Market Overview for Polymesh/Turkish Lira (POLYXTRY) on 2025-12-28

Summary
• Price opened at 2.21 and closed at 2.22, forming a bullish candle with strong consolidation.
• Volume surged in early hours, confirming strength, followed by steady accumulation.
• A 61.8% Fibonacci retracement level at 2.22 aligned with the close, suggesting temporary equilibrium.
• RSI hovered near 50, indicating neutral momentum with potential for a breakout.
• Bollinger Bands narrowed midday, hinting at a possible expansion and volatility shift.

Polymesh/Turkish Lira (POLYXTRY) opened at 2.21 on 2025-12-28 and reached a high of 2.32, with a low of 2.20 before closing at 2.22 at 12:00 ET. Total volume for the 24-hour window was 1,878,132.0 units, with a notional turnover of $4,278,102.15.

Structure & Formations

Price action revealed a key support level forming around 2.20–2.21, where the market found repeated buying interest throughout the day. A strong bullish engulfing pattern emerged between 02:15 ET and 02:30 ET, as the price surged from 2.21 to 2.28. This was followed by a consolidation phase, with the 61.8% Fibonacci retracement level at 2.22 acting as a psychological pivot. A small doji appeared at 08:45 ET near 2.24, signaling a pause in bearish momentum.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages showed a bullish crossover early in the session, aligning with the morning breakout. By midday, the 50-period line remained above the 20-period, suggesting ongoing bullish bias. RSI remained in neutral territory near 50, with no clear overbought or oversold signals. MACD remained positive, with a moderate histogram that indicated sustained, but not explosive, momentum.

Volatility and Bollinger Bands

Bollinger Bands showed a contraction between 08:45 ET and 10:00 ET, with price hovering around the middle band. This indicated a period of consolidation and potentially a setup for a breakout. The bands subsequently widened, reflecting increased volatility in late morning trading as volume surged.

Volume and Turnover Analysis

The largest volume spike occurred at 02:30 ET, with over 650,000 units traded, coinciding with the highest price bar of the day. This was followed by a steady accumulation pattern until midday. The final hours saw a gradual decline in volume, but the price remained within a tight range, suggesting buyers may still be present. Notional turnover closely followed volume, with no significant divergence noted, indicating balanced buying and selling pressure.

The market appears poised to test the 2.28–2.31 range in the next 24 hours, potentially driven by renewed bullish sentiment. However, a breakdown below 2.20 could signal renewed bearish pressure. Investors should monitor Bollinger Band dynamics and the 50-period MA for early confirmation of direction.