Market Overview: Polymesh/Turkish Lira (POLYXTRY) on 2025-12-11

Summary
• Price swung between 2.45 and 2.64, ending near 2.49 after a bearish reversal.
• High volume confirmed key support at 2.45, but failed to break above 2.64 resistance.
• RSI and MACD suggest bearish momentum, with no signs of near-term overbought conditions.
• Bollinger Bands narrowed during consolidation, followed by a downward breakout.
• Turnover remained subdued, with no divergences between volume and price.

Polymesh/Turkish Lira (POLYXTRY) opened at 2.57 on 2025-12-10 at 12:00 ET, reached a high of 2.64, a low of 2.45, and closed at 2.49 by 12:00 ET on 2025-12-11. Total volume amounted to 213,089.0, with turnover totaling 561,015.2.

Structure & Formations

Price formed a bearish reversal pattern around 2.64, failing to hold above this level and retracing to 2.45, which acted as a strong support. The consolidation period prior to 03:30 ET saw repeated retests of 2.52 and 2.57, indicating indecision before the final downward move.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages converged, offering limited directional signals. Daily moving averages (50, 100, 200) remain unconfirmed due to limited daily data, but the 20-period MA on the 5-minute chart suggests a possible bearish bias.

MACD & RSI

MACD turned negative after 03:30 ET and remained in bearish territory, confirming the downtrend. RSI fell below 30 and has since recovered slightly but remains below 50, indicating continued bearish momentum without clear oversold conditions.

Bollinger Bands

Volatility contracted between 00:00 and 03:30 ET, with price consolidating within a narrow range. After 03:30 ET, the bands expanded, and price broke below the lower band at 2.45, signaling a bearish continuation.

Volume & Turnover

Volume spiked at key reversal points, particularly around 19:30 ET (77,771.8) and 14:45 ET (51,739), confirming price action during major moves.

Turnover remained generally aligned with volume, with no significant divergences observed.

Fibonacci Retracements

Fibonacci levels for the 2.45 to 2.64 move identified 2.55 (38.2%) and 2.52 (61.8%) as key levels. Price stalled near 2.52 and fell further, suggesting bearish exhaustion around 2.45.

Market appears to be in a bearish phase with strong support near 2.45. While further downside is possible, a bounce toward 2.52 could test for potential reversal signals. Investors should remain cautious for potential volatility if volume increases with a rebound.