Summary
•
formed a bullish engulfing pattern near 0.00877 and pushed toward 0.009 before consolidating.
• Volatility expanded after 00:00 ET, with volume surging over 300k at the session high.
• RSI signaled overbought levels at the peak, hinting at potential short-term profit-taking.
• Price tested the 0.00881–0.00889 range twice, showing mixed buyers and sellers.
Threshold/USDC (TUSDC) opened at 0.00877 on 2026-01-02 at 12:00 ET and peaked at 0.009 before declining to a 24-hour low of 0.00874. It closed at 0.00874 at 12:00 ET on 2026-01-03. Total volume reached 679,327.5 with a turnover of 5,893.56
.
Structure & Key Levels
A bullish engulfing pattern formed at 17:00 ET as TUSDC broke above its prior bearish consolidation. Price then rallied to a 24-hour high at 0.009 before facing resistance from the 0.00881–0.00889 range. A bearish rejection at 0.00896 and the subsequent pullback to 0.00874 suggests a lack of consensus among buyers. The 0.00877 level appears to be a critical short-term support.
Momentum and Volatility
RSI approached overbought territory at 0.009 but failed to sustain the move, indicating possible exhaustion in the bullish wave. MACD showed a narrowing histogram after 00:00 ET, signaling waning momentum. Volatility expanded notably during the first 3 hours of the session, with Bollinger Bands widening to accommodate the move from 0.00889 to 0.009.
Volume and Turnover
Volume was concentrated around key turning points, particularly at 00:15 ET when TUSDC surged to 0.00896 on 313,578.8 volume. Turnover followed volume patterns closely, aligning with price spikes. However, no clear divergence was seen between volume and price, suggesting the moves were backed by liquidity.
TUSDC appears to be consolidating in a narrow range after the early morning rally, with key levels at 0.00874 and 0.00881 defining the current trading channel. A break above 0.00889 could signal renewed bullish interest, but for now, the price remains in a cautious consolidation phase. Investors should monitor the 0.00877 support level for signs of a potential reversal or a breakdown.
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