Market Overview for Tether/Zloty (USDTPLN) on 2025-09-10

• Tether/Zloty (USDTPLN) rose 1.04% over 24 hours, closing near the session high at 3.627.
• Momentum strengthened in the last 4 hours, with a bullish breakout above 3.625.
• Volatility expanded, with a 3.623–3.637 range in the last 6 hours.
• On-balance volume surged post-07:00 ET, confirming the upward move.
• No major bearish divergences in RSI, though overbought conditions near 70 may caution near-term pullback risk.

Tether/Zloty (USDTPLN) opened at 3.623 on 2025-09-09 at 12:00 ET and closed at 3.627 at 12:00 ET on 2025-09-10. The pair reached a high of 3.64 and a low of 3.614, with a total traded volume of 123,123.0 PLN and an estimated turnover of 443,439.0 USDT. The 24-hour period saw a bullish bias in the final 6 hours, marked by strong buying pressure and tight consolidation before the breakout.

Structure & Formations

Price action showed a key support level at 3.623, which was tested twice and held during early liquidation pressures. A bullish engulfing pattern formed at 3.623–3.627 just before the 07:00 ET mark, signaling a potential reversal. A bearish doji appeared at 3.636–3.637, hinting at short-term profit-taking. Resistance is likely to come in at 3.64 and 3.645, where a few large-volume candles saw price consolidate briefly.

Moving Averages

The 15-minute 20-period SMA moved up to 3.624–3.626, with the 50-period line lagging but catching up. The 50-period daily SMA was at 3.622, while the 100 and 200-day SMAs sat below at 3.619 and 3.617, respectively. Price closed above the 20-period MA, indicating short-term bullish momentum.

MACD & RSI

The MACD histogram expanded positively after 07:00 ET, with the line crossing above the signal line, reinforcing the bullish breakout. RSI reached 70 during the last 3 hours, suggesting overbought conditions, but has not yet triggered a correction. This indicates strong accumulation pressure without immediate bearish signs.

Bollinger Bands

Bollinger Bands expanded after 06:00 ET as volatility increased, with price staying above the mid-band and touching the upper band at 3.639–3.64. The contraction in the earlier part of the day may have signaled a consolidation phase that led to the breakout. Price appears to be in a channeling pattern between 3.623 and 3.637.

Volume & Turnover

Volume spiked sharply after 07:00 ET, with a large 14207.0 PLN candle at 3.630–3.63. Turnover increased in sync with price, showing no bearish divergences. However, volume dipped during the bearish doji formation at 3.636–3.637, indicating a pause in accumulation.

Fibonacci Retracements

A Fibonacci retracement from the 3.614 low to the 3.64 high shows key levels at 3.625 (38.2%), 3.631 (50%), and 3.636 (61.8%). The 38.2% level acted as support before the breakout, and the 61.8% level saw price consolidate briefly. A break above 3.637 could target 3.645, while a retest of 3.625 remains critical for bullish continuation.

Backtest Hypothesis

A potential backtest strategy could involve a long entry on a bullish engulfing pattern occurring near key support levels, with a stop-loss placed below the engulfing pattern's low. A target could be set at the 61.8% Fibonacci level following the breakout. Given the recent 15-minute consolidation and the MACD crossover, this strategy may perform well in a trending market but could face risk if volatility subsides and price consolidates within the Bollinger Bands.