Market Overview for THENA/Turkish Lira (THETRY)

Summary
• THENA/Turkish Lira formed a bullish engulfing pattern near 8.402 and retested key resistance at 8.57.
• Volatility expanded late in the session, with a 5.5% swing and a sharp 15-minute drop to 7.975.
• RSI reached overbought territory near 8.60, suggesting a potential pullback ahead.
• Bollinger Bands widened after a contraction, confirming increased uncertainty.
• Turnover surged during the 7.975 low, showing buying interest despite the sharp decline.

THENA/Turkish Lira (THETRY) opened at 8.436 on 2025-12-30 12:00 ET, peaked at 8.828, and bottomed at 7.975 before closing at 8.544 at 2025-12-31 12:00 ET. Total volume amounted to 237,480.4 with a notional turnover of 1,996,726.68 Turkish Lira.

Structure & Formations

The 5-minute chart showed a bullish engulfing pattern at 8.402, followed by a retest and break at 8.57. A bearish divergence appeared near 8.629, where price rose but RSI flattened, hinting at waning momentum. A 15-minute selloff to 7.975 created a low-volume shadow, indicating potential support.

MACD & RSI

MACD showed a positive crossover just before 19:00 ET, supporting a bullish bias. RSI briefly entered overbought levels near 8.60 and then pulled back, indicating a potential reversal.

Bollinger Bands

Bands were in contraction during the early afternoon before a sharp breakout to 8.828. Price closed near the upper band at 8.544, suggesting elevated volatility and potential consolidation.

Volume & Turnover

Volume surged during the 7.975 low and then dropped off after the 8.828 peak. Turnover spiked during the 21:00–22:00 ET rally, confirming buying interest.

Fibonacci Retracements

Key retracement levels included 8.619 (61.8%) and 8.547 (38.2%) on the 5-minute chart. Daily chart retracements suggested possible support near 8.44–8.46 if the trend corrects.

The market appears to be in a high-volatility phase, with a potential consolidation at 8.54–8.56 ahead. A break below 8.44 could trigger further bearish pressure, while a retest of 8.62–8.65 may attract short-term buyers. Investors should watch for volume confirmation on any breakouts over the next 24 hours.