Market Overview for Tutorial/USDC (TUTUSDC): 24-Hour Price Action and Key Indicators

• Price surged from 0.1035 to 0.1195 before retreating sharply, ending the session near 0.0888.
• A bearish breakdown below key support at 0.1035 confirmed weak short-term momentum.
• Volatility spiked during the mid-night collapse, with volume surging to 2.2 million.
• RSI hit overbought levels during the rally, followed by a sharp oversold divergence.
• Bollinger Bands expanded during the downtrend, indicating increased uncertainty and distribution pressure.

Opening at 0.1035 on October 5, 2025, and closing at 0.0888 on October 6, 2025, TUTUSDC reached a high of 0.1195 and a low of 0.084. The total volume traded over the 24-hour period was 18.8 million, with a notional turnover of approximately $2.08 million, based on average pricing.

Structure & Formations

Price formed a bearish engulfing pattern on the early morning 15-minute candles, confirming a sharp breakdown from 0.1195 to 0.09144 and eventually to 0.084. A key support level at 0.1035 was decisively broken, and price found temporary resistance at 0.09144 and 0.0971. A doji formed during the mid-morning consolidation near 0.086–0.087, signaling indecision. The overall structure suggests exhaustion in the rally phase and increased bearish conviction.

Moving Averages

The 15-minute chart showed price breaking below the 20- and 50-period moving averages, confirming short-term bearish momentum. On the daily chart, TUTUSDC is trading below its 50, 100, and 200-day moving averages, indicating a broader bearish bias and potential for further testing of long-term support zones.

MACD & RSI

The MACD turned negative in the late hours of October 5 and remained bearish, with a growing bearish histogram during the early morning selloff. RSI moved from overbought territory (75–80) to oversold (25–30) in under 6 hours, indicating a rapid reversal. This divergence between price and momentum suggests a high likelihood of further consolidation before a potential rebound.

Bollinger Bands

Volatility expanded significantly during the sharp downtrend, with price moving from near the upper band at 0.1195 to near the lower band at 0.084. This wide band expansion is a strong signal of distribution and exhaustion, and price is currently sitting near the lower band, suggesting limited downside near-term unless macro fundamentals worsen.

Volume & Turnover

Volume spiked to 2.2 million at 02:15 ET on October 6, coinciding with the breakdown of 0.1035. This large volume during a breakdown confirms the strength of the bearish move. However, turnover during this period only amounted to $186,000, indicating potential divergence between volume and value, which could hint at washout selling.

Fibonacci Retracements

Applying Fibonacci to the 0.084–0.1195 move, price is currently near the 61.8% retrace level (0.096). If this level holds, a bounce to 0.1035 could be expected. The 38.2% retrace level at 0.0898 is also in play as a potential short-term resistance.

Backtest Hypothesis

Given the sharp breakdown and confirmation of bearish momentum, a potential backtest strategy could involve a short entry at the close of the engulfing candle (0.09144), with a stop above the high of the prior swing high (0.1035) and a target at the next Fibonacci level (0.086–0.084). This approach would leverage the confirmed breakdown pattern, divergence in RSI, and strong volume confirmation. A trailing stop could be added on a close above 0.096 to protect gains.