Market Overview: POLYXTRY Faces Continued Bearish Pressure Amid Low Volume

Summary
• Price drifted downward from $2.18 to $2.07 on low volume, with no bullish reversal patterns forming.
• A bearish breakdown below 2.15 appears to have gained momentum in late trading hours.
• RSI and MACD indicate oversold conditions, but volume remains weak, casting doubt on a near-term rebound.
• Bollinger Bands show a narrow range into early morning, followed by a sharp contraction as price dipped.
• Key support levels at 2.05–2.07 are now in focus, with potential for a test of 1.97 based on Fibonacci retracements.

24-Hour Snapshot

At 12:00 ET on 2025-12-18, Polymesh/Turkish Lira (POLYXTRY) opened at $2.17, reached a high of $2.18, and closed at $2.07 after hitting a low of $2.05. Total volume for the 24-hour window was 35,179.3, and notional turnover amounted to approximately 750.3 Turkish Lira.

Structure & Momentum

The price action displayed a distinct bearish bias, with a breakdown below key support at $2.15 and no significant reversal patterns. A large bearish candle at 19:00 ET marked the start of a sustained decline. The RSI approached oversold territory by the early hours of 12-18, and the MACD confirmed negative momentum with a bearish crossover into negative territory.

Volatility and Bollinger Bands

Bollinger Bands tightened during the pre-dawn hours before a sharp break to the downside saw the price settle below the lower band. This suggests a period of consolidation prior to a directional move.

Fibonacci and Key Levels

Fibonacci retracements drawn from the 2.18–2.05 swing indicate potential support at 2.07 (38.2%) and 2.02 (61.8%). The 2.05 level appears to be a near-term floor, but a break below 2.02 could open the door to further downside.

Given the current bearish bias and weak volume, price may test key support levels in the next 24 hours. A rebound could occur if buyers step in near 2.05, but investors should remain cautious as a breakdown appears probable in the absence of a strong counter-trend.