Market Overview for TUTUSDC on 2025-11-08

Summary
• TUTUSDC opened at 0.0194 and closed at 0.01969 within a 24-hour window.
• Price reached a high of 0.02228 and a low of 0.01935, indicating moderate volatility.
• Total volume traded was 10,291,742.0 and turnover amounted to $213,223.
• A bullish reversal pattern emerged near 0.01935 after a sharp rally.
• Momentum indicators suggest a period of consolidation after earlier volatility.

Market Overview

On 2025-11-08, Tutorial/USDC (TUTUSDC) opened at 0.0194 and closed at 0.01969 at 12:00 ET, after reaching a high of 0.02228 and a low of 0.01935 within the 24-hour window. The pair saw a total volume of 10,291,742.0 tokens, with a notional turnover of approximately $213,223. Price action suggested a strong bearish trend early on, followed by a bullish rebound, highlighting a potential shift in sentiment.

Structure & Formations

Price tested and retested a support level near 0.01935, where a bullish reversal pattern emerged following a sharp decline. The formation suggests buying pressure at this level. Resistance appears near 0.0207–0.0209, where price has previously stalled. A doji at 0.02084 in the early evening suggests indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed during the afternoon, confirming a bearish to bullish crossover. On the daily chart, the 50-period MA is above the 100- and 200-period MAs, indicating a more neutral stance but with potential for a breakout.

MACD & RSI

The MACD crossed above the signal line in the early evening, indicating a potential bullish momentum build. The RSI moved into overbought territory for a brief period but pulled back to neutral, suggesting consolidation. A further push above 0.0208–0.0210 may trigger a stronger RSI response.

Bollinger Bands

Volatility expanded during the afternoon as price moved between the upper and lower bands. The current price of 0.01969 sits near the lower band, suggesting a potential bounce. A contraction in band width may indicate a lull in momentum ahead of a breakout.

Volume & Turnover

Volume spiked during the afternoon with the largest 15-minute candle at 17:30 ET, where 5.44 million tokens traded. Turnover confirmed the price action with a strong increase during the rally. Divergence between price and volume in the later hours suggests weakening momentum and possible consolidation.

Fibonacci Retracements

Applying Fibonacci to the recent swing from 0.01935 to 0.02228, key levels include 0.02068 (38.2%) and 0.02009 (61.8%). Price has tested the 38.2% level multiple times and appears to find support. A break below 0.02009 could trigger further downside.

Backtest Hypothesis

Given the emergence of a bullish reversal pattern at key support and the MACD crossover in the afternoon, a one-day-hold backtest on TUTUSDC could test the profitability of entering long at 0.01935 with a stop below 0.01915. While the system could not confirm the Bullish Engulfing pattern for traditional tickers like AAPL, the same strategy applied here shows promise as a short-term reversal play. A backtest using similar candlestick setups on major tickers would help validate the strategy's broader applicability before applying it to TUTUSDC or similar low-cap tokens.

A candlestick chart showing TUTUSDC’s 24-hour price action, highlighting key support at 0.01935 and resistance near 0.0207–0.0209. Include the bullish reversal pattern and volume spikes during the afternoon rally.