Market Overview for Tutorial/USDC (TUTUSDC) - 24-Hour Analysis as of 2025-11-13

• Price fluctuated between $0.0176–$0.0185 over 24 hours, forming a consolidation pattern.
• Volume increased significantly around the $0.0182–$0.0183 range, hinting at support clustering.
• RSI hovered near the 50 level, indicating neutral momentum but no strong overbought or oversold signals.

The TUT/USDC pair opened at $0.01803 at 12:00 ET - 1 and reached a high of $0.0185 before settling at $0.01831 by 12:00 ET. The 24-hour trading range spanned $0.0176–$0.0185, with a total volume of 1,390,105 and a notional turnover of approximately $24,948.

TUTUSDC has shown a pattern of consolidation, with multiple candle formations pointing to potential support near $0.0182 and resistance at $0.0185. A key formation occurred near $0.01825, where a bullish hammer and a small bullish engulfing pattern emerged, signaling possible short-term reversal. Additionally, a doji near $0.01788 indicated indecision earlier in the session.

The 20-period and 50-period moving averages (on the 15-minute chart) have been converging slightly, with the 50-period line acting as a potential dynamic support. On the daily chart, the 200-period moving average remains above the price, suggesting a longer-term bearish bias. Bollinger Bands show a moderate expansion in volatility, with price bouncing near the lower band early in the session and rising toward the mid-band. MACD remains neutral, with no strong divergence observed. RSI has not entered overbought or oversold territory, reinforcing the idea of range-bound trading.

Fibonacci retracement levels from the $0.0176–$0.0185 swing suggest that $0.0181–$0.0182 (61.8% retracement) is a strong support cluster. Traders should monitor this area for potential short-term buying pressure or a breakdown into $0.0177–$0.0178 (38.2% retracement) in case of a selloff.

The next 24 hours may see TUTUSDC testing its immediate support at $0.0182, with a potential bounce expected if bullish patterns continue to emerge. However, a break below $0.0180 could signal a deeper pullback. Traders should remain cautious due to the moderate volatility and the lack of a clear breakout.

Backtest Hypothesis

Given the limited availability of historical data for the TUTUSDC trading pair, a direct backtest for Bullish Engulfing patterns is not feasible at this time. However, the formation of a bullish engulfing pattern and a small hammer candle near $0.01825 suggests a potential setup for a short-term bullish trade. In a typical backtest strategy, these patterns are often used as entry signals, with a 5-day holding period and a stop-loss placed just below the support level. To proceed with a more robust evaluation, it would be necessary to confirm the exact symbol and data source for TUTUSDC or provide an alternative well-covered pair. Once data is secured, we could run the same strategy to assess its historical performance and reliability.