Market Overview for Tutorial/USDC (TUTUSDC) – 2025-11-09

Summary
• Price opened at $0.01867, reaching a high of $0.02055 and a low of $0.01842, closing at $0.01992.
• Notable 15-minute bullish engulfing and bearish divergence patterns observed after 23:00 ET.
• Volatility and turnover spiked during the 16:00–17:00 ET window, reflecting increased speculative interest.

Tutorial/USDC (TUTUSDC) opened at $0.01867 at 12:00 ET−1 and closed at $0.01992 at 12:00 ET on 2025-11-09, with a high of $0.02055 and a low of $0.01842 during the 24-hour window. The pair traded a total volume of 7,832,340 tokens, with a notional turnover of approximately $155.55 million. The price action showed moderate bullish momentum late in the session, especially after 16:00 ET, with several breakout attempts forming on the 15-minute chart.

Structural patterns suggest key support at $0.0191–$0.0193 and resistance near $0.0195–$0.0197. A notable bullish engulfing pattern formed at 23:00 ET, followed by a bearish divergence in the 02:00–03:00 ET window, indicating mixed sentiment. The 20-period and 50-period moving averages on the 15-minute chart showed a slight bullish crossover during the 10:00–11:00 ET period, aligning with the mid-session price bounce.

The RSI fluctuated between overbought and neutral zones, peaking at 72 in the 16:00–17:00 ET window, suggesting short-term exhaustion from the upward move. The MACD showed a bullish crossover at 07:30 ET, confirming the morning rally but failed to sustain momentum past 10:00 ET. Bollinger Bands expanded during the 16:00–17:00 ET surge, reflecting heightened volatility and speculative activity.

Fibonacci retracement levels based on the key swing from $0.01842 to $0.02055 indicate 61.8% retracement at $0.01953 and 38.2% at $0.01991. The price closed near the 38.2% level, suggesting potential for a test of the 61.8% zone in the next 24 hours. Volume spiked during the 16:00–17:00 ET window, reaching 593,529 tokens, while turnover reached $11.78 million. This confirms strong speculative buying, though a divergence between price and volume after 17:00 ET may hint at waning momentum.

TUTUSDC appears to be in a moderate consolidation phase after a sharp intra-day move. The key to the next move lies in whether the 15-minute bullish signals around 23:00 ET can be followed through, or if bears reclaim control from $0.0191 and below. Investors may watch for a break of either $0.01955 (resistance) or $0.01910 (support) to determine next-day direction.

Backtest Hypothesis
The provided backtest strategy for BLSH.N (not directly applicable to TUTUSDC) leverages candlestick patterns—specifically the Bullish Engulfing—to trigger entries. While TUTUSDC showed similar bullish engulfing formations during the session, a direct replication of the strategy would require testing on this asset. Key indicators like RSI, MACD, and volume could serve as confirmation tools for such a pattern-based approach. A backtest using TUTUSDC's 15-minute data would need to incorporate these indicators to refine the strategy’s robustness, particularly in identifying high-probability entries and exits.