Market Overview for TerraClassicUSD/Tether (USTCUSDT)

Summary
• Price action showed consolidation between $0.00688 and $0.00708 with no decisive break.
• Volume surged in late ET hours, confirming a bullish reversal after a sharp pullback.
• RSI and MACD hinted at oversold recovery, but momentum remains mixed.
• Bollinger Bands narrowed before the final 5-hour expansion.
• A bullish engulfing pattern formed near the 0.00695 level, suggesting short-term support.

The TerraClassicUSD/Tether (USTCUSDT) pair opened at $0.00699 on 2026-01-15 at 12:00 ET, peaked at $0.00708, and found a low of $0.00688 before closing at $0.00707 on 2026-01-16 at 12:00 ET. Total 24-hour volume reached 37,764,462.0, with notional turnover of $257,046.42.

Structure & Formations

Price remained within a tight range between $0.00688 and $0.00708 for most of the session, forming multiple consolidation patterns. A bullish engulfing candle formed at the $0.00695 level following a sharp pullback, suggesting a potential short-term support area. A doji appeared near the session high, signaling indecision among buyers.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages remained close to the price, with the 50-period line slightly above the 20-period line, indicating a possible shift toward bullish momentum. Daily moving averages (50/100/200) remained largely unchanged, suggesting no clear trend in the longer term.

Momentum & Volatility

Relative Strength Index (RSI) dipped into oversold territory below 30 near the session low before recovering to neutral ground. Moving Average Convergence Divergence (MACD) showed a narrowing histogram and a weak positive crossover, indicating mixed momentum. Bollinger Bands showed a slight contraction in the morning before expanding in the late ET session.

Volume & Turnover

Volume surged in the final 5 hours of the session, particularly after the 5:30 AM ET candle, confirming a bullish reversal. Notional turnover also increased, with no notable divergence between price and volume. The final bullish candle saw the highest turnover of the session, suggesting accumulation.

Fibonacci Retracements

On a key 5-minute swing from $0.00688 to $0.00708, price tested the 61.8% Fibonacci level at $0.00703, where it found resistance. On the daily chart, no major Fibonacci levels were tested during the session, indicating a continuation of the consolidation phase.

The pair appears to be setting up for a potential breakout or continuation within a defined range. Traders may watch for a close above $0.00708 or a rejection below $0.00695 to confirm direction. However, caution is advised due to the high volatility and mixed momentum signals.