Market Overview for TerraClassicUSD/Tether (USTCUSDT) - October 9, 2025

• Price drifted lower, closing near the 24-hour low after early resistance failed.
• Momentum waned through the session as RSI and MACD showed bearish alignment.
• Volatility remained moderate, with price oscillating within a shrinking Bollinger Band range.
• Volume tailed off near the close despite a modest price rebound.
• Key support levels at 0.01076 and 0.01068 appear critical for near-term direction.

The TerraClassicUSD/Tether (USTCUSDT) pair opened at 0.01108 on October 8 at 16:00 ET and closed at 0.01078 on October 9 at 12:00 ET, reaching a high of 0.01125 and a low of 0.0106. Total volume across the 24-hour period was 55,334,466.0, while notional turnover amounted to approximately $6,043,331.00. Price action was bearish, with sellers dominating the latter half of the session.

Under the 15-minute chart, the pair failed to hold above 0.0111, triggering a downward correction. A key bearish engulfing pattern formed around 23:15 ET on October 8, confirming a shift in sentiment. Resistance levels at 0.0111 and 0.0112 proved ineffective, allowing the price to break through key psychological levels. Support appears clustered at 0.01076–0.01068, where Fibonacci retracements and Bollinger Bands converge. The 20-period and 50-period moving averages both dipped below the price, reinforcing the downtrend.

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Momentum indicators showed a clear bearish bias. The RSI fell into oversold territory below 30 during the late night hours, while the MACD showed a bearish crossover with a negative histogram. Bollinger Bands indicated a tightening range in the early part of the session, followed by a breakout to the downside after 00:00 ET. Volatility spiked during the sharp drop toward 0.01076, but volume failed to confirm the move, raising questions about conviction among sellers.

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The pair may test the 0.0106 support zone over the next 24 hours, though a rebound could be triggered if the 0.0108 level holds. A continuation of bearish momentum is probable without a strong break above 0.01095. Traders should remain cautious of potential volume divergence and the risk of a rapid retracement if short-term sentiment shifts.

Backtest Hypothesis

Applying a backtesting strategy that focuses on key Fibonacci retracement levels and Bollinger Band breakouts suggests a viable entry point may exist at 0.01068, which aligns with a 61.8% retracement of the previous downward swing. If price consolidates near this level with increasing volume and a bullish MACD crossover occurs, a short-term reversal could be validated. The strategy assumes a long position would be triggered on a close above 0.0109 with a stop-loss placed below 0.0106.

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