Market Overview for POL/Tether (POLUSDT): 2025-10-31

• POLUSDT opened at $0.1854 and closed at $0.1877 within the 24-hour window.
• Price swung between key levels of $0.1790 (low) and $0.1904 (high), indicating strong range-bound volatility.
• Notable bearish momentum occurred mid-day, followed by a recovery push in the final hours of trading.
• Volume spiked during the 19:15–20:15 ET window, coinciding with a sharp price decline.
• Turnover and volume diverged slightly during the final 6 hours, suggesting mixed sentiment and consolidation.

POL/Tether (POLUSDT) opened at $0.1854 on 2025-10-30 12:00 ET and closed at $0.1877 by the same time on 2025-10-31. The 24-hour range spanned $0.1790 to $0.1904, with a total volume of 74,720,350.0 and a notional turnover of $13,310,594.25. The price action suggests a period of testing key resistance and support levels with a consolidation phase developing in the final hours.

Structure & Formations

The 15-minute chart displayed a bearish trend from $0.1854 to as low as $0.1809 during the early afternoon before a moderate rebound into the evening. Key support levels emerged around $0.1809–0.1811, while resistance was tested at $0.1860 and $0.1875. A morning bearish engulfing pattern and a doji at the $0.1823 level hinted at indecision and possible reversals.

Moving Averages

Shorter-term 20-period and 50-period moving averages on the 15-minute chart crossed in the early afternoon, suggesting bearish momentum. However, by the evening, the 20-period MA crossed back above the 50-period MA, indicating a shift in sentiment. On the daily chart, price held above the 50-day and 200-day averages, suggesting medium-term bullish bias remains intact.

MACD & RSI

The MACD line trended downward during the afternoon, confirming bearish momentum, but turned upward in the final hours as buyers re-entered the market. RSI hit oversold territory around $0.1809–0.1811 before rebounding back toward neutral levels. This suggests that the bearish phase may have reached a temporary bottom and a bounce is likely.

Bollinger Bands

During the 19:00–21:00 ET period, price traded near the lower Bollinger band, indicating high volatility and a potential reversal point. The bands later expanded, signaling a period of increased movement and uncertainty as buyers and sellers tested boundaries.

Volume & Turnover

The highest volume spike occurred during the 19:15–20:15 ET window with a total volume of nearly 1.93 million, accompanied by a sharp price drop. However, turnover did not rise proportionally during the final 6 hours, indicating that volume was not confirming price action. This divergence raises the possibility of a short-term correction.

Fibonacci Retracements

Applying the 38.2% and 61.8% Fibonacci levels to the key swing high ($0.1904) and low ($0.1790), we see that price found support at $0.1838 (38.2%) and $0.1854 (61.8%). These levels coincided with key candlestick patterns and trading pauses, suggesting they are important for near-term direction.

Backtest Hypothesis

The absence of MACD data for POLUSDT has prevented a full backtesting strategy from being executed. MACD is a core component for identifying Golden and Death Cross signals, which are critical for algorithmic entry and exit timing. To proceed with the backtest, the correct symbol must be confirmed (e.g., POLSUSDT for Polygon or a different quote currency). Once the symbol is validated, the MACD indicator can be retrieved, and the strategy can be tested using the Golden Cross (bullish) and Death Cross (bearish) signals, along with performance charts and risk metrics.