Market Overview: POL/Tether (POLUSDT) on 2025-12-22

Summary
• Price surged 6.6% in 24 hours, forming a bullish continuation pattern near 0.1075.
• High volume at 0.1089 suggests new buyers entered during the afternoon ET rally.
• RSI hit 62 at close, indicating moderate momentum without overbought levels.
• Bollinger Bands widened after 05:00 ET as volatility increased during the rally.
• 61.8% Fibonacci level at 0.1073 acted as dynamic support earlier, now potential resistance.

The 24-hour period for POL/Tether (POLUSDT) began at 0.1071 and closed at 0.1089 with a high of 0.1104 and a low of 0.1059. Total volume reached 11.33 million POL, with notional turnover of $1.21 million.

Structure and Key Levels

Price formed a strong bullish continuation pattern from 19:00 to 05:00 ET, characterized by a series of higher highs and a breakout above 0.1084. A notable 5-minute bullish engulfing pattern emerged at 08:30 ET. Key support levels include 0.1073 and 0.1069, while resistance is near 0.1087 and 0.1094.

Volatility and Momentum

Bollinger Bands expanded after 05:00 ET as price surged to 0.1104, suggesting heightened volatility and strong follow-through buying. RSI reached 62 at the 24-hour close, indicating moderate upward momentum but not overbought conditions. MACD crossed above the signal line in the morning, signaling a bullish crossover that aligned with rising prices.

Volume and Turnover

Volume surged to over 1.4 million POL at 08:30 ET and again at 14:45 ET as price advanced toward 0.1094. Turnover mirrored the price action, showing strong correlation. A divergence in volume was noted around 02:15 ET when price declined but volume remained moderate, hinting at potential consolidation.

Fibonacci and Moving Averages

The 61.8% Fibonacci retracement level at 0.1073 held as support in the early morning before acting as resistance by midday. A 20-period 5-minute EMA crossed above the 50-period EMA, reinforcing the bullish bias. The 50-period daily MA sits at 0.1077, now acting as a reference for near-term support.

Price appears to have broken through a key resistance cluster near 0.1087 and could test 0.1101 in the next 24 hours. However, a pullback toward 0.1073–0.1075 should be closely watched for confirmation of sustainability.