Market Overview for Ondo/Turkish Lira (ONDOTRY): October 25, 2025

• Ondo/Turkish Lira (ONDOTRY) closed lower at 30.58 after hitting a 24-hour high of 31.26, showing bearish pressure.
• Volume spiked near 31.25 but failed to sustain momentum, signaling potential exhaustion.
• A long bearish candle formed at 02:00–02:15 ET, indicating aggressive selling pressure.
• Price is now consolidating near key support levels at 30.5–30.6, with a 38.2% Fib retracement at 30.68.
• Volatility remains elevated with a 24-hour range of ~0.71 TRY, suggesting a possible breakout ahead.

Ondo/Turkish Lira (ONDOTRY) opened at 31.14 on October 24 at 12:00 ET, reached a high of 31.26, and closed at 30.58 at 12:00 ET on October 25. The 24-hour range was 30.5–31.26. Total volume was approximately 92,916.95 units, with notional turnover reaching ~2.89 million TRY.

The 24-hour chart shows a strong bullish push into the evening hours, followed by a sharp reversal and bearish consolidation overnight. Key support levels appear at 30.6 and 30.5, where the price found temporary stability. The structure suggests a potential test of these levels over the next 24 hours, with the possibility of either a bounce or a deeper correction depending on volume and order flow.

Bollinger Bands widened during the bullish phase, indicating rising volatility, but have since contracted, pointing to potential consolidation or a resumption of directional movement. RSI appears to be in oversold territory at 27 as of the latest close, suggesting the price may rebound from current levels. However, the divergence between bullish price action and bearish momentum indicators suggests caution.

Moving averages on the 15-minute chart show the 20-period MA below the 50-period MA, indicating short-term bearish bias. The 50-period MA is now acting as a resistance at ~30.75, while the 200-period MA on the daily chart is still above 31.00, suggesting the broader trend may be bearish. A key watch is the 50/200 MA crossover as a signal for trend change.

The Fibonacci retracement levels from the most recent swing high at 31.26 to the low at 30.5 are critical to monitor. The 38.2% retracement at 30.68 and the 50% level at ~30.88 are both in play. A breakout above 30.88 could rekindle bullish momentum, while a close below 30.68 may trigger a deeper test of support at 30.5. Volume patterns confirm that the recent sell-off was driven by larger participants, particularly from 02:00–03:15 ET, with large-sized orders contributing to the drop.

Backtest Hypothesis
To develop a robust backtesting strategy for ONDOTRY, we need accurate price data, particularly the daily closing prices. Since the current data provider could not retrieve the RSI for the 14-period series, it appears the ticker symbol may be incorrect or unsupported. A potential solution is to confirm the correct ticker symbol or use an alternative data source or manually provided price data. Once the data is available, a 14-period RSI can be calculated to identify overbought (>70) and oversold (<30) conditions, which could be used in combination with moving averages for trade signals. For example, a long entry could be triggered when the 50-period MA crosses above the 200-period MA and RSI is above 50, while a short entry could be signaled when the RSI drops below 30 and the 50-period MA crosses below the 200-period MA.