Market Overview for Threshold/USDC (TUSDC) — 2025-11-01

• Threshold/USDC (TUSDC) traded within a narrow range, with minimal price action and no significant breakouts
• Price hovered around 0.0124–0.01251, with no bearish or bullish momentum confirmed by RSI or MACD
• Low volume and turnover indicated subdued interest and limited participation
• No strong candlestick patterns formed, and Bollinger Bands showed minimal volatility
• Fibonacci levels 38.2% and 61.8% aligned with current consolidation, suggesting potential support/resistance ahead

Threshold/USDC (TUSDC) opened at 0.01244 on 2025-10-31 at 12:00 ET, reached a high of 0.01256, touched a low of 0.01224, and closed at 0.01256 at 12:00 ET on 2025-11-01. The total volume traded over the 24-hour period was approximately 194,833.8 units, while the notional turnover (volume × price) amounted to roughly $2,440.67. Price remained within a tight range, reflecting low volatility and limited trading interest.

The price of TUSDC consolidated within a 0.00032 range, with most of the 15-minute candles forming doji or small-bodied lines, indicating indecision and lack of directional bias. No strong reversal or continuation patterns such as bullish or bearish engulfing formed during the session. Key support levels were observed near 0.01236 and 0.01224, while resistance was found at 0.01248 and 0.01251. The price appears to have found a temporary floor near the 0.01236 level and tested the 0.01251 level multiple times, but failed to break out decisively.

Bollinger Bands reflected a period of contraction during the night and early morning, followed by a slight expansion after 07:30 ET as the price pushed higher. The price remained within the bands for most of the session, with the upper band acting as a cap during bullish attempts. The RSI indicator remained within the mid-range between 50 and 60, failing to signal overbought or oversold conditions. The MACD histogram showed no strong divergence or convergence, and the MACD line hovered around the signal line, suggesting no immediate directional momentum.

The 20-period and 50-period moving averages on the 15-minute chart were closely aligned, reinforcing the idea of consolidation. Fibonacci retracements from the recent 15-minute swing from 0.01224 to 0.01256 indicated potential support at 0.01240 (38.2%) and resistance at 0.01244 (61.8%), which coincided with price testing observed during the session. Over the next 24 hours, the market may continue to trade within the 0.01224–0.01256 range unless a larger macroeconomic or market catalyst emerges to break this equilibrium.

Backtest Hypothesis

A potential backtesting strategy involves identifying Bullish Engulfing patterns in the TUSDC price series to determine their predictive power for short-term reversals. However, due to the unavailability of historical price data for TUSDC, it is not possible to directly apply this strategy at this time. To proceed, the exact ticker symbol must be confirmed, or an alternative price series must be provided for analysis. If the data for TUSDC is unavailable, the same pattern-based strategy could be applied to similar stablecoin pairs, such as USDC/USD or USDT/USD, using their historical OHLCV data.