Market Overview for TerraClassicUSD/Tether (USTCUSDT)

Summary
• Price dropped 8.7% during the 24-hour period, with a bearish breakdown below key support levels.
• Volume increased significantly during the downward trend, confirming the bearish momentum.
• RSI approached oversold territory, hinting at possible short-term bounces or consolidation.
• Volatility expanded as price hit a 5-day low, indicating a potential shift in sentiment.

USTCUSDT opened at $0.01175 on 2025-12-10 12:00 ET, reached a high of $0.01245, a low of $0.01043, and closed at $0.01045 on 2025-12-11 12:00 ET. Total volume over the 24-hour window was 689,969,595.0, with a notional turnover of $7,447,442.84 (assuming 1 USTC = $1.00 for turnover calculation).

Structure & Formations

USTCUSDT formed a bearish breakdown pattern after failing to reclaim the $0.01176–$0.01234 range, which had acted as resistance. A long lower shadow and a series of bearish engulfing candles confirmed the breakdown. A key support level appears to have shifted to $0.01043–$0.01052 after the price closed near the lower end of a recent consolidation.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages both sloped downward during the session, confirming the bearish bias. On the daily chart, the price closed below the 50-period and 200-period moving averages, suggesting medium-term bearish sentiment.

MACD & RSI

The 12-hour period saw MACD diverge from price as the RSI dipped into oversold territory (below 30). While this may hint at a near-term bounce, the bearish MACD crossover remains intact, suggesting further downside could be in play unless a strong bullish reversal occurs.

Bollinger Bands

Volatility expanded significantly during the latter half of the session, with the price closing near the lower band of the Bollinger Bands. This indicates a possible exhaustion of the current downward move, but without a clear reversal signal, the risk of a further pullback remains.

Volume & Turnover

Volume spiked during the price breakdown, particularly between 19:00 and 20:30 ET, confirming the bearish move. Notional turnover also increased during this period, aligning with price action and suggesting active selling pressure rather than a divergence.

Fibonacci Retracements

On the 5-minute chart, the price found a temporary floor at the 61.8% Fibonacci retracement level of the recent $0.01176–$0.01234 move. On the daily chart, the 38.2% retracement level of the prior rally at $0.01056 acted as a soft support, which was eventually broken.

Looking ahead, USTCUSDT appears to be in a bearish phase with a likely test of $0.0102–$0.0105. Investors should watch for a potential bounce or further breakdown. A failure to hold above $0.0104 may increase the risk of a deeper correction over the next 24 hours.