Market Overview: Plume/Turkish Lira (PLUMETRY) — 2025-10-25

• PLUMETRY rose from $2.96 to $3.097, closing near intraday high.
• Volume surged to 45,100 at 01:30 ET as price hit $3.056.
• RSI and MACD suggest strong upward momentum with no immediate overbought warning.
• Bollinger Band contraction followed by expansion suggests volatility increase.
• Divergence in volume and price not observed, reinforcing bullish sentiment.

Opening and Closing Summary

At 12:00 ET − 1 on 2025-10-24, PLUMETRY opened at $2.96. Over the next 24 hours, it reached a high of $3.097 and a low of $2.959 before closing at $3.069 at 12:00 ET. Total volume for the period was 838,091 units, with notional turnover amounting to $2,545,445. The price action reflects a clear bullish bias, with strong late-night buying interest pushing the pair to a 24-hour peak.

Structure & Formations

The 15-minute chart shows several bullish patterns, including a Bullish Engulfing at 19:15 ET (2.986 → 3.024) and a Hammer at 21:45 ET (3.053 → 3.068). Support levels can be identified at $2.96 (tested twice), $2.959 (low of session), and $2.95. Resistance is forming at $3.031 (major close), $3.064 (swing high), and $3.097 (24-hour high). A key bearish Doji formed at 03:15 ET (3.098 → 3.074), indicating some short-term indecision before the final rally.

Moving Averages

On the 15-minute chart, the price has been above both the 20-EMA and 50-EMA for most of the session, suggesting upward bias. The 50-EMA is currently at $3.012, and the 20-EMA is at $3.028, confirming the trend. On the daily chart, the price remains above the 50, 100, and 200 SMA, indicating a multi-day uptrend remains intact.

MACD & RSI

The MACD crossed above the signal line around 19:15 ET and has remained positive, reflecting strong momentum. The histogram has widened, particularly between 21:00 and 01:30 ET, aligning with the price surge. The RSI reached $62 by 01:30 ET, indicating moderate bullish strength without overbought conditions. A minor overbought warning may occur if RSI rises above 68 in the next 24 hours.

Bollinger Bands

Volatility increased after 21:00 ET as the Bollinger Bands expanded from a narrow range of 0.009 to 0.025. The price closed near the upper band, suggesting bullish continuation pressure. A retest of the lower band near $2.96 is likely before any consolidation phase.

Volume & Turnover

Turnover spiked to $113,326 at 01:30 ET as volume surged to 45,100, indicating strong accumulation. The late-night volume spike coincided with a breakout above $3.053 and was followed by a 2.4% price increase. No significant divergence was observed between volume and price, suggesting the rally has institutional credibility.

Fibonacci Retracements

Applying Fibonacci to the key swing from $2.959 to $3.097, the 38.2% retracement level is at $3.027, and the 61.8% level is at $3.056 — both aligning with observed price behavior. A break above $3.097 would target the next Fibonacci extension at $3.120.

Backtest Hypothesis

For a potential backtest strategy, the Bullish-Engulfing pattern has historically served as a reliable reversal signal in PLUMETRY. For example, a pattern that occurred on October 24 at 19:15 ET (open $2.986, close $3.024) resulted in a 2.4% gain over the next 6 hours. A backtest using all confirmed Bullish-Engulfing patterns since January 1, 2022, could validate whether this pattern correlates with consistent 24-hour returns, particularly when volume spikes and RSI remains in bullish territory.