Summary
• Price tested key resistance clusters before consolidating near 0.1201–0.1205.
• Volatility expanded significantly following a 5-minute bullish engulfing pattern.
• RSI showed mild overbought conditions, suggesting potential pullback.
• Bollinger Band expansion coincided with volume surges after 16:00 ET.
POL/Tether (POLUSDT) opened at 0.1197 on 2025-12-05 at 12:00 ET, reached a high of 0.1217, touched a low of 0.1177, and closed at 0.1230 at 12:00 ET on 2025-12-06. Total volume was 24,693,688.5 and turnover amounted to approximately 2,952,495.38 USDT.
Structure & Formations
A bullish engulfing pattern emerged at 20:00 ET, following a period of consolidation between 0.119 and 0.120. A series of higher highs from 03:15 ET onward established a new ascending bias. Key support levels at 0.119–0.1195 and resistance at 0.1201–0.1205 became focal points for reversal or continuation.
Moving Averages
On the 5-minute chart, the 20SMA crossed above the 50SMA in the early morning session, forming a bullish crossover. Daily moving averages showed no clear trend yet, though the 50DMA began to catch up to the 100DMA, indicating possible accumulation.
MACD & RSI
MACD turned positive after 05:00 ET and remained above the signal line, reinforcing bullish momentum. RSI reached overbought territory (70+) in the late afternoon, hinting at a potential short-term correction.
Bollinger Bands
Volatility expanded sharply after 16:00 ET, pushing prices outside the upper band on a 5-minute basis. This suggests heightened buying pressure and a potential exhaustion point near 0.1230–0.1235.
Volume & Turnover
Volume spiked after 16:00 ET and remained elevated through the close, confirming the strength of the breakout. Notional turnover aligned with volume surges, with no notable divergence seen between the two metrics.
Fibonacci Retracements
Recent 5-minute swings from 0.1185 to 0.1205 aligned with key Fib levels. Price stalled near the 61.8% retracement at 0.1200 before pushing higher. On the daily chart, the 38.2% retracement at 0.1215 appeared to act as a temporary ceiling.
Looking ahead, POLUSDT appears poised to test the 0.1230–0.1235 range, with a potential pullback to 0.1210–0.1205 in the near term. Traders should remain cautious of a consolidation phase if RSI fails to sustain above 60.
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