Market Overview for Threshold/USDC on 2026-01-15

Summary
• TUSDC tested key support near 0.00995, forming a bearish engulfing pattern at 0.00977.
• Volume surged during the 17:45–19:00 ET window, confirming bearish momentum.
• RSI entered oversold territory below 30 during early morning hours, suggesting potential bounce.
• Price remained within a tightening Bollinger Band range during consolidation phases.
• Fibonacci retracement levels at 0.00994 (38.2%) and 0.01002 (61.8%) appear relevant in near-term trading.

24-Hour Price and Volume Summary

Threshold/USDC (TUSDC) opened at 0.01018 on 2026-01-14 at 12:00 ET, reached a high of 0.01028, and a low of 0.00995 before closing at 0.00988 at 12:00 ET on 2026-01-15. Total volume for the 24-hour period was 5,158,179.9, while turnover amounted to 51,207.68 USDC.

Structure and Key Levels

The 24-hour candlestick data shows a bearish bias with a broad range between 0.01028 and 0.00995. Key support appears to be forming near 0.00994 (38.2% retracement from the high), with 0.01002 (61.8% retracement) as a critical resistance on the way up. A bearish engulfing pattern formed at the 0.00977 level, indicating potential bearish momentum. The 0.01013–0.01018 range appears to be a contested area with multiple reversals.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages both trended downward during the bearish phase, confirming the bias. MACD showed bearish divergence during the 18:00–20:00 ET window, with RSI dropping into oversold territory (below 30) during the overnight hours. While this suggests a potential bounce, a retest of key support levels may still occur before a reversal is confirmed.

Bollinger Band Behavior and Volatility

Bollinger Bands showed a contraction during the consolidation phase between 02:00 and 04:00 ET, followed by a breakout toward the lower band. Price remained near the lower band during the final hours of the 24-hour window, signaling high volatility and a potential continuation of the downward trend.

Volume and Turnover Analysis

The highest volume and turnover occurred between 17:45 and 19:00 ET, as price declined sharply from 0.0102 to 0.01006. This volume confirmed the bearish move. However, after 04:00 ET, volume dried up significantly despite price continuing to trend lower, suggesting weakening momentum. A divergence between price and volume may indicate an impending pause or reversal.

Forward-Looking View

In the next 24 hours, a test of 0.00994 support could trigger a short-term bounce or continuation depending on volume. Traders should remain cautious of a potential overbought bounce off this level, but bearish momentum is still strong. A sustained close above 0.01002 would be a positive sign for reversal, while a break below 0.00995 could accelerate the downtrend.