Market Overview for Tutorial/USD Coin (TUTUSDC) – 2025-09-10

• Price declined from 0.0682 to 0.06787 amid bearish bias and high volatility.
• 24-hour volume surged to ~108,966 units, but turnover was muted, suggesting weak conviction.
• A deep pullback below the 0.06724 level raises Fibonacci risk into 0.06667.
• RSI and MACD suggest oversold conditions, hinting at potential bounce or consolidation.
• Bollinger Bands show tight compression, signaling a likely breakout direction in the next 24 hours.

At 12:00 ET on 2025-09-10, Tutorial/USD Coin (TUTUSDC) opened at 0.0682 and closed at 0.06787 after a 24-hour low of 0.06667. Total volume reached ~108,966 units, with a notional turnover of ~$7,323 (based on 0.06787 average). The asset has traded in a bearish channel, with several key support and resistance levels emerging as price consolidates near critical psychological and Fibonacci thresholds.

Structure & Formations

The 24-hour timeframe shows a bearish continuation pattern with a notable breakdown below the 0.06724 level, confirming a key support-turned-resistance. The candlestick formation near 0.06692–0.06685 suggests a potential exhaustion bar, indicating short-term bearish fatigue. A small bullish engulfing pattern emerged near 0.06792–0.06794 during the early morning hours, hinting at possible short-term reversal or consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a bearish crossover, reinforcing the downward trend. The 50-period line is near 0.06772, and the 100-period line is at 0.06788. On the daily chart, the 200-period line is at ~0.06798, suggesting that a close below this level could trigger further bearish momentum.

MACD & RSI

The 15-minute MACD is in bearish territory with negative divergence, signaling weakening momentum. RSI is currently at ~29, indicating oversold conditions. This suggests a potential bounce in the near term, though a reversal is not confirmed without a strong break above the 0.06797 level. A retest of the 0.06724–0.06731 area could trigger a bounce, but a break below 0.06667 would open the door to 0.06645.

Bollinger Bands

Bollinger Bands have tightened significantly over the last 48 hours, signaling a potential breakout. Currently, the price is near the lower band (~0.06667–0.06686), reinforcing the bearish bias. A breakout above the upper band would require a move back above 0.06818–0.06825 to signal a reversal, but the current momentum remains skewed to the downside.

Volume & Turnover

Volume spiked sharply near 0.06692–0.06685 and at 0.06721, with heavy selling pressure confirmed by the large notional volume. Turnover, however, remained muted during these moves, suggesting limited conviction. A divergence between rising volume and falling price could indicate increased bearish exhaustion, but confirmation of a reversal is pending.

Fibonacci Retracements

Fibonacci levels from the recent high of 0.06853 to the low of 0.06667 show the 38.2% retracement at ~0.06762 and the 61.8% at ~0.06721. The price currently hovers near the 61.8% level, which could serve as a short-term pivot. A break below 0.06667 would extend the retracement to the 78.6% level at ~0.06645.

Backtest Hypothesis

The backtesting strategy under consideration targets Fibonacci retracement levels combined with volume confirmation. A short trade could be initiated on a break below the 61.8% retracement level (0.06721) with a stop-loss above the 0.06762 resistance. A long trade may be considered if TUTUSDC breaks above the 0.06818–0.06825 resistance with confirmation from volume and RSI. The strategy would use a trailing stop to capture potential directional moves while managing risk.