Market Overview for Threshold/USDC (TUSDC) on 2025-12-29

Summary
• Threshold/USDC formed a bearish engulfing pattern at the high of 0.00932 after a short-lived rally.
• Momentum weakened into the close as RSI drifted near oversold territory with no immediate reversal sign.
• Volatility remained contained within a narrowing Bollinger Band structure, hinting at a potential breakout.
• Turnover surged at 02:45 ET, but price action failed to confirm strength, suggesting bearish conviction.
• A 61.8% Fibonacci retracement level near 0.00902 appears to have acted as a key short-term support.

Threshold/USDC (TUSDC) opened at 0.00932 at 12:00 ET–1 and traded between 0.00902 and 0.00932 before closing at 0.00902 at 12:00 ET. Total volume for the 24-hour period was 3,024,171.8, with a notional turnover of 26,996.64 USDC.

Structure & Moving Averages

Price action remained below the 50-period and 20-period moving averages on the 5-minute chart, reinforcing a near-term bearish bias. A test of the 20-period MA near 0.00905-0.00906 occurred multiple times, but failed to push above. Daily structure shows the 50-period MA near 0.00900, suggesting a possible floor if downward momentum continues.

Momentum and Volatility

Relative Strength Index (RSI) on the 5-minute chart trended lower throughout the session, dipping close to 25 at 05:45 ET and stabilizing near 30 by the close. The MACD histogram showed diminishing bearish divergence, but no bullish crossover. Bollinger Bands constricted during the low-volume hours of 03:30–06:30 ET, signaling a possible breakout or breakdown in the next 24 hours.

Volume and Fibonacci Levels

Trading volume surged at 02:45 ET with a candle forming near 0.00902—coinciding with a 61.8% Fibonacci retracement level from earlier highs. This appears to have drawn strong bearish interest. However, turnover did not confirm bullish resilience after the bounce. A key support zone now forms between 0.00897 and 0.00902, which may hold for now.

Looking ahead, a potential test of 0.00897–0.00902 support could trigger a deeper pullback if no reversal signs develop. A modest rally back toward 0.00915 may test the strength of short-term sellers, but caution is warranted as momentum remains weak.