Market Overview: USDC/Zloty (USDCPLN) on 2025-12-24

Summary
• Price formed a bullish engulfing pattern near 3.592 after a consolidation phase.
• RSI shows moderate momentum with no overbought or oversold signals.
• Volume spiked at key support levels, suggesting increased buyer activity.
• Price hovered near the upper Bollinger Band during midday, indicating elevated volatility.
• Fibonacci 38.2% level at 3.586 appears to offer temporary resistance during afternoon sell-offs.

Market Overview

At 12:00 ET–1, USDC/Zloty (USDCPLN) opened at 3.591, reached a high of 3.598, and a low of 3.58, closing at 3.584 by 12:00 ET. The total volume over the 24-hour window was 1,062,330, with a notional turnover of 3,686,710 PLN.

Structure & Key Levels

Price action on the 5-minute chart showed a bullish engulfing pattern near 3.592, followed by a pullback to test 3.585 as a short-term support. A doji formed around 3.59 at midnight, suggesting indecision. The 20-period moving average (3.590) provided some directional bias in the morning, while the 50-period (3.589) remained a touch below.

Volumes and Momentum

Volume increased notably during the afternoon and evening hours, particularly between 19:00 and 21:00 ET, when price tested 3.591 and 3.59. Despite the activity, no significant divergence was seen between price and turnover, suggesting the move was broadly supported. The RSI held within the 50–60 range, indicating balanced momentum with no strong overbought or oversold signals.

Volatility and Fibonacci Levels

Bollinger Bands expanded during the afternoon with price briefly touching the upper band, indicating increased volatility. The 3.584 close fell near the 61.8% Fibonacci retracement level of a prior 5-minute rally, suggesting a potential area of accumulation. The 200-period moving average sits at 3.587, acting as a psychological level for possible near-term direction.

The market may test key Fibonacci and moving average levels over the next 24 hours, with 3.585–3.590 likely to be pivotal for direction. Investors should remain cautious of potential pullbacks if volume fails to confirm a breakout.