Summary
• Price fluctuated between 0.00996 and 0.01026, forming a bullish engulfing pattern after midday.
• Volume surged to over 142k in early ET hours, coinciding with a 0.01004 close.
• RSI suggested moderate momentum with no clear overbought/oversold signals.
• Bollinger Bands widened midday, indicating rising volatility.
Threshold/USDC (TUSDC) opened at 0.00996 at 12:00 ET-1, reached a high of 0.01026, and closed at 0.01004 by 12:00 ET. Total volume was 1,423,159.9 and turnover was 14,375.09 USD.
Structure & Formations
Price formed a bullish engulfing pattern after 17:30 ET, as it moved from 0.00996 to 0.01003. Later, a small doji at 22:15 ET highlighted indecision. Key support levels emerged at 0.01003 and 0.0100, with resistance clustering at 0.01015–0.01019.
Moving Averages
On the 5-minute chart, the price traded above the 20-period and 50-period moving averages during peak volume hours. On the daily chart, no clear crossover between 50/100/200 MA lines was observed, indicating a continuation of consolidation.
MACD & RSI
MACD remained neutral with no clear divergence, while RSI hovered between 50 and 60 for most of the session, suggesting moderate bullish momentum without overbought conditions.
Bollinger Bands
Volatility expanded significantly around 19:45 ET, as the price moved from 0.01008 to 0.01016, breaching the upper band. This expansion often precedes a directional move, though no clear breakout occurred in the remaining session.
Volume & Turnover
Volume spiked multiple times, particularly after 22:30 ET and into the early hours of 01:00–02:00 ET, aligning with price consolidation. Notional turnover mirrored volume, with no divergence observed, suggesting aligned buyer and seller activity.
Fibonacci Retracements
Applying Fibonacci to the 5-minute swing from 0.00996 to 0.01026, price tested the 61.8% level (around 0.01014) before retracing, suggesting a potential bounce or continuation point for the next 24 hours.
The price appears poised to
key resistance near 0.01015–0.01019 over the next 24 hours. Traders may watch for a potential break above this range, though a retest of 0.01003 could see renewed near-term indecision. As always, volatility and volume should be closely monitored for confirmation of any directional bias.
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