Market Overview for THENA/Turkish Lira (THETRY) on 2025-12-19

Summary
• THENA/Turkish Lira (THETRY) rose from 7.614 to 8.244 over 24 hours, showing a strong upward bias.
• Key resistance confirmed at 8.08–8.11 and support at 7.94–7.96 based on repeated bounces.
• Volume surged on the rally leg, with 214,684 as the highest turnover candle.
• MACD turned bullish late morning, while RSI reached overbought territory near close.
• Bollinger Bands widened in late hours, signaling increased volatility.

Price and Volume Activity

The THETRY pair opened at 7.614 on 2025-12-18 and surged over the next 24 hours, peaking at 8.248 before closing at 8.244 on 2025-12-19 at 12:00 ET. Total volume amounted to 1,076,476.1 with a notional turnover of approximately 8,699,779.7 Turkish Lira.

Structure and Momentum

The price action featured a clear bullish trend, supported by a strong 5-minute engulfing pattern during the early hours and a bullish breakout above the 8.08–8.11 resistance cluster. A doji formed near 8.248, suggesting momentary indecision. The 20-period and 50-period moving averages on the 5-minute chart both rose in tandem with price, confirming the uptrend.

The MACD crossed into positive territory in the early morning and remained bullish, with a growing histogram indicating increasing momentum. RSI reached 75 near the close, signaling overbought conditions and potentially signaling a short-term pullback.

Volatility and Retracement Levels

Bollinger Bands widened significantly in the afternoon, with price staying near the upper band, reflecting heightened volatility. Fibonacci retracements drawn from the 7.608 to 8.248 swing identified key levels at 7.94 (38.2%), 7.96 (50%), and 7.79 (61.8%). Price bounced from these levels multiple times, with 7.94–7.96 acting as a key support.

Volume and Turnover Dynamics

Volume increased steadily during the bullish phase, peaking at 214,684 during the 12:00–12:15 ET candle, which also recorded the highest turnover. The strong volume confirmed the price breakout, with no significant divergence observed between price and turnover.

Forward-Looking Perspective

With price near overbought territory and a large bullish candle at the top, a near-term consolidation or pullback to test the 7.94–7.96 level could be expected. Investors should monitor the 50-period EMA and the upper Bollinger Band for signs of trend continuation or reversal. Volatility remains high, and sharp corrections are possible ahead of tomorrow’s open.