Market Overview: Threshold/USDC (TUSDC) — 24-Hour Technical Breakdown

Summary
• Price consolidated near 0.00943 before breaking higher, forming a bullish engulfing pattern at 0.00958.
• Volatility surged in early morning ET with large volume spikes, confirming the recent bullish breakout.
• RSI approached overbought territory while Bollinger Bands tightened in the early session, suggesting a potential reversal or continuation.
• 20-period 5-min MA crossed above price at 0.00949, indicating short-term bullish momentum.
• Fibonacci retracement levels (0.00958-0.00979) appear to be acting as a key support cluster and potential near-term target.

Threshold/USDC (TUSDC) opened at 0.00943 on 2026-01-12 12:00 ET and reached a high of 0.01017 before closing at 0.00982 on 2026-01-13 12:00 ET. The 24-hour volume was 2,066,913.8 and the notional turnover was $20,126.94.

Structure & Formations

A bullish engulfing pattern emerged around 0.00958, signaling a potential reversal from consolidation to an uptrend. Price then formed a series of higher highs and higher lows, with 0.00943 acting as a strong support zone and 0.00958–0.00979 forming a key cluster of Fibonacci retracement levels.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above price around 0.00949, indicating short-term bullish momentum. The daily chart shows price above the 50-period MA but approaching the 200-period line, suggesting a potential test of long-term bullish conviction.

Momentum and Volatility

The RSI approached overbought levels near 70 during the morning ET rally, indicating aggressive buying pressure. Bollinger Bands constricted in the early morning before a sharp price and volume expansion, suggesting a breakout from a period of consolidation.

Volume and Turnover

Volume spiked to over 92,523.5 units in the 07:00–09:45 ET window, coinciding with the major price surge. Turnover also surged in tandem, showing no major divergence between volume and price action, which supports the validity of the breakout.

Looking ahead, TUSDC may test the 0.01002–0.01017 range, with a potential pullback to the 0.00982–0.00979 support area. Investors should remain cautious of overbought conditions and a possible near-term correction.