Summary
• Price broke above 0.00902 and tested 0.00925–0.00938, with consolidation seen around 0.00925–0.00933.
• Volume surged over $187,000 at 00:45 ET, confirming strength after a morning rally.
• RSI remained neutral but showed early divergence ahead of consolidation, suggesting cautious optimism.
Threshold/USDC (TUSDC) opened at 0.00877 on 12/19 at 12:00 ET, reached a high of 0.00962, a low of 0.00877, and closed at 0.00933 on 12/20 at 12:00 ET. Total volume was 441,446.0 with a notional turnover of $4,114.2.
Structure & Formations
Price advanced from a consolidation base around 0.00886–0.00902 to test 0.00933–0.00943 before encountering resistance and retreating. A bullish breakout candle at 00:45 ET with high volume confirmed momentum. The 0.00933–0.00943 zone appears to be a developing support/resistance cluster.
Moving Averages
On the 5-minute chart, the 20SMA crossed above the 50SMA between 00:00 and 00:45 ET, signaling short-term bullish momentum. Longer-term daily MAs remain unavailable due to data limitations.
MACD & RSI
MACD turned positive at 00:45 ET, aligning with the price breakout and high volume. RSI peaked at 58–60 but failed to reach overbought territory, suggesting limited exhaustion. A mild divergence appeared as price continued to rally while RSI flattened, signaling possible near-term hesitation.
Bollinger Bands
Volatility expanded sharply during the 00:45 ET rally, with price peaking near the upper band. A subsequent contraction followed as price consolidated, suggesting a potential pause in directional movement before the next breakout.
Volume & Turnover
Volume spiked at 00:45 ET, reaching $187,000 in notional value, confirming the breakout above 0.00943. Turnover remained relatively steady during consolidation but showed a slight decline as price approached 0.00925–0.00933, indicating reduced conviction.
Fibonacci Retracements
Recent 5-minute swings from 0.00886 to 0.00943 align with 38.2% and 61.8% levels near 0.00919 and 0.00937, respectively. The current consolidation around 0.00925–0.00933 may test the 61.8% level as support ahead of a potential rebound.
TUSDC appears to be testing a new upper range after a morning breakout, with strong confirmation at 00:45 ET. If volume remains supportive and the 0.00933–0.00943 zone holds, further upside may be likely, though short-term divergence on RSI suggests caution. Investors should watch for a potential pullback to 0.00919 or a break above 0.00943 for confirmation of extended bullish momentum.
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