Market Overview: THENA/Turkish Lira (THETRY) on 2025-11-11

Summary
• THENA/Turkish Lira opened at 7.831 and closed at 7.854 after a 24-hour range of 7.748–8.221.
• Price spiked to 8.221 before consolidating downward, with volume peaking at 209,736.1 near the close.
• RSI and MACD suggest overbought conditions at peaks, with potential for short-term pullback.

Opening & Closing Summary

THENA/Turkish Lira (THETRY) opened at 7.831 at 2025-11-10 17:00 ET and reached a high of 8.221 at 2025-11-11 02:30 ET before closing at 7.854. The 24-hour volume was 1,967,308.7 and turnover was 15,823,329.0 Turkish Lira, reflecting heightened interest during key price swings.

Structure & Formations

The daily 15-minute chart formed a bearish continuation pattern after a strong rally into the 8.216–8.221 range. A large bearish engulfing pattern appeared after 2025-11-11 00:45 ET, followed by a bearish trend reversal after the 8.221 high. Support levels emerged at 8.158 (61.8% Fibonacci), 8.06 (38.2%), and 7.95, with resistance seen at 8.108 and 8.166.

Moving Averages

On the 15-minute chart, the 20-period EMA crossed above the 50-period EMA during the 2025-11-11 02:00–03:00 ET consolidation phase, briefly signaling potential bullish momentum. However, the 200-period daily EMA remained above the 50-period, indicating the long-term trend remains bearish.

MACD & RSI

The MACD crossed into positive territory during the 2025-11-11 02:30–03:30 ET rally, reaching a peak of 0.09 before diverging from price and flipping negative. RSI peaked at 70 during the 8.221 high, suggesting overbought conditions, with a pullback to 62 by the 24-hour close.

Bollinger Bands

Price traded near the upper Bollinger Band during the 2025-11-11 00:00–02:30 ET rally, reflecting high volatility. The band width had expanded from the earlier compression between 2025-11-10 23:45 ET and 2025-11-11 00:15 ET, suggesting an end to consolidation and the start of a directional move.

Volume & Turnover

Volume spiked to 209,736.1 at 2025-11-11 00:45 ET, coinciding with a sharp drop from 8.221 to 7.95. This suggests significant selling pressure at the top. Turnover also surged at that time, reinforcing the bearish divergence between price and volume.

Fibonacci Retracements

Fibonacci retracement levels for the 7.854–8.221 swing indicate strong resistance at 8.158 (61.8%) and support at 8.06 (38.2%). On the daily chart, the 0.50 and 0.618 levels align with the 8.035 and 7.95 price levels, offering potential for further consolidation or a reversal.

Backtest Hypothesis

The MACD Golden-/Death-Cross strategy, typically using 12-26-9 EMA periods, could be adapted for THETRY to capture both intraday and daily trend signals. A 15-minute chart test could reveal how the asset reacts to short-term divergences, especially in a volatile 24-hour window like the one observed on 2025-11-11. This could provide actionable insights for algorithmic or swing traders.

Looking ahead, THENA/Turkish Lira may test the 7.95 support and 8.06–8.158 resistance cluster in the next 24 hours. Traders should remain cautious of volatility and potential divergence between volume and price during consolidation.