Market Overview for Polymesh/Turkish Lira (POLYXTRY)

Summary
• Price surged to 2.50 before consolidating near 2.41, forming key support around 2.37–2.39.
• Volatility spiked at 00:00 ET with a large bullish candle and high turnover.
• Overbought RSI and expanding Bollinger Bands suggest possible near-term pullback.
• Volume surged over 200,000 at 13:30 ET but failed to sustain higher prices.
• A bullish engulfing pattern emerged at 19:15 ET, followed by a failed breakout at 2.43.

24-Hour Price and Volume

Polymesh/Turkish Lira (POLYXTRY) opened at 2.40 on 2026-01-01 at 12:00 ET, reached a high of 2.50, and closed at 2.41 by 12:00 ET on 2026-01-02, with a low of 2.37. Total 24-hour volume reached 2,326,627.9, and notional turnover hit approximately 5,622,265.3 TRY.

Structure & Formations

The 5-minute chart showed a strong bullish impulse at 00:00 ET, where POLYXTRY spiked from 2.42 to 2.50 on a large-volume candle, followed by a sharp pullback. Key support levels were identified around 2.37–2.39, where the price found a floor on multiple occasions. A failed breakout above 2.43 and a bearish reversal candle at 01:15 ET indicated waning upward momentum.

MACD and RSI

The RSI spiked into overbought territory at 2.50 and has since retreated, suggesting short-term bearish pressure. The MACD crossed into positive territory during the early morning rally but failed to sustain the bullish signal, indicating possible exhaustion in the short-term trend.

Bollinger Bands

Bollinger Bands widened during the 00:00 ET to 01:30 ET rally, showing increased volatility. The price then moved back toward the lower band in the early morning hours, suggesting potential oversold conditions.

Volume and Turnover

Volume spiked to over 200,000 at 13:30 ET and again at 19:15 ET, but turnover failed to confirm higher prices, signaling bearish divergence. The largest single-candle turnover occurred at 00:00 ET, when 317,635.55 TRY changed hands on a large bullish candle.

Fibonacci Retracements

The market appears to be consolidating after a sharp 00:00 ET rally, and a pullback toward the 2.37–2.39 support zone could set up a potential rebound or a further decline. Investors should monitor volume and RSI levels closely for confirmation of the next directional move.

POLYXTRY may test the 2.37–2.39 support zone in the next 24 hours. A breakout below 2.37 could trigger a deeper correction, while a rebound above 2.43 could reignite bullish momentum. As always, volatility remains high and unpredictable.