Market Overview for THENA/Turkish Lira (THETRY): 24-Hour Analysis as of 2025-12-18

Summary
• THENA/Turkish Lira (THETRY) closed lower by 8.8% at 7.587, forming bearish reversal patterns on key 5-min swings.
• Volatility expanded in early trading, with volume peaking at 158,402.2 as price dropped from 7.881 to 7.587.
• RSI(14) reached oversold levels late, suggesting potential bounce, but divergence with price suggests caution.
• Bollinger Bands widened midday, with price closing near the lower band, indicating declining bullish momentum.
• Fibonacci retracement at 61.8% (7.60–7.61) could offer short-term support amid a bearish bias.

The THENA/Turkish Lira (THETRY) pair opened at 7.688 on 2025-12-17 at 12:00 ET and reached a high of 7.881 before closing at 7.587 at 12:00 ET on 2025-12-18. Total volume for the period was 1,651,848.9, and notional turnover was 12,928,505.2 Turkish Lira. The 24-hour period saw a significant bearish trend with sharp intraday sell-offs and muted buying interest.

Structure & Formations

Price formed multiple bearish reversal patterns, including a dark cloud cover and a hanging man, particularly on 5-minute candles between 19:30 and 20:00 ET on 2025-12-17. A key resistance area was observed around 7.85–7.86, which failed to hold amid heavy selling pressure. The 7.60–7.61 level appears to be a critical support based on Fibonacci retracements and prior lows.

Moving Averages

On the 5-minute chart, the price closed below both the 20-period and 50-period SMAs, reinforcing the bearish bias. The 50-period SMA currently sits at 7.76, while the 20-period is slightly above it at 7.78. On the daily chart, the 50-period SMA is near 7.75, and the 200-period SMA is at 7.82, suggesting a medium-term bearish alignment.

MACD & RSI

The MACD turned negative in the early hours of 2025-12-18 and remained below the signal line, indicating bearish momentum. RSI dropped into oversold territory late in the 24-hour period (near 30), which could imply a short-term bounce. However, price continued to fall despite the RSI reading, signaling potential divergence and a cautious outlook.

Bollinger Bands

Bollinger Bands expanded sharply in the early morning hours as volatility surged following a failed attempt to reclaim 7.85. The closing price of 7.587 is near the lower band, suggesting a period of overextension and a possible pullback. However, the bearish trend remains intact as long as the upper band is not retested with conviction.

Volume & Turnover

Volume spiked to a high of 158,402.2 at 19:30 ET on 2025-12-17, coinciding with a sharp price drop. Turnover mirrored the volume spikes, particularly during the 21:00–23:00 ET window. However, volume and turnover have since declined, suggesting reduced conviction in the short-term bearish move and potential for consolidation or reversal.

The pair appears to be in a bearish phase driven by short-term profit-taking and macroeconomic factors. A retest of the 7.60–7.61 support level could offer a near-term bounce, but a break below that may open the door to 7.50. Investors should monitor the 7.75–7.80 range for signs of renewed buying interest. As always, be cautious of liquidity shifts and macroeconomic cross-currents in the next 24 hours.