Market Overview: TUTUSDC Faces Continued Pressure Amid Low Momentum and Divergences

Summary
• Price declined from 0.01426 to 0.01409 over 24 hours, with bearish 5-minute engulfing patterns.
• Volume surged at 02:00–03:15 ET, coinciding with sharp declines, but faded afterward.
• RSI and MACD signal weak momentum, with price near 61.8% Fibonacci of recent 5-minute decline.
• Volatility expanded during the drop, pushing price near the lower Bollinger Band for much of the session.
• Turnover increased during early ET hours, but price-volume divergence suggests limited buying interest.

The TUTUSDC pair opened at 0.01422 on 2025-12-28 at 12:00 ET–1 and traded as high as 0.01427 before closing at 0.01409 at 12:00 ET the same day. The 24-hour range was 0.01427 to 0.01409. Total traded volume reached 1,360,735.0, with notional turnover of approximately 19,205.26.

Structure and Price Action

Price action over the 24-hour period showed a bearish bias, with several 5-minute engulfing patterns forming after 01:30 ET, signaling continued selling pressure. A key support level appeared around 0.01409, where price consolidated for multiple hours, but no strong bullish reversal patterns emerged.

. A significant drop from 0.01426 to 0.01415 between 01:30 and 01:45 ET marked one of the largest moves of the session.

Technical Indicators

The RSI on the 5-minute chart showed weak momentum, remaining in the lower end of the 30–50 range for most of the session. MACD lines were negative and flat, with no sign of bullish crossover. Volatility expanded during the decline, with price pushing near the lower Bollinger Band for much of the session, suggesting bearish bias and potential for mean reversion. Fibonacci retracements indicated that 0.01409 aligned with the 61.8% level of the 0.01426 to 0.01409 decline, suggesting a potential short-term floor.

Volume and Turnover Analysis

Volume spiked during the early hours of the session, with a notable 133,500.0-volume candle at 02:00 ET coinciding with a sharp drop to 0.01398. However, subsequent volume dried up despite continued price declines, indicating a potential divergence between price and buying interest.
Notional turnover also peaked at that time, reaching 1,873.89874. After 04:00 ET, both volume and turnover normalized, with no major spikes, reinforcing the lack of conviction in the current bearish move.

Forward-Looking Observations

The current price near 0.01409 may find short-term support, particularly if buying interest reemerges. A retest of the 0.01413–0.01415 range could offer a near-term opportunity for buyers. However, with momentum indicators remaining weak and no clear bullish reversal signals, the pair could continue to consolidate or drift lower over the next 24 hours. Investors should remain cautious of liquidity risks and the potential for further volatility during key market hours.