Market Overview: USDC/Zloty (USDCPLN) Technicals on 2025-12-18

Summary
• Price traded in a narrow range of 3.593–3.603 before consolidating near 3.595.
• Key support at 3.594–3.595 held multiple times; resistance at 3.601–3.603 faced recurring rejection.
• Volume surged in early session but waned overnight, suggesting fading buying pressure.

The USDC/Zloty pair (USDCPLN) opened at 3.592 on December 17 at 12:00 ET, reached a high of 3.603, touched a low of 3.593, and closed at 3.595 on December 18 at 12:00 ET. Total volume for the 24-hour window was approximately 1,854,810 PLN, with a notional turnover of roughly 545,173 USDC.

Price Structure & Candlestick Formations

Price action on the 5-minute chart displayed a series of consolidating patterns, with a bearish engulfing pattern visible during the early morning session at 06:00–06:15 ET, followed by a failed retest of the 3.601 level later in the day. A small doji formed near 03:45 ET, suggesting indecision in the overnight market. Key support was retested multiple times in the 3.594–3.595 range, with the price rebounding off it consistently.

Moving Averages and Momentum

While the 5-minute chart showed price hovering above the 20- and 50-period SMAs for most of the day, the 50-period line acted as a dynamic support between 3.597 and 3.595. RSI remained in neutral territory between 45–55 for much of the session, indicating no strong overbought or oversold conditions. MACD showed a small bearish crossover in the morning but remained flat for most of the day, indicating low momentum.

Volatility and Bollinger Bands

Bollinger Bands showed a moderate contraction during the overnight hours, indicating a period of consolidation. Price remained within the bands for the majority of the session, with brief excursions near 3.603 and 3.593. These movements did not result in a sustained breakout, and the bands have since flattened, pointing to a potential continuation of sideways trading.

Volume and Turnover Insights

Volume spiked early in the session, particularly between 19:00 and 22:30 ET, coinciding with a price test of the 3.603 level. However, volume declined significantly overnight, suggesting a lack of conviction in either buyers or sellers. Turnover followed a similar pattern, with the highest turnover occurring during the early price consolidation phase. A divergence between volume and price action in the morning suggests a potential weakening in upward momentum.

Fibonacci Retracements and Key Levels

Fibonacci retracements drawn from the 3.592 to 3.603 swing showed 3.598 as the 50% retracement level, which coincided with the price’s consolidation area. The 61.8% retracement at 3.595 has become a critical support zone that has been tested multiple times and is likely to be watched closely in the next 24 hours for signs of a break or hold.

Price may continue to trade within the 3.593–3.603 range as the 50% retracement and key support levels are closely tested. A break below 3.593 could accelerate downward momentum, while a sustained move above 3.601 may confirm a short-term reversal. Investors should remain cautious for signs of divergence between price and volume, as this may signal a shift in market sentiment.