Market Overview for Tutorial/USDC (TUTUSDC) on 2025-12-23

Summary
• Price surged from $0.01262 to $0.01298 before retracing to close at $0.01287.
• Key resistance at $0.01298 and support at $0.01276 appear to define a consolidation range.
• Volume spiked sharply at $0.01298, indicating short-term accumulation.
• RSI shows moderate momentum with no clear overbought or oversold signals.
• Volatility expanded during the upward push, but has since contracted into a range.

Market Overview

Tutorial/USDC (TUTUSDC) opened at $0.01262, reached a high of $0.01298, and closed at $0.01287 by 12:00 ET. The 24-hour range was between $0.01262 and $0.01298. Total volume was 2,289,422 units, with $30,512 in turnover.

Structure & Formations

The price movement shows a clear test and retest of resistance at $0.01298 and support at $0.01276.

A bullish engulfing pattern formed around $0.01276 as the price rebounded, suggesting possible short-term buying interest. A doji at $0.01289 indicates indecision during the consolidation phase.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages both trended upward during the rally but have since flattened near $0.01284–$0.01286. Daily averages are not provided in the dataset.

Momentum and RSI

The RSI fluctuated between 45 and 55 over the 24-hour period, showing moderate momentum without hitting overbought or oversold levels. The MACD moved into positive territory during the rally but has since returned to neutral.

Volatility and Bollinger Bands

Bollinger Bands expanded during the push toward $0.01298 before narrowing into a consolidation phase. Price has since remained within the bands, indicating reduced volatility and a potential pause in directional movement.

Volume and Turnover

Volume spiked sharply at $0.01298 with a candle showing 701,089 units traded. Notional turnover aligned with this volume spike, suggesting accumulation rather than distribution.

Fibonacci Retracements

A 5-minute retracement from the high at $0.01298 to the low at $0.01276 suggests key levels at 38.2% ($0.01287) and 61.8% ($0.01281). The current close at $0.01287 sits near the 38.2% retracement level, which could act as a magnet for further consolidation or breakout.

Looking ahead, the immediate focus will be on whether the price can hold above $0.01281 to build a base for a new upward move or if it will retest $0.01276. Investors should monitor volume for signs of exhaustion or renewed buying interest.