Market Overview for Tutorial/USDC (TUTUSDC): Sharp Bullish Move and High Volatility

• TUTUSDC rose 164.17% in 24 hours, breaking key resistance and reaching a 24-hour high of $0.119.
• Volatility surged in early trading, with a 40.1% intraday range and heavy volume spikes at breakout.
• RSI oversold at 25 in early hours, now overbought at 81, signaling potential short-term exhaustion.
• Price consolidated near 0.1055–0.1065, forming potential support with converging 50-period and 20-period MA.
• Bollinger Bands expanded as price diverged from the midline, indicating high volatility.

The price of Tutorial/USDC (TUTUSDC) opened at $0.08559 on 2025-10-04 12:00 ET and closed at $0.10966 on 2025-10-05 12:00 ET. During this 24-hour period, the asset reached a high of $0.119 and a low of $0.0975. Total volume traded was 203,218,891 units, with a notional turnover of $20,784,508. The price action reflects a strong bullish breakout driven by expanding volatility and sustained buying pressure.

Structure & Formations

The 15-minute chart shows a powerful reversal pattern unfolding after an initial bearish trend. From 19:45 to 22:45 ET, TUTUSDC formed a multi-hour bullish engulfing pattern, confirming a shift in sentiment. A key support level was identified around $0.105–0.106, where the price consolidated and bounced multiple times. A strong bearish rejection occurred at $0.119, forming a potential short-term resistance. The daily structure shows an ascending channel forming from the $0.0855–0.0905 base, now breaking above it decisively.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart converged around $0.1055–0.1065, with the price recently hovering above them, indicating bullish momentum. The 50-period MA on the daily chart has also been crossed to the upside, reinforcing the strength of the current rally. The 200-period MA, however, remains below the current price, suggesting the move is still in its early stage relative to longer-term trends.

MACD & RSI

The MACD on the 15-minute chart shows a strong bullish crossover and expanding histogram, confirming the recent upside thrust. The RSI spiked to 81 in the last 2 hours, signaling overbought territory and a possible pullback. However, the overbought condition may not be a concern in the short term given the momentum and the strength of the bullish move. A retest of the $0.106–0.107 range could trigger renewed buying interest.

Bollinger Bands

Bollinger Bands expanded dramatically during the rally, with price diverging significantly from the midline, indicating high volatility. Price closed near the upper band at one point, suggesting a strong bullish move. A contraction phase may follow, which could offer a strategic entry or exit point depending on the trader’s view. If volatility compresses and price stays above the 20-period MA, a continuation of the bullish trend is likely.

Volume & Turnover

Volume spiked sharply from 19:00 to 23:00 ET, confirming the breakout. The most notable spike occurred at $0.119, where over 2.9 million units were traded. Notional turnover aligned with volume patterns, showing strong conviction in the bullish move. A divergence between price and volume is not observed at this stage, reinforcing the integrity of the price action. The recent pullback is supported by consistent volume, indicating no bearish exhaustion yet.

Fibonacci Retracements

The most recent 15-minute swing from $0.09914 to $0.119 shows a 61.8% retracement at $0.1077, which may act as a key psychological level. On the daily chart, the 38.2% and 61.8% levels align with the consolidation range around $0.105–0.106. A retest of the 61.8% level could confirm its strength or trigger a countertrend move.

Backtest Hypothesis

The backtesting strategy described involves entering long positions when price crosses above the 50-period moving average on the 15-minute chart, confirmed by a bullish engulfing pattern and a MACD crossover above zero. This strategy would have been triggered at around 20:00 ET, with a stop-loss placed at the 20-period moving average and a target at the upper Bollinger Band. Given the recent performance of TUTUSDC, this approach appears to align with the current bullish bias, though the overbought RSI reading suggests caution in holding long positions through the next 24 hours.