Market Overview for TUTUSDC on 2025-09-24

• Price surged 7.2% during a 90-minute bullish breakout, reaching $0.08825 before consolidating.
• RSI hit 70+ during the rally, signaling overbought conditions and potential for near-term profit-taking.
• Volatility spiked after 03:30 ET with a 15-minute OHLCV of $0.08719 and volume of 1.18M, suggesting strong buying pressure.
• Price found support at $0.0865–0.0867 and tested key Fibonacci levels from the prior 15-minute bearish swing.
• MACD crossed above signal line midday, confirming the strength of the bullish reversal after hours of sideways consolidation.

TUTUSDC opened at $0.08334 at 12:00 ET − 1 and surged to a high of $0.08825 before closing at $0.08738 at 12:00 ET. The 24-hour range was $0.08068 to $0.08825. Total volume was 11.76M units, and notional turnover amounted to $1,014,857. The price action suggests a reversal after a deep correction into support, followed by a sharp rebound driven by strong buying momentum.

Structure & Formations

TUTUSDC formed a bullish engulfing pattern starting at 03:45 ET, confirming a reversal from a 15-minute bearish trend. A key support zone was identified at $0.0865–0.0867, where price found bids after a sharp drop. Later in the session, price tested the 61.8% Fibonacci retracement level from the 03:30–05:30 correction at $0.0870–0.0872, which held as dynamic support before a breakout. The 38.2% level at $0.0875 became a short-term resistance, but volume confirmed a breakout with a 15-minute candle printing $0.0875 as low and closing at $0.0875.

Moving Averages and Bollinger Bands

On the 15-minute chart, the 20-period and 50-period moving averages crossed above price after 03:30 ET, confirming a bullish crossover. The 50-period MA remained under the price for most of the day, reinforcing the strength of the reversal. Bollinger Bands showed a contraction during the consolidation phase from 00:00–03:00, followed by a sharp expansion after 03:30. Price closed the session above the upper band, indicating high volatility and strong momentum.

MACD & RSI

MACD crossed above the signal line at 04:00 ET, with a histogram expanding positively through the morning. The RSI peaked at 70 during the 03:45–04:00 period, indicating overbought conditions, but remained elevated into the late morning as buyers continued to step in. The RSI crossed back below 70 by 06:00, suggesting potential for a pullback, though volume continued to support bullish action.

Volume and Turnover

Volume surged during the 03:30–04:45 period, with a 15-minute candle at 03:45 printing 1.18M in volume and $0.08719 in turnover. This coincided with the breakout from the 0.0865–0.0867 support zone, confirming strong institutional or large-cap investor participation. Later in the session, volume normalized, but remained above average, indicating sustained buying interest. Price and turnover moved in tandem, validating the bullish momentum and reducing the risk of a false breakout.

Fibonacci Retracements

A key 15-minute bearish leg from $0.0882 to $0.0864 was used to calculate retracement levels. Price tested the 61.8% level at $0.0870–0.0872 and then the 38.2% at $0.0875, both of which acted as support before a breakout. The 50% level at $0.0873 was pierced during the late-morning rally, confirming the reversal. These levels suggest a potential continuation of the bullish trend if $0.0870 holds as support and $0.0880 is retested as resistance.

Backtest Hypothesis

A backtest strategy could be built around the bullish engulfing pattern and the 15-minute MACD crossover. A long position could be triggered at the close of the engulfing candle (03:45 ET), with a stop-loss placed below the 61.8% Fibonacci retracement at $0.0867 and a take-profit at the 38.2% level at $0.0875. Given the volume confirmation and RSI divergence, a trailing stop could be activated once the 50-period MA crossed below the price. This setup suggests a high-probability short-term trade with defined risk and reward.