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Summary
• Price declined intraday from $0.1092 to $0.1065 before reversing sharply in late trading.
• RSI shows oversold conditions near 28, suggesting potential for near-term rebound.
• Bollinger Bands widen in late session, indicating increased volatility.
• Volume remains steady without clear divergence from price.
• A bullish engulfing pattern formed at session close, suggesting possible reversal.
At 12:00 ET–1, POL/Tether opened at $0.1081, hit a high of $0.1095, and a low of $0.1061, closing at $0.1077 by 12:00 ET. Total volume amounted to ~83.1 million units, with a turnover of ~$9.4 million.
Structure & Formations
Price formed a key

Moving Averages and Momentum
The 20-period and 50-period moving averages on the 5-minute chart converged into alignment as price approached the $0.1077 level.
The MACD line crossed above the signal line in the final hour, indicating a possible shift in short-term momentum. The RSI reached an oversold level of ~28 during the mid-session selloff, suggesting a potential countertrend rally.
Volatility and Bollinger Bands
Volatility remained low for most of the session but increased sharply in the final three hours, as seen by the widening of the Bollinger Bands. At 16:00–17:00 ET, price tested the upper band, indicating a brief period of overbought conditions.
Volume and Turnover
Volume was relatively consistent throughout the session, with no notable spikes that would suggest a false break or manipulation. Turnover closely tracked price action, with a sharp increase observed in the final 90 minutes, coinciding with the bullish reversal. No divergence between price and volume was observed, reinforcing the strength of the late rally.
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Fibonacci Retracements
A key retracement level at 61.8% (~$0.1069) acted as a floor for much of the session. A potential target for the next upward leg may be found at the 161.8% extension of the recent swing, which aligns with ~$0.1096.
Price appears to have found a temporary equilibrium at ~$0.1077, with short-term momentum favoring the bulls. A breakout above $0.1095 may signal continuation of the rally, but a retest of $0.1065 could challenge the immediate bullish outlook. Investors should monitor volatility and volume for confirmation of the trend’s durability.
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