Summary
•
breaks above 0.0065, forming bullish engulfing and piercing patterns near key resistance.
• Momentum in the 24-hour period suggests accumulation, with RSI hovering near 55–60, signaling moderate bullish momentum.
• Volatility swells sharply after 00:00 ET, with Bollinger Bands widening and turnover surging to 391k–400k range.
• Volume intensifies in the 03:00–04:30 ET window, coinciding with a high of 0.0072 and large bullish body formation.
TerraClassicUSD/Tether (USTCUSDT) opened at 0.00642 on 2026-01-02 at 12:00 ET, touched a high of 0.0072, a low of 0.00638, and closed at 0.00672 at 12:00 ET on 2026-01-03. Total volume was 391,133,498.0, and turnover amounted to 2,593,435.25.
Structure and Candlestick Formations
Price formation suggests a continuation of bullish momentum, particularly after 03:15 ET with a strong breakout above 0.0070. A large bullish candle formed between 03:15 and 03:30, followed by a consolidation phase. A bullish engulfing pattern was visible in the 00:15–00:30 ET window and a piercing pattern at 19:15 ET as the asset rebounded from 0.0065.
Trend and Moving Averages
The 5-minute chart showed USTCUSDT crossing above its 20-period and 50-period moving averages by 04:00 ET. Daily averages (50, 100, 200) appear to be aligning with key support and resistance levels, with price staying above the 200-period average for much of the day.
Momentum and Volatility Indicators
RSI climbed above 55 after 00:00 ET and remained in a moderate bullish range, avoiding overbought territory. MACD lines showed a positive crossover near 02:00 ET, with the histogram expanding as bullish momentum increased. Volatility spiked after 00:00 ET, with Bollinger Bands expanding sharply to reflect increased uncertainty and trading range expansion.
Volume and Turnover Dynamics
Volume spiked significantly during the 03:15–04:30 ET window, coinciding with the high of 0.0072. Turnover increased in tandem with price highs, confirming the strength of the move. A divergence between price and volume was noted during the early morning consolidation phase, suggesting possible profit-taking.
Fibonacci Retracements
On the 5-minute chart, the 61.8% Fibonacci level at 0.0066 acted as support, which was broken by 03:30 ET. On the daily chart, a 50% retracement level at 0.0067 appeared to hold during consolidation, suggesting it may continue to serve as a key psychological level.
USTCUSDT appears to be entering a phase of higher conviction buying after a strong late-night rally. While bullish momentum seems intact, increased volatility and divergences suggest caution for the next 24 hours. Investors should watch for a pullback near the 0.0067–0.0068 range for possible reentry opportunities.
Comments
No comments yet