Market Overview for Plume/Turkish Lira (PLUMETRY) – 24-Hour Analysis

Summary
• PLUMETRY opened at 0.748 and closed at 0.799, forming a strong bullish trend with a 500+ volume confirmation.
• A 0.75–0.761 consolidation level acted as dynamic support, while 0.785–0.791 emerged as new resistance.
• RSI rose above 65, indicating growing momentum, while MACD crossed into positive territory.
• Volatility expanded significantly after 16:30 ET, with a 10.5% increase in average 5-minute range.
• Notional turnover surged 27-fold between 13:30–14:00 ET, confirming the breakout above 0.786.

Plume/Turkish Lira (PLUMETRY) opened at 0.748 on 2025-12-24 at 12:00 ET and closed at 0.799 the following day. The 24-hour high reached 0.806, while the low was 0.746. Total volume amounted to 27.9 million units, and notional turnover was approximately 21.8 million Turkish Lira.

Structure & Key Levels

Price action revealed a strong bullish trend, with the 0.75–0.761 range acting as support and 0.785–0.791 forming new resistance. A key breakout above 0.786 occurred around 14:00 ET, supported by strong volume and a bullish engulfing pattern. The 20-period and 50-period moving averages on the 5-minute chart both crossed above the price by late afternoon, signaling continued momentum.

Momentum and Volatility

The RSI surged above 65 by 13:15 ET and remained elevated through the close, suggesting growing buying pressure. The MACD crossed above the signal line around 13:30 ET and remained positive, confirming bullish momentum. Bollinger Bands expanded significantly after 16:30 ET, reflecting increased volatility as price traded within the upper band for several hours. A 10.5% increase in 5-minute average range marked this expansion.

Volume and Turnover

Volume and turnover surged in key timeframes, with the most notable spike occurring between 13:30–14:00 ET. Notional turnover increased by 27 times compared to earlier in the session, confirming the breakout above 0.786. Volume remained above 100,000 units throughout the final six hours, reinforcing the strength of the move.

Pattern and Fibonacci Retracements

A bullish flag pattern developed from 0.753 to 0.767, followed by a breakout above the upper trendline. Fibonacci retracements from the 0.746–0.806 swing placed key levels at 0.763 (38.2%), 0.775 (50%), and 0.787 (61.8%). The price held above 0.786 and closed near 0.787, aligning with the 61.8% retracement level.

Forward Outlook

PLUMETRY appears to have broken out into a new upward phase, with the 0.786–0.791 range likely to act as a short-term consolidation zone. If bullish momentum holds and volume remains strong, the next target may be the 0.810–0.815 resistance cluster. However, traders should remain cautious of a potential pullback if RSI dips below 55 or volume shows signs of weakening.