Market Overview for EURC/USDC on 2025-12-26

Summary
• EURC/USDC traded in a tight range with a late bullish breakout near 1.1790.
• Momentum shifted upward after 03:00 ET, with RSI indicating oversold reversal.
• Bollinger Bands narrowed mid-day before a sharp price move and volatility spike.
• Volume surged during the 02:30–03:45 ET window, confirming the bullish break.

EURC/USDC opened at 1.1788, reached a high of 1.1803, and a low of 1.1775, closing at 1.1783 by 12:00 ET. Total volume amounted to 13,675,109.3, and notional turnover reached 15,890,091.5 EURUSDC over the 24-hour window.

Structure & Formations

Price action revealed a tight consolidation between 1.1780 and 1.1790 before a breakout to 1.1803. A bullish engulfing pattern formed around 03:15–03:45 ET, signaling a reversal from oversold conditions. Key resistance appears at 1.1803, with support now likely at 1.1782–1.1783.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA around 04:00 ET, confirming a shift in short-term momentum. Daily MAs remain unchanging due to the limited time frame, with no significant crossover yet.

Momentum and Volatility

RSI dipped into oversold territory below 30 at 02:45 ET, followed by a sharp upward reversal. MACD turned positive at 03:15 ET, aligning with the bullish breakout. Bollinger Bands constricted between 1.1780 and 1.1788 before expanding as volatility increased.

Volume and Turnover

Volume spiked during the critical 02:30–04:00 ET period, reaching a peak of 402,282.41 at 02:30 ET. This coincided with a strong price move, suggesting institutional buying. Turnover aligned with volume, with no notable divergence observed.

Fibonacci Retracements

A 5-minute swing from 1.1778 to 1.1803 saw a 61.8% retracement at 1.1790, which was tested and held. A daily retracement of a larger swing remains unformed but may appear if the current trend continues.

The EURC/USDC pair appears poised for a test of the 1.1803 resistance level, which could attract selling pressure or consolidation. If this level holds, traders may watch for a retest of 1.1782 as support in the next 24 hours. Investors should remain cautious as a breakout could trigger renewed volatility.