Market Overview for Turtle/USDC on 2025-12-25

Summary
• Price tested key support near 0.0585 before rebounding and forming a bullish engulfing pattern.
• RSI reached oversold territory, while volume surged during the rebound.
• Bollinger Bands widened in the afternoon, indicating rising volatility.

Turtle/USDC (TURTLEUSDC) opened at 0.0591 on 2025-12-24 at 12:00 ET, hit a high of 0.0610, a low of 0.0580, and closed at 0.0599 by 12:00 ET on 2025-12-25. Total 24-hour volume was 1,225,714.6 units with a turnover of $73,883.

Structure & Key Levels

The pair found strong support at 0.0585–0.0588 during the late night session, with a

. Resistance appears at 0.0605–0.0609, where price stalled multiple times during the morning hours. The 20-period 5-min MA crossed above the 50-period MA late morning, signaling a short-term bullish bias.

Momentum and Volatility

RSI dropped into oversold territory near 0.0585 but rebounded strongly, suggesting potential reversal. MACD turned positive in the early hours and remained above the signal line, indicating sustained buying pressure. Volatility spiked after 04:30 ET, with Bollinger Bands widening as the price ranged between 0.0587 and 0.0605.

Volume and Turnover

Volume increased sharply during the 0.0585–0.0593 rebound, with a single 5-min candle (05:45 ET) showing 52,467.9 units traded at 0.0597. Notional turnover spiked with the price action, showing strong alignment. No significant divergence was observed between price and volume.

Fibonacci Retracements

A key 5-min retracement level at 0.0593 (38.2%) held well before price pushed through to 0.0605–0.0609 (61.8%). On the daily chart, 61.8% retracement near 0.0613 could act as near-term resistance.

Turtle/USDC appears to be building momentum above critical support, with positive momentum indicators and strong volume. However, a pullback to test 0.0590–0.0593 could be imminent. Investors should remain cautious about potential profit-taking near 0.0605 and ensure stop-losses are in place for short-term trades.