Market Overview for 1000*Simon's Cat/Turkish Lira (1000CATTRY)

Summary
• 1000CATTRY opened at 0.194 and closed at 0.196 after a choppy 24-hour range between 0.192 and 0.203.
• Price tested key resistance levels near 0.201 and 0.203, with mixed follow-through.
• Volume surged near 0.201–0.203 before retreating, suggesting indecision.

24-Hour Summary and Opening Context

1000*Simon's Cat/Turkish Lira (1000CATTRY) opened at 0.194 on 2025-11-07 at 12:00 ET and closed at 0.196 on 2025-11-08 at 12:00 ET. The pair traded between 0.192 and 0.203 over the 24-hour period, with a final closing price of 0.196. Total volume amounted to 26,441,196.45, and total turnover was 5,144.15 (in TRY). The price has shown a mixed but slightly bullish bias amid moderate volatility.

Structure and Candlestick Formations

Price tested key resistance levels around 0.201–0.203 on multiple occasions, particularly in the 15-minute candles from 2025-11-07 18:45 to 2025-11-08 03:30. These levels saw multiple bullish and bearish wicks, indicating indecision. A notable bearish engulfing pattern occurred around 0.201–0.203 on 2025-11-08 03:45, suggesting possible near-term bearish pressure. Doji patterns were also seen near 0.201 and 0.199, reinforcing uncertainty in the market.

Moving Averages and Volatility

On the 15-minute chart, the 20-EMA crossed above the 50-EMA multiple times in the morning of 2025-11-08, indicating bullish momentum but with limited follow-through. The 20-EMA has held just above 0.197, while the 50-EMA remains near 0.195–0.196. On the daily chart, the 50- and 100-day EMA are closely aligned near 0.194–0.196, suggesting a neutral to slightly bullish bias over the longer term.

Bollinger Bands showed a moderate expansion after 0.201 on 2025-11-08 03:45, with price frequently testing the upper band before retreating. This indicates a period of higher volatility and potential overextension.

MACD and RSI

The 15-minute MACD has been in a neutral to slightly bearish range, with the line recently crossing below the signal line after a brief positive divergence. RSI remains in the mid-50s to low-60s, indicating moderate bullish momentum but not overbought conditions. A recent overbought spike occurred around 0.203 on 2025-11-08 03:30, with RSI reaching ~65 but failing to sustain the move.

Volume and Turnover Analysis

Volume was highest during the 15-minute candles around 0.201–0.203 on 2025-11-08 03:00–04:00, with a total of ~575,000 trades contributing to a 24-hour high of 0.203. This suggests accumulation or distribution around key levels. However, price failed to hold above 0.201 after several attempts, indicating a lack of conviction. Turnover remained in line with volume levels, showing no significant divergence.

Fibonacci Retracements

Applying Fibonacci retracement to the most recent 15-minute swing from 0.201 to 0.199 shows 38.2% and 61.8% levels at 0.200 and 0.199, respectively. Price has bounced off the 61.8% level several times, indicating potential support. On the daily chart, retracement levels from a recent swing between 0.192 and 0.203 place key support at 0.197 and 0.193, both of which have been tested in the last 24 hours.

Backtest Hypothesis

The data presented above could be used to test a simple overbought RSI strategy, where an entry is triggered when RSI crosses above 70, and an exit is executed at the next defined support level. Given the recent overbought spikes and failed breakouts around 0.201–0.203, a backtest using this approach could provide insight into its effectiveness in capturing short-term momentum. However, the choppy nature of the price action and frequent doji and engulfing patterns suggest that additional filters (e.g., volume confirmation, price action rules) may be necessary to avoid false signals.