Market Overview for Tutorial/USDC (TUTUSDC)

Summary
• Price opened at 0.01645 and closed at 0.01580 after a volatile 24-hour session.
• A bearish engulfing pattern formed near the 0.01665 level, signaling potential reversal.
• Volume spiked to 467,453 at 09:15 ET but was not matched by a corresponding price rebound.
• RSI hit overbought territory at 72, but closed near 30, showing bearish momentum.
• Bollinger Bands widened during the session, indicating heightened volatility.

The 24-hour session for Tutorial/USDC (TUTUSDC) opened at 0.01645 on 2026-01-02 12:00 ET and closed at 0.01580 at 2026-01-03 12:00 ET. The pair reached a high of 0.01693 and a low of 0.01577, with total trading volume of 4,695,464 and a notional turnover of 76,688.5.

Structure & Formations

Price initially tested resistance at 0.01665 before forming a bearish engulfing pattern, a reversal signal. Support levels emerged around 0.0165, 0.01635, and 0.01615, while key resistance levels were identified at 0.01665 and 0.01675. A bearish breakdown below 0.01615 could target the next Fibonacci level at 0.01595 (38.2%).

Moving Averages

On the 5-minute chart, the 20-period moving average (0.01655) crossed below the 50-period line (0.01659), forming a death cross. Daily MAs remain neutral, with the 200-period line at 0.01645, suggesting long-term buyers may still be active.

MACD & RSI

The MACD line turned negative after 05:00 ET, confirming bearish momentum. RSI peaked at 72 before falling to 30, indicating oversold conditions may develop if the 0.01577 low holds.

Bollinger Bands

Bollinger Bands expanded significantly during the early morning hours, reflecting heightened volatility. Price closed near the lower band, suggesting a potential rebound in the near term.

Volume & Turnover

Volumes surged during the 09:15 ET candle (467,453 units), but the price failed to hold above 0.01618, highlighting weak conviction in the bounce. Notional turnover peaked at $7,644 during the same period, showing divergence with price action.

Fibonacci Retracements

From the swing high at 0.01693 to the low at 0.01577, key Fibonacci levels of 0.01665 (38.2%), 0.01645 (50%), and 0.01618 (61.8%) were tested. Price is currently near the 61.8% level and may consolidate before deciding the next directional bias.

If the 0.01577 low holds, buyers could test the 0.01618 level on a rebound. However, a break below 0.01577 may open the door to 0.01550. Investors should monitor volume for signs of conviction and watch for any bullish divergence in RSI to confirm a near-term reversal.