Market Overview for Tutorial/USDC (TUTUSDC)

Summary
• Price dropped from 0.01442 to 0.01348, forming bearish divergence on volume and price.
• Oversold RSI and a 20-period MA cross confirmed short-term bearish momentum.
• Bollinger Band contraction preceded a sharp move, suggesting increased volatility.
• Key support at 0.01348 tested, with potential resistance at 0.01445 if buyers return.
• Volume spiked during the decline, indicating strong bear pressure.

At 12:00 ET − 1, Tutorial/USDC opened at 0.01442, reached a high of 0.01473, and closed at 0.01348 by 12:00 ET on 2025-12-11. The 24-hour volume totaled 954,281.0 units, with a notional turnover of approximately $13,036. The price action displayed a bearish trend, marked by a 0.66% drop from its peak.

Structure & Formations

The 5-minute chart revealed a sharp bearish breakdown, with price forming several engulfing patterns and a long lower shadow near 0.01348, suggesting a potential short-term bottoming process.

A key support level appears to be forming at 0.01345–0.01348, while resistance retested at 0.01436 and 0.01445 during pullbacks. No notable doji or bullish reversal patterns were observed during the session, reinforcing the bearish bias.

Moving Averages

On the 5-minute chart, the 20-period MA crossed below the 50-period MA in the afternoon, confirming a short-term bearish trend. The 50-period MA currently sits above 0.01425, while the 100 and 200-period daily averages were not crossed but remained above the current price, reinforcing the longer-term bearish setup.

MACD & RSI

The MACD turned negative and remained in bearish territory throughout the session, with a divergence observed between price lows and MACD lows. The RSI dropped to 28 near the close, entering oversold territory, suggesting a potential pause or bounce in the near term. However, without a bullish signal, this may only offer a temporary reprieve.

Bollinger Bands

Price moved below the lower Bollinger Band in the evening and remained there until the close, indicating high volatility and bearish momentum. A contraction in band width was noted around 19:00–20:00 ET, followed by a sharp expansion. This may suggest an increased likelihood of a rebound in the next 24 hours, though bear pressure remains strong.

Volume & Turnover

Volume surged during the price breakdown, particularly between 20:00 and 22:00 ET, as price fell from 0.01455 to 0.01407. However, during the last 5–6 hours, volume has declined, suggesting potential exhaustion of sellers. A divergence between price and volume could hint at a near-term pause or reversal, though confirmation is needed.

Fibonacci Retracements

Applying Fibonacci levels to the 5-minute swing from 0.01442 to 0.01407, price appears to be testing the 61.8% retracement level at approximately 0.01348. On the daily chart, a larger retracement from the 0.01473 high to the 0.01348 low shows 61.8% at 0.01436, which has been a key resistance level.

Price may find a temporary floor near 0.01348–0.01345, but further consolidation or a break below that level could trigger renewed bearish momentum. Investors should closely monitor volume and RSI for signs of a rebound or continued sell-off in the next 24 hours. As always, sharp volatility and volume spikes pose risks for both long and short positions.