Market Overview for THENA/Turkish Lira (THETRY) on 2025-12-15

Summary
• Price declined from $7.73 to $7.58 over 24 hours, with key support at $7.54.
• RSI suggests oversold conditions, hinting at possible short-term bounce.
• Bollinger Bands show moderate volatility; price hovering near lower band.
• Volume spiked during the late afternoon, aligning with price lows.
• A potential bullish reversal pattern emerged near $7.60.

24-Hour Price and Volume Summary

THENA/Turkish Lira (THETRY) opened at $7.686 at 12:00 ET - 1 and reached a high of $7.73 before closing at $7.58 at 12:00 ET. The 24-hour range was between $7.54 and $7.73. Total volume amounted to 658,332.5, while notional turnover was approximately $4,790,544.

Structure and Candlestick Patterns

The price experienced a sharp decline late afternoon, forming a bearish engulfing pattern near $7.62 and $7.54. However, a potential bullish reversal was visible after the price tested $7.60 with a higher close. A small doji at $7.60 may signal indecision or a turning point.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages both dipped below price, reinforcing a short-term bearish bias. RSI fell into oversold territory, hovering around 30, suggesting a potential rebound could be imminent. MACD remained negative, but the histogram showed narrowing bearish momentum.

Volatility and Bollinger Bands

Bollinger Bands reflected moderate volatility, with price testing the lower band between $7.54 and $7.57, particularly during late afternoon. A contraction in band width occurred briefly around $7.63–$7.65, which could precede a breakout.

Volume and Divergences

Volume surged to over 30,000 units around $7.54, aligning with the price low and indicating accumulation. A divergence between lower prices and stable volume suggests the decline may be losing steam.

Fibonacci Retracements

Key Fibonacci levels were drawn between the recent high of $7.73 and the low of $7.54. The 38.2% retrace level sits at $7.64, which has shown support in intraday swings. A bounce off the 61.8% level at $7.68 could signal a larger trend reversal.

The price may find near-term support near $7.54 and face resistance at $7.64 and $7.73. While the immediate bias remains bearish, technical indicators suggest a potential short-term bounce is possible. Investors should monitor volume behavior and RSI for confirmation of any reversal.