Market Overview for THENA/Turkish Lira (THETRY): January 2, 2026

Summary
• Price surged from 8.793 to 8.844 before consolidating at 8.856 by 12:45 ET.
• A bullish engulfing pattern formed at 19:45 ET as price rebounded from 8.808 to 8.839.
• RSI hit oversold territory at 29.7, signaling potential short-term bounce.
• Volume surged during 01:45–02:00 ET, confirming a breakout above 8.886.
• Price tested 8.76–8.795 Bollinger Band support and bounced with strong volume.

The THENA/Turkish Lira (THETRY) pair opened at 8.793 on January 1, 2026, reached a high of 8.93, hit a low of 8.755, and closed at 8.856 by 12:00 ET. Total volume for the 24-hour period was 144,624.5, with notional turnover of 1,257,536.29 TL.

Structure & Formations

Price formed a bullish engulfing pattern during the 19:45–20:00 ET session, as the candle opened at 8.813 and closed at 8.839 after reaching a high of 8.839. This pattern suggests a potential reversal in bearish momentum. . A key support level appeared at 8.76–8.795, where the price found buying interest after dipping below 8.812. On the daily chart, the Fibonacci retracement of the 5-min swing shows 61.8% at 8.82, which coincided with a key consolidation area.

Moving Averages

On the 5-minute chart, the 20-period MA hovered near 8.81–8.82 during the late night consolidation, while the 50-period MA rose into 8.83–8.84 as buying pressure increased. On the daily chart, price closed above the 50 and 100-period MAs, suggesting a potential continuation of the recent upward trend.

Momentum and Volatility

The RSI indicator dropped into oversold territory at 29.7 during the 04:30–04:45 ET session before bouncing back toward neutral levels. MACD crossed into positive territory during the 01:45–02:00 ET session, confirming a short-term bullish turn. Volatility expanded during the 01:45–02:00 and 08:00–08:15 ET sessions, with Bollinger Bands widening to reflect the increased price action.

Volume & Turnover

The most significant volume spike occurred between 01:45 and 02:00 ET, with 30,733.1 units traded and a notional value of 270,427.76 TL, as price surged from 8.799 to 8.795. This was followed by a smaller but notable spike at 08:00–08:15 ET, where volume hit 20,470.6 and turnover reached 179,650.40 TL. A divergence between volume and price was noted during the 04:45–05:00 ET session, where volume dropped despite continued price movement.

Fibonacci Retracements

A key Fibonacci level at 8.82 (61.8% retracement) held strong, with price consolidating and rebounding from this level multiple times. The 50% retracement of the 24-hour move was at 8.818, aligning with a key support level. On the daily chart, a Fibonacci extension at 8.95 could serve as a potential near-term resistance.

Price may continue to test 8.856–8.88 level in the next 24 hours. A break above 8.88 could see a run at 8.92, but a return to 8.76–8.795 support would raise bearish concerns. Investors should monitor RSI and volume divergence for early reversal signals.