Market Overview for TerraClassicUSD/Tether (USTCUSDT) – 2025-12-17

Summary
• Price surged past 0.0070–0.0071 resistance before retracting, failing to hold above 0.0073.
• Volume spiked sharply during the late-night rally, confirming strength but showing divergences in price action.
• RSI overbought conditions suggest possible near-term correction, while Bollinger Bands show expanding volatility.

USTCUSDT opened at 0.00677 on 2025-12-16 12:00 ET, surged to 0.00791, and closed at 0.00696 on 2025-12-17 12:00 ET. Total volume was 420.9 million, and turnover reached $29.3 million.

Structure & Moving Averages

Price formed a bullish engulfing pattern above 0.0070, followed by bearish divergence. The 20- and 50-period moving averages on the 5-minute chart were crossed multiple times, indicating choppy momentum. On the daily chart, price closed below the 50-day MA, suggesting bearish bias.

Momentum & Volatility

RSI hit overbought territory above 70 during the rally, indicating a potential pullback. Bollinger Bands expanded significantly during the late-night push, signaling increased volatility. A 61.8% Fibonacci retracement level at 0.0074 appears to have acted as a short-term ceiling.

Volume & Turnover Analysis

Volume surged during the rally above 0.0075, with the highest turnover at 0.0075–0.0076. However, as price declined after 0.0076, volume dropped, suggesting weakening bullish conviction.

Outlook and Risk

Price appears to be consolidating between 0.0069 and 0.0073. A break below 0.0069 may test support at 0.00676, while a rebound above 0.0073 could signal renewed bullish intent. Investors should remain cautious as volatility remains high and divergences suggest potential reversal.