Market Overview for USDC/Zloty (USDCPLN)

Summary
• Price consolidated in a tight range near 3.58–3.56 after a sharp drop from 3.585 to 3.559.
• Volume spiked during the early-morning downturn but normalized in late ET hours.
• RSI signaled oversold conditions briefly but failed to trigger a strong rebound.
• Bollinger Bands narrowed during midday consolidation, suggesting potential for a break.
• A bullish engulfing pattern formed near 3.576 after early selling pressure.

The USDC/Zloty pair opened at 3.582 on 2026-01-01 at 12:00 ET and traded as high as 3.585 before falling to a low of 3.557. It closed at 3.58 at 12:00 ET on 2026-01-02. The total volume for the 24-hour window was 1,108,110.0 units, with a notional turnover of 3,912,353.86 PLN.

Structure & Moving Averages

Price action remained within a 3.557–3.585 range, with 3.58 and 3.576 acting as key support and resistance levels. The 5-minute 20-EMA and 50-EMA crossed into bullish territory after the late ET upswing, but the daily 50-EMA remained above the 200-EMA, indicating bearish bias on longer timeframes.

MACD & RSI

The 5-minute MACD moved into positive territory in the final 4 hours, confirming the bullish close. RSI hit 28 during the early-morning selloff and rose to 52 by the end of the window, suggesting oversold recovery but no strong reversal signal.

Bollinger Bands

Volatility was low during the midday consolidation, with price tightly clustering near the 20-period moving average. A late ET breakout pushed the close near the upper band, hinting at potential follow-through.

Volume & Turnover

Turnover spiked during the early-morning sell-off, with a large candle printing at 03:45 ET. However, price failed to break below 3.564, and buying interest reemerged in the final 3 hours. The volume profile appears to confirm short-covering after the selloff.

Fibonacci Retracements

On the 5-minute chart, price found support at the 61.8% retracement level of the early-morning drop. On the daily timeframe, a 38.2% retracement from the recent high may offer near-term resistance if buyers step in.

The market appears to be testing key support and resistance levels, with a bullish engulfing pattern near 3.576 providing near-term upside potential. However, volatility remains low, and a failure to break above 3.585 could invite renewed selling pressure. Investors should monitor 3.576 and 3.585 levels closely for direction in the coming 24 hours.