PROVETRY Market Overview – October 13, 2025

• Price surged over 15% in 24 hours, closing at $36.23 after opening at $31.68.
• High volatility seen in final hours, with a high of $37.78 and a low of $33.01.
• Volume spiked sharply in the early afternoon ET, signaling strong participation.
• RSI and MACD suggest overbought conditions and positive momentum.
• Bollinger Bands show expansion, indicating elevated volatility.

PROVETRY opened at $31.68 on October 12 at 12:00 ET and closed at $36.23 one day later. The asset reached a high of $37.78 and a low of $33.01 during the 24-hour window. The total traded volume was 1,133,846.8, with a notional turnover of $39,534,418.50, reflecting substantial activity especially in the afternoon and early evening hours.

Structure & Formations

Price action shows a strong upward bias throughout the day, forming multiple bullish engulfing patterns in the early and late trading sessions. A notable breakout above the prior resistance level of $34.55 occurred around 14:30 ET, followed by a brief consolidation before a sharp move higher in the final hours. A doji appeared near $33.50 during the early morning, suggesting a temporary pause in momentum before a renewed rally.

Moving Averages

On the 15-minute chart, price consistently remained above both the 20SMA and 50SMA, reinforcing the short-term bullish trend. The 50-period line crossed above the 20-period line near $33.50, forming a golden cross that preceded a sharp upward move. On the daily chart, price is above the 50DMA and 100DMA but slightly below the 200DMA, suggesting intermediate-term strength but still in a broader range-bound context.

MACD & RSI

The MACD line crossed above the signal line in the mid-morning, confirming the bullish momentum that led to the breakout above $34.55. The RSI surged to 68 by the late afternoon and crossed into overbought territory, peaking above 73 near the session’s high of $37.78. The divergence between price and RSI at the session high is worth monitoring for signs of a potential pullback.

Bollinger Bands

Bollinger Bands widened significantly as the move higher unfolded, indicating growing volatility. Price remained above the midline for most of the day and broke above the upper band in the final hours, confirming the strength of the rally. The upper band acted as dynamic resistance, and a breakout above it may trigger additional buying interest.

Volume & Turnover

Volume spiked sharply between 14:30 and 16:00 ET, with the largest single 15-minute candle recording 230,737.7 volume and contributing $8,362,682.70 to the day’s turnover. This coincided with the breakout above $34.55 and the subsequent acceleration to $37.78. Turnover and volume were well aligned in the final hours, supporting the idea of a strong, coordinated move higher.

Fibonacci Retracements

Applying Fibonacci to the key intraday swing from $33.01 to $37.78, price tested the 61.8% retracement level at $35.94 before accelerating past it. The 78.6% extension level is at $39.02, which could serve as a near-term target. On the daily chart, the 38.2% retracement level at $36.77 may act as resistance if the bullish momentum continues.

Backtest Hypothesis

A backtest strategy leveraging the MACD Golden Cross and RSI overbought signals could have captured much of the upward move seen today. A buy signal triggered by the 20SMA/50SMA golden cross near $33.50 would have aligned with a bullish MACD cross and an RSI rising into overbought territory, offering a high-probability entry. Exiting near the RSI peak above 73 or the upper Bollinger Band break could have captured a large portion of the rally. These signals appear to align with the observed price action and could be tested further with a verified dataset.