Market Overview for Turtle/USDC (TURTLEUSDC): 2025-11-02 24-Hour Summary

• Price rose 2.74% in 24 hours to close at $0.1277.
• Volatility increased with a 15-minute high-low range of 1.8% at peak.
• Volume surged on the final 3 candlesticks, confirming a bullish breakout.
• RSI remained below 60, suggesting moderate momentum and no overbought conditions.
• A bullish engulfing pattern formed near $0.1271, aligning with a key support level.

Turtle/USDC (TURTLEUSDC) opened at $0.1217 on 2025-11-01 12:00 ET, reaching a high of $0.1344 before closing at $0.1277 on 2025-11-02 12:00 ET. Total volume over 24 hours was 3,839,502.5 USDC, with notional turnover at $487,712.17. The price action showed a moderate bullish trend with increasing volatility and confirmed momentum at critical price points.

Structure & Formations

Price found strong support at $0.1212–$0.1215 in the early part of the session before rallying through key resistance levels at $0.1230 and $0.1250. A significant bullish engulfing pattern emerged at $0.1271 on the 15-minute chart, indicating potential continuation of the upward move. A minor bearish divergence also appeared in the late hours, suggesting potential near-term profit-taking.

Moving Averages

On the 15-minute chart, the 20-period moving average was rising through the 50-period line, forming a golden cross. For daily analysis, the 50-day SMA remained above the 100 and 200-day lines, affirming the long-term bullish bias.

MACD & RSI

The MACD histogram expanded into positive territory from the $0.1240 level, aligning with the bullish price action. RSI climbed to 58 at session close, indicating moderate momentum with room for further gains before reaching overbought territory.

Bollinger Bands

Volatility expanded in the final hours of the session, with price closing near the upper Bollinger Band at $0.1336. The widening bands suggest growing conviction in the upward move, but also caution about potential near-term consolidation.

Volume & Turnover

Volume surged on the final 3 candlesticks, particularly in the 03:30–04:15 ET window, with a 268,024.1 USDC volume spike on the 03:30 candle. Turnover also rose in tandem, confirming the price strength and reducing the probability of a false breakout.

Fibonacci Retracements

The key 15-minute retracement level at 61.8% (~$0.1260) held as support during early consolidation, while the daily $0.1240–$0.1336 swing saw price retesting the 50% level ($0.1288) before closing above it, suggesting continued bullish bias.

Backtest Hypothesis

A potential backtest strategy involves identifying Bullish Engulfing patterns on 15-minute candlestick charts, such as the one at $0.1271, and using them as entry signals. Given the current data limitations for TURTLEUSDC, however, a backtest cannot be performed without confirmation of a correct ticker or manual input of pattern dates. If confirmed, a 5-day holding period could be tested for profitability from 2022-01-01 to present. A similar approach could also be applied to more liquid assets like BLSH.N or HOLD.P to validate the strategy’s robustness.