Market Overview: POL/Tether (POLUSDT) on 2026-01-17

Summary
• Price formed a bullish engulfing pattern near 0.1405, followed by a measured move up to 0.1463.
• RSI shows a divergence after reaching 66, suggesting potential near-term pullback.
• Volume surged at key resistance levels, confirming strength in the 0.1460–0.1465 range.
• Bollinger Bands tightened around 0.1450–0.1460, indicating possible breakout in next 24 hours.
• 50-period SMA on 5-min chart crossed above price, reinforcing short-term bullish bias.

POL/Tether (POLUSDT) opened at 0.1404 on 2026-01-16 12:00 ET, reached a high of 0.1489, traded as low as 0.1393, and closed at 0.1471 on 2026-01-17 12:00 ET. Total 24-hour volume was 42,983,551.3, while notional turnover was $6,431,463.01.

Structure & Formations

A bullish engulfing pattern emerged around 0.1405, signaling a shift in momentum. Price then advanced to a measured move target near 0.1463. The 0.1460–0.1465 range acted as a consolidation zone, with a bearish pinocchio candle at 0.1484 hinting at distribution.

Moving Averages and Momentum

The 50-period SMA on the 5-minute chart crossed above price, suggesting short-term bullish bias. On the daily chart, the 50- and 200-period SMAs are converging around 0.1440, potentially setting up a crossover event. RSI reached 66, showing overbought conditions and a minor divergence, which could precede a pullback.

Volatility and Volume

Bollinger Bands tightened between 0.1450–0.1460, suggesting low volatility and a potential breakout. Volume surged at key resistance levels, particularly around 0.1460 and 0.1484, confirming strength in those areas. Notional turnover spiked during the 10:30 ET–10:45 ET period as price tested 0.1485.

Forward-Looking Observations

Price may test the 0.1490–0.1495 range in the next 24 hours, with potential for a pullback toward 0.1460 if RSI fails to confirm higher highs. Investors should monitor the 50-day SMA for a potential bullish crossover. As always, volatility remains high, and sudden reversals could occur without warning.