Market Overview for Tether/Zloty (USDTPLN) - 2025-11-13

Summary
• Price action consolidated between 3.64 and 3.66 as bulls failed to break above key resistance.
• RSI signals moderate momentum with no overbought or oversold extremes within 24 hours.
• Volume surged during early morning ET, aligning with price consolidation and intraday volatility.

Tether/Zloty (USDTPLN) opened at 3.655 on 2025-11-12 at 12:00 ET and closed at 3.645 by 12:00 ET on 2025-11-13, with a high of 3.663 and a low of 3.640. The 24-hour volume reached 180,768.0 units, and total turnover was approximately 593,723.0 (value in PLN).

Structure & Formations

Price action revealed consolidation within a defined range of 3.640–3.663 throughout the day. A failed breakout above 3.660, seen in the 23:45–00:00 candle, suggested bearish pressure. A bearish engulfing pattern appeared at 08:00–08:15 ET, confirming a short-term reversal from a prior bullish trend. No strong doji emerged, but price hovered near key psychological support at 3.650.

Moving Averages and MACD

The 20-period and 50-period moving averages on the 15-minute chart remained close to the price, indicating neutral to weak directional bias. The MACD line oscillated around the signal line without a clear trend, suggesting mixed momentum. On the daily chart, the 50-period EMA crossed above the 200-period SMA, hinting at potential long-term support.

Bollinger Bands and Volatility

Volatility expanded during the 23:45–00:00 session, with a candle breaking out of the upper band before closing back within it, indicating indecisiveness. The Bollinger Band squeeze began to fade, suggesting that price may consolidate or break out in the next 24 hours.

Volume and Turnover

Volume spiked to 7,432 units at 23:45–00:00, coinciding with a high of 3.663. This was followed by lower volume as price retracted, indicating possible lack of follow-through from buyers. Turnover mirrored volume spikes during the early hours of the morning, reinforcing the idea of a failed breakout.

Fibonacci Retracements

Applying Fibonacci to the most recent 15-minute swing (high: 3.663, low: 3.640), the 61.8% retracement level sits at approximately 3.653, aligning with key support. The daily swing from 3.655 (open) to 3.663 (high) saw the 50% level at 3.659 being tested but rejected.

Backtest Hypothesis

The data returned confirms the need for clarification around the backtest strategy for the "Bullish Engulfing" pattern. The current backtest parameters require confirmation regarding the correct ticker and trade execution rules. Once clarified, this strategy could be applied to USDTPLN or similar stablecoin pairs.