Market Overview for Tether/Zloty (USDTPLN) – 24-Hour Technical Summary

Summary
• Price action remains stable near the 3.663–3.665 consolidation range, suggesting short-term equilibrium.
• Volume dipped after mid-night, with turnover remaining concentrated in the 3.663–3.665 band.
• No significant bearish or bullish momentum indicators emerged, with RSI hovering near mid-range.
• A bullish engulfing pattern at 17:00 ET-1 provided a minor upward thrust.

Tether/Zloty (USDTPLN) opened at 3.665 on 2025-11-10 at 12:00 ET-1, reached a 24-hour high of 3.673 and a low of 3.657, and closed at 3.664 by 12:00 ET on 2025-11-11. Total trading volume for the 24-hour window was 184,852.0 with a notional turnover of approximately 682,344.3 Zloty, calculated using the volume and average price.

Structure & Formations

Price formed a tight consolidation range between 3.663 and 3.665 during the overnight and early morning hours, punctuated by a bullish engulfing candle at 17:00 ET-1, suggesting a short-term upward bias. A doji formed at 02:15 ET, indicating indecision. Key support levels appear to be forming around 3.661, while resistance is clustering between 3.665 and 3.666.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned near the 3.664 level, indicating a sideways bias. On the daily chart, the 50-period and 200-period moving averages appear to converge at around 3.665–3.666, suggesting a potential area of resistance if bullish momentum increases.

MACD & RSI

The MACD histogram showed minimal divergence across the 24-hour period, with a small positive signal line crossover at 01:30 ET, hinting at a possible short-term upward push. The RSI moved between 48 and 52 for most of the session, indicating a balanced market with no clear overbought or oversold signals. A slight dip below 45 at 05:30 ET may hint at a minor pullback, but no significant bearish divergence was observed.

Bollinger Bands

Volatility remained relatively low, with price staying within the Bollinger Bands throughout the session. A narrow band formation from 00:00 to 03:00 ET suggested reduced volatility, while a slight expansion at 07:00 ET indicated a potential breakout attempt. Price remained near the middle band, suggesting that a clear trend has not yet emerged.

Volume & Turnover

Volume spiked at 01:30 ET and again at 09:00 ET, both times coinciding with price consolidating near the 3.664–3.665 range, suggesting accumulation rather than distribution. Turnover remained proportional to price movement, with no notable divergences indicating a lack of hidden selling pressure.

Fibonacci Retracements

Fibonacci retracement levels applied to the overnight low (3.657) and early morning high (3.665) suggest a 38.2% level at 3.662 and a 61.8% level at 3.664, both of which have been tested and held during the session. These levels appear to reinforce the current consolidation pattern and could serve as potential triggers for either a breakout or a pullback.

Backtest Hypothesis

The backtest strategy provided is focused on RSI-based entry signals, but it appears to be misaligned with the current asset. The strategy described is for “RULE.B,” which is unrelated to USDTPLN, and no valid RSI-based backtest could be performed. To align with this analysis, a similar RSI-oversold approach could be tested for USDTPLN by buying when RSI14 falls below 30 and exiting when it rises above 70, with stop-loss and take-profit levels set using Fibonacci and Bollinger Band metrics. However, given the current RSI neutrality, such a strategy would not have triggered a signal during this 24-hour window.