential bearish exhaustion in short-term momentum.

POL/Tether (POLUSDT) opened at 0.1768 on 2025-11-08 at 12:00 ET, surged to a high of 0.1795, dipped to a low of 0.1718, and closed at 0.1757 by 12:00 ET on 2025-11-09. The 24-hour volume totaled 16,293,146.3, with a notional turnover of $2,906,357. The price action reflects a volatile session marked by sharp corrections and retests of key levels.

Structure & Formations

POLUSDT formed a series of bearish structures during the overnight session, including a deep bearish engulfing pattern at 0.1761 after a short-term rally to 0.1795. This was followed by a bearish continuation with a breakdown to 0.1735 and a 0.1731 low. A 15-minute Doji at 0.1737 near the 0.174 support level suggests a potential near-term bottom. The price has since tested this level twice and is consolidating around 0.1757, hinting at a possible near-term retest of the 0.176–0.177 resistance range.

Moving Averages

On the 15-minute chart, the 20SMA (0.1763) and 50SMA (0.1768) indicate a neutral to bearish bias during the overnight session, while the daily chart shows the 50DMA (0.1776), 100DMA (0.1785), and 200DMA (0.1789) aligned above the current price, suggesting the pair remains below its long-term trend averages. A close above 0.1765 could signal a re-accumulation phase.

MACD & RSI

The 15-minute MACD shows a bearish crossover in the overnight session with a negative histogram, reflecting weakening momentum after the 0.1795 high. RSI has recovered from the 30 oversold level to 46, indicating short-term buyers may re-enter. However, a bearish divergence in the MACD line as price rises suggests further consolidation or a potential pullback is likely.

Bollinger Bands

The price has remained near the lower Bollinger Band for the majority of the 24-hour window, with a recent retest of the midline at 0.1752. Volatility appears to be stabilizing, with the bands narrowing slightly in the morning hours, suggesting a potential breakout or continuation phase could occur if the 0.1765 resistance is tested again.

Volume & Turnover

Volume spiked during the overnight sell-off to 0.1735, with a total of 929,325.7 traded and a notional value of $161,683. This was followed by a quieter but consistent volume flow on the rebound to 0.1757. The price and volume correlation remains positive, with no clear divergence observed, supporting the likelihood of a potential short-term bounce.

Fibonacci Retracements

On the 15-minute chart, the 0.1731 low to 0.1795 high sees key retracement levels at 0.1752 (38.2%) and 0.1767 (61.8%). Price has tested the 38.2% level and is consolidating near the 61.8% level, which may act as resistance or a consolidation zone. On the daily chart, the 0.1731 low to a 0.1805 high (hypothetical) would see key levels at 0.1767 and 0.1783, both currently being tested.

Backtest Hypothesis

The identification of a "Bullish Engulfing" pattern in the POLUSDT pair would be a key signal for a potential long entry in a 48-hour-holding back-test. Given the recent formation of such a pattern (e.g., at 0.1761), a buy signal would have been triggered if confirmed by a close above the engulfing candle’s high. However, the data source indicates that the symbol may not be recognized, likely due to a formatting or listing discrepancy. Once the correct ticker is verified (e.g., exchange-specific format such as “POL/USDT.BINANCE”), the back-test can be executed to determine performance across 2022–2025. This approach aligns with the current technical analysis, as a confirmed bullish signal could coincide with a retest of the 0.176–0.177 resistance zone.