Market Overview for POL/USDT on 2025-09-06

• POL/USDT edged higher on strong volume, forming bullish consolidation after a morning dip.
• RSI and MACD signaled moderate momentum with no clear overbought/oversold readings.
• Volatility narrowed in late-night hours before a late rally toward 0.2849.
• Price remained within Bollinger Bands, suggesting range-bound behavior.
• Fibonacci retracements highlighted 0.280–0.281 as key support and 0.283–0.284 as resistance.

The POL/USDT pair opened at 0.2804 on 2025-09-05 at 12:00 ET and reached a high of 0.2849 on 2025-09-06 at 03:30 ET, while hitting a low of 0.2763 earlier in the evening. The 24-hour session closed at 0.2786 on 2025-09-06 at 12:00 ET. Total volume traded was approximately 40.1 million tokens, and turnover reached $11.1 million, showing moderate to strong activity.

Structure & Formations

Price action showed a morning correction followed by a late-night rally, forming key support at 0.2793–0.2784 and resistance at 0.282–0.2846. A bullish engulfing pattern formed around 19:00 ET as price surged from 0.2803 to 0.2816. A shooting star at 0.2833 indicated hesitation near 0.284. A doji at 0.2809 on 09:00 ET hinted at indecision.

Moving Averages

On the 15-minute chart, the 20 SMA and 50 SMA crossed upward in the late-night rally, confirming a short-term bullish bias. On a daily chart, the 50 SMA at 0.2796 and 200 SMA at 0.2788 suggest a potential retest of key support and resistance levels ahead.

MACD & RSI

The MACD remained above zero with a positive divergence late in the session, indicating rising bullish momentum. The RSI oscillated between 45 and 60 for most of the day, avoiding overbought territory. A RSI crossover above 50 at 03:30 ET coincided with the high of 0.2849, suggesting short-term strength.

Bollinger Bands

Price remained within the Bollinger Band range for most of the day, with volatility tightening in the early morning and expanding during the late-night rally. The 20-period BB showed a contraction between 01:00 and 02:30 ET before a sharp expansion as price surged to 0.2849.

Volume & Turnover

Volume spiked during the late-night rally, peaking at 1.21 million tokens at 02:15 ET. Turnover aligned closely with price, suggesting quality participation. No clear divergence between volume and price was observed, indicating that the rally was well-supported.

Fibonacci Retracements

A key 61.8% retracement level was identified at 0.280–0.281, where price stalled during the morning. A 38.2% retracement at 0.283–0.284 was tested and partially held during the late-night push.

Backtest Hypothesis

Given the observed consolidation and recent bullish momentum, a possible backtest strategy could involve a long entry on a close above 0.2816 (the 61.8% Fibonacci level and 19:00 ET high) with a stop loss below 0.2793. A target of 0.2849–0.285 aligns with the recent high and 38.2% retracement level. A short-term MACD crossover above zero could serve as a confirmation filter. If the 0.2816 level fails, a countertrend short with a target at 0.2784 could be considered, supported by the RSI divergence.