Market Overview for Tutorial/USD Coin (TUTUSDC) on 2025-09-05

• Price formed a bullish breakout from a consolidation range late into the 24-hour period.
• High volume and increasing turnover supported recent price strength after midday.
• RSI signaled moderate momentum with no overbought or oversold extremes.
• Bollinger Bands showed a contraction in the morning and widened in the afternoon.
• A key 0.0675 support level held through most of the session.

TUTUSDC opened at 0.06783 at 12:00 ET - 1, reached a high of 0.06913, and closed at 0.06898 by 12:00 ET. Total volume for the 24-hour period was 1,120,644.00, and notional turnover was approximately $76,852.65. The market saw strong late-day buying pressure with a sharp rise from consolidation.

Structure & Formations

Price showed a clear consolidation phase between 0.0675 and 0.0683 before breaking above the upper bound late in the session. A bullish breakout candle formed at 04:45 ET, with a close near the high, indicating strong demand. Later, a series of higher highs and closes from 05:00 ET onwards suggested a new short-term bullish trend. A key support level at 0.0675 was repeatedly tested and held, with a bearish rejection visible at 02:15 ET and again at 11:45 ET.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart showed a bullish crossover at around 05:00 ET, confirming the upward shift. By 08:00 ET, price was comfortably above both. On a daily basis, the 50- and 200-period averages were in a bullish alignment, with price above both, reinforcing the positive trend.

MACD & RSI

MACD turned bullish in the late morning with a clear crossover, and the histogram showed expanding positive momentum. RSI rose steadily through the afternoon, peaking near 60 before stabilizing, indicating strong but not extreme momentum. No overbought or oversold conditions were observed, suggesting the upward move remains balanced.

Bollinger Bands

Bollinger Bands showed a period of contraction from 01:00 to 04:00 ET, suggesting low volatility and expectation of a breakout. From 05:00 ET onward, the bands widened as the price moved aggressively upward, indicating a strong breakout and increased volatility. Price stayed near the upper band during the breakout and early continuation phase, reinforcing bullish sentiment.

Volume & Turnover

Volume was low in the early part of the session but spiked sharply after 05:00 ET, coinciding with the breakout. The largest 15-minute volume spike occurred at 12:15 ET, during the 0.06911 high, where volume reached 136,918. Turnover increased correspondingly, confirming the strength of the move. No notable divergence between price and volume was observed, indicating strong participation across the session.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key move from 0.0675 to 0.06913, the 0.382 (0.06825) and 0.618 (0.06866) levels were both tested and confirmed. Price found temporary support at both levels, with the 0.618 level acting as a pivot before the final push to the high. This suggests that the upward move is structurally sound and not a sharp overreaction.

Backtest Hypothesis

A backtesting strategy based on 15-minute candles that look for a bullish breakout from a consolidation range—confirmed by a close above the range and increasing volume—could be effective in this context. Entering on a breakout with a stop just below the consolidation range, with a target at the 0.382 or 0.618 Fibonacci level, appears to align with the observed price action. The 0.0675 level could act as an initial stop, with the 0.06898 high as a potential profit target. This strategy would benefit from MACD and RSI alignment to confirm entry and exit signals.