Market Overview for TerraClassicUSD/Tether (USTCUSDT)

Summary
• USTCUSDT tested key support levels, failing to hold above 0.00635 in late ET hours.
• Momentum shifted with RSI and MACD indicating short-term bearish pressure after a morning rally.
• Volatility expanded significantly during the 02:15–04:00 ET period, with over 74k USTC traded.
• Bollinger Bands widened, showing increased uncertainty as price drifted to 0.00627.

The TerraClassicUSD/Tether (USTCUSDT) pair opened at 0.00643 on 2025-12-29 at 12:00 ET, reaching a high of 0.00647 and a low of 0.00621 before closing at 0.0063 on 2025-12-30 at 12:00 ET. Total volume over the 24-hour window was 36,123,130.0 USTC, with a notional turnover of $229,639.

Structure & Moving Averages

The 5-minute chart showed a bearish breakdown below key support at 0.00635, confirmed by a 20-period moving average crossover. Daily moving averages at 50, 100, and 200 periods remained aligned bearishly, reinforcing the downward bias.

MACD & RSI

MACD turned negative around 02:15 ET with bearish divergence. RSI dipped below 30 during the early morning, signaling oversold conditions, though a rebound failed to break above 50.

Bollinger Bands

Bollinger Bands expanded between 0.00621 and 0.00636, suggesting rising volatility. Price found support near the lower band before retracing slightly.

Volume and Turnover

Trading volume surged past 11.5 million USTC between 02:15 and 04:00 ET, aligning with a drop to 0.00627. Notional turnover peaked at over $74k during this period, highlighting heightened bearish activity.

Fibonacci Retracements

A 61.8% Fibonacci retracement from the 0.00647 high to the 0.00621 low aligned with the 0.00634 level, which USTCUSDT briefly approached before reversing.

The market appears to be in consolidation after a sharp sell-off. A retest of 0.00627 could lead to further downside, but a rebound above 0.00635 may trigger short-covering. Investors should remain cautious for potential mean reversion or continuation depending on volume confirmation.