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

Summary
• TUTUSDC traded in a volatile 24-hour range, with a notable pullback in the early morning.
• RSI suggests moderate momentum, with no overbought or oversold extremes observed.
• Volume spiked during late-night trading, indicating heightened market activity.

TUTUSDC opened at $0.01974 on 2025-11-10 at 12:00 ET and reached a high of $0.02017 before closing at $0.01965 on 2025-11-11 at 12:00 ET. The 24-hour low was $0.01915. Total volume amounted to 2,003,434.0, with a notional turnover of approximately $39,000, indicating moderate liquidity and market interest.

Structure & Formations

TUTUSDC's price formation reveals a series of bearish consolidation patterns throughout the 24-hour window, notably a large bearish engulfing candle in the early hours of 2025-11-11. A key support level appears to form around the $0.01965 mark, which held during a sharp pullback in the early morning session. Resistance remains visible at $0.01996, with multiple failed attempts to push above this level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a bearish divergence, with the 20 MA dipping below the 50 MA in the early morning session, signaling bearish momentum. On a daily basis, the 50 and 100-period moving averages are both bearish sloping, reinforcing the short-term bearish bias for TUTUSDC.

MACD & RSI

The 15-minute MACD histogram shows a narrowing of bearish momentum in the early morning, suggesting a potential stall in the downtrend. RSI oscillated between 40 and 60 for most of the 24-hour period, indicating balanced market sentiment with no overbought or oversold extremes. A slight bearish divergence was noted in the RSI in the last two hours of the period, aligning with the price pullback.

Bollinger Bands

Volatility expanded as the price approached key support levels in the early hours, with the price settling just below the lower band at $0.01965. The bands widened in the late-night and early morning hours, confirming increased volatility during the pullback phase. This suggests potential for a rebound or continued bearish pressure if the key support fails.

Volume & Turnover

Volume surged sharply during the late-night to early morning hours, coinciding with a significant price drop. Notional turnover also rose sharply during this period, reflecting increased selling pressure. However, volume during the consolidation period in the afternoon was relatively low, indicating weak follow-through from buyers. A divergence between price and volume during this time suggests caution may be warranted.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key 15-minute swing from $0.01965 to $0.02017, the price found support near the 61.8% level ($0.01989), before breaking below it. On the daily chart, the most recent swing high and low show a 61.8% retracement level at $0.01975, which held during the morning session. This suggests a potential area for further consolidation or reversal.

Backtest Hypothesis

To validate the above technical signals, a backtest strategy could be built around a moving average crossover and RSI divergence system. For example, a short signal could be triggered when the 20-period MA crosses below the 50-period MA on the 15-minute chart, and the RSI shows bearish divergence. A stop-loss could be placed above the nearest resistance level, while a take-profit target could be set at the 61.8% Fibonacci retracement level. This approach could be tested with historical price data to evaluate its effectiveness in capturing short-term bearish moves.