Summary
• Price fell from 0.01212 to 0.01148, forming bearish engulfing patterns and a key breakdown below 0.01171.
• RSI and MACD showed bearish momentum divergence with price during the late session.
• Volume spiked during the breakdown at 0.01171, confirming bearish conviction.
• Bollinger Bands showed moderate volatility expansion, with price near the lower band.
• Fibonacci retracement levels suggest potential support at 0.01139 and 0.01162.
Tutorial/USDC (TUTUSDC) opened at 0.01208 on 2025-12-17 at 12:00 ET, reached a high of 0.01216, a low of 0.01133, and closed at 0.01148 at 12:00 ET the following day. Total volume was 1,747,882, with a notional turnover of approximately $20,903 at current pricing levels.
Structure & Formations
A bearish engulfing pattern formed during the 18:30–19:30 ET window, signaling a likely reversal from short-term buying pressure. A doji at 0.01171 indicated indecision, followed by a breakdown confirming bearish momentum. Key support levels at 0.01162 and 0.01139 were identified via Fibonacci retracements from the 0.01216–0.01133 swing.
Moving Averages
The 20- and 50-period moving averages on the 5-min chart crossed below the price during the 19:30–20:15 ET window, confirming bearish bias. Daily MA indicators (50/100/200) were not available for this timeframe, but the price remains below all 5-min MAs.
MACD & RSI
The MACD turned negative during the 19:00–19:30 ET window, confirming bearish divergence. RSI moved into oversold territory near 0.01148 but failed to rebound meaningfully, suggesting continued bearish pressure.
Bollinger Bands
Price touched the lower Bollinger Band at 0.01133, indicating oversold conditions. The band width expanded moderately during the breakdown phase, signaling increased volatility.
Volume & Turnover
Volume surged during the breakdown at 0.01171 and 0.01148, supporting the move lower. However, turnover did not spike proportionally, suggesting possible liquidity thinning at those levels.
Forward Outlook
The breakdown below 0.01171 has increased the likelihood of a test of support at 0.01139 in the next 24 hours. While RSI near oversold levels may hint at a short-term bounce, the dominant bearish structure suggests continued downward pressure unless there is a strong reversal signal. Investors should be cautious of thin liquidity and potential gaps if key support levels are violated.
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