Market Overview for TerraClassicUSD/Tether (USTCUSDT)

Summary
• Price tested 0.00730–0.00739 resistance cluster before retracting to key support at 0.00710–0.00720.
• RSI suggests moderate momentum with no overbought or oversold signals.
• Volume and turnover rose during consolidation near 0.00730, showing buyer interest.
• A potential bullish engulfing pattern formed during the overnight recovery.
• MACD trend neutral, with a slight bullish crossover hinting at potential short-term upward bias.

USTCUSDT opened at 0.00724 on 2026-01-06 12:00 ET, reaching a high of 0.00745 before falling to a low of 0.00709, and closing at 0.00715 by 12:00 ET on 2026-01-07. Total 24-hour volume was 83,680,800.0, and notional turnover was approximately 572,500.0 USD.

Structure & Formations

Price formed a shallow bearish flag pattern during the afternoon decline, with resistance clustering at 0.00730–0.00739 and key support at 0.00710–0.00720. A potential bullish engulfing pattern emerged during the overnight recovery, suggesting a possible short-term reversal if buyers hold above 0.00730. A doji appeared at 0.00737, signaling indecision among traders.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart crossed bearishly after midday, reinforcing the short-term pullback. On the daily timeframe, price remains below the 50, 100, and 200-period moving averages, indicating continued bearish bias in the broader trend.

MACD & RSI

MACD trend remained neutral to slightly bullish during the overnight recovery, with a minor positive crossover forming at 0.00730. RSI moved between 50–58 during most of the session, indicating moderate momentum without signs of overbought or oversold conditions.

Bollinger Bands

Volatility expanded during the afternoon selloff, with price dropping to the lower band at 0.00710. Later in the session, price consolidated within a tighter range near the 0.00730 level, suggesting decreasing volatility and potential for a breakout or continuation pattern.

Volume & Turnover

Volume and turnover spiked during the 18:00–20:00 ET selloff, with a high of 8,459,438.0 volume and 60,553.49 USD turnover. Conversely, the recovery phase saw strong volume and turnover as well, with a notable 10,402,190.0 volume at 00:00 ET, confirming the strength of the bounce.

Fibonacci Retracements

Key Fibonacci levels on the 5-minute chart included 0.00734 (38.2%) and 0.00726 (61.8%) during the recovery wave. On the daily chart, a 38.2% retracement level at 0.00739 was tested twice but failed to break, indicating resistance above this level may persist.

Price could test the 0.00730–0.00739 cluster in the next 24 hours, depending on the strength of the overnight bullish reversal. Traders should monitor volume during the bounce to confirm whether the pattern holds. As always, volatility remains a risk, especially near key psychological levels.