Market Overview: POL/Tether (POLUSDT) Daily Price Action and Momentum Signals

Summary
• Price action formed a bullish rebound off 0.1103 on 24-hour Bollinger Band support.
• Volume spiked during late-day buying, aligning with a 0.1142 breakout attempt.
• RSI signaled overbought conditions near 0.1154 but failed to confirm with volume.
• A 5-minute bullish engulfing pattern emerged at 0.1138–0.1141.
• Volatility expanded as the 5-minute ATR increased 18% post-15:00 ET.

POL/Tether (POLUSDT) opened at 0.1126 on 2025-12-16 12:00 ET, reaching a high of 0.1154 before closing at 0.1092 on 2025-12-17 12:00 ET. Total volume was 28,937,952.5 with a turnover of $3,015,764.

Structure & Formations

The 24-hour price swing saw a key support level at 0.1103 where a rebound occurred after a strong selloff. A bullish engulfing pattern formed at 0.1138–0.1141, suggesting short-term buying interest. Bollinger Bands expanded significantly after 15:00 ET, indicating rising volatility.

Moving Averages

Price briefly crossed above the 5-minute 50-period MA (0.1138) during the afternoon rally. On the daily chart, the 200-period MA remains at 0.1115, with price oscillating slightly above.

Momentum and Volatility

RSI hit overbought territory at 0.1154 but failed to hold, with volume declining afterward. MACD turned bullish in the late morning but faded by midday. Volatility remains elevated as the 5-minute ATR increased 18% post-15:00 ET.

Volume and Turnover

Trading volume spiked to 4.67 million at 15:00 ET as price tested 0.1142, confirming short-term optimism. However, turnover declined afterward as bearish pressure intensified. A divergence appeared between price and turnover during the 16:00–17:00 ET range, suggesting weak conviction in the rebound.

Fibonacci Retracements

On the 5-minute chart, price found support at 0.1103 (61.8% of the 0.1103–0.1154 move). Daily retracement levels suggest 0.1099 and 0.1084 as potential near-term supports.

Price appears to be consolidating within a tight range ahead of a potential breakout. If volume rises with a test of 0.1142, a short-term rally could follow. However, bearish momentum remains a risk if 0.1103 breaks without follow-through buying.