Market Overview for Tether/Zloty (USDTPLN): 24-Hour Analysis on 2025-10-05

• Price action for USDTPLN remained in a narrow range with multiple consolidation attempts and a sharp dip in the early hours.
• Momentum indicators showed overbought levels during midday but retreated into neutral territory by the close.
• Low volatility characterized the session, with Bollinger Bands constricting during the overnight hours.
• Volume was unevenly distributed, peaking during the late afternoon before tapering off toward the end of the day.
• Key resistance held above 3.600, while support at 3.570 faced pressure but failed to break.

Tether/Zloty (USDTPLN) opened at 3.598 on 2025-10-04 at 12:00 ET, reached a high of 3.611, dropped to a low of 3.574, and closed at 3.594 at 12:00 ET on 2025-10-05. The total 24-hour volume was 167,161.0 Zloty, and notional turnover was approximately PLN 587,884.

The price action revealed a bearish impulse in the early hours, with a rapid decline from the 3.600 resistance level toward the 3.574 support level. However, a sharp rebound followed, indicating short-term buying pressure near the psychological 3.570 level. A key engulfing candle formed at 3.574–3.558, marking a short-term reversal and suggesting a potential floor in the pair’s near-term range. Multiple doji patterns appeared between 3.600 and 3.595, signaling indecision among traders.

Structure & Formations

The 3.600 level continued to act as a key psychological resistance, with multiple failed attempts to break above it. The 3.595–3.600 range became a battleground for bulls and bears, resulting in a series of doji and indecisive candles. A bearish engulfing pattern at the 3.574–3.558 level suggested a short-term reversal, though the 3.570 support remains untested. The formation of a bullish flag pattern during the morning recovery also hinted at a potential pullback toward 3.595.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed twice, forming a bullish crossover around 08:30 ET. The 50-period MA held above the 20-period MA, reinforcing the short-term bullish momentum. For the daily chart, the 50-period MA remained above the 100-period and 200-period MAs, suggesting a longer-term bullish bias. The 50-period MA currently rests at 3.595, which also coincides with a prior support level.

MACD & RSI

The MACD showed a bearish crossover early in the session but reversed into a bullish signal following the morning rebound. The histogram expanded during the midday rally but contracted as price consolidation set in. The RSI reached overbought territory during the 08:00–09:30 ET rally but retreated into neutral ground by the close, indicating that the recent rally may be exhausted. A bearish divergence between the RSI and price was observed in the early hours, suggesting a potential sell-off was likely.

Bollinger Bands

The Bollinger Bands showed a clear contraction during the overnight hours, followed by a sharp expansion during the early morning sell-off. The price tested the lower band at 3.574–3.558 before rebounding, indicating that the 3.570 level may serve as a potential support floor. As the session progressed, the bands narrowed again, hinting at a potential consolidation phase ahead. The current volatility environment suggests a low-probability breakout scenario for the next 24 hours.

Volume & Turnover

Volume spiked during the early morning sell-off, with the largest single 15-minute volume spike reaching 7,128.0 Zloty at 05:00 ET. This coincided with a sharp drop from 3.596 to 3.574. Conversely, the midday rally saw a more moderate increase in volume, suggesting that the buying pressure may not be strong enough to push the price above 3.600. Turnover followed a similar pattern, with the largest turnover occurring during the early morning sell-off. A divergence between price and volume during the midday rally may suggest limited conviction from buyers.

Fibonacci Retracements

Applying Fibonacci retracements to the 3.611–3.574 swing, the 38.2% level at 3.593 and 61.8% level at 3.584 were both tested during the morning rally. The 3.593 level showed strong resistance, and the price consolidated afterward. On the daily chart, the 38.2% retracement level at 3.593 may act as a potential pivot point for the next 24 hours. A break above this level could signal a return to the 3.600–3.610 range.

Backtest Hypothesis

Based on the observed patterns and technical indicators, a potential backtesting strategy could focus on entering long positions during a confirmed bullish crossover in the 15-minute MACD and RSI moving above 50, with a stop-loss placed below the 3.574 support level. A take-profit target could be set at the 3.593–3.595 resistance zone, given its prior function as a pivot point and the presence of a bullish flag pattern. This approach would rely on the continuation of the current bullish momentum and the likelihood of a short-term pullback toward 3.595, with the 20-period MA providing additional confirmation.