Market Overview for USDC/Tether (USDCUSDT) on 2025-12-06

Summary
• Price consolidates tightly near 0.9997 with no clear directional bias.
• Volume peaks during morning ET, followed by reduced activity in late afternoon.
• No strong momentum signals; RSI and MACD show low volatility and neutral readings.

Market Overview

At 12:00 ET on 2025-12-06, USDC/Tether (USDCUSDT) opened at 0.9998, reached a high of 0.9998, touched a low of 0.9995, and closed at 0.9997. Total volume over the 24-hour period was approximately 205,414,748.0, with a notional turnover of ~USD 205,126,500 (assuming ~1 unit traded per dollar equivalent).

Price Structure and Volatility

Price action for USDC/Tether remained within a narrow range of 0.9995–0.9998 for nearly the entire 24-hour period. A consolidation pattern emerged after midday ET, with no strong candlestick formations (e.g., engulfing or doji) suggesting directional shifts. Bollinger Bands reflected low volatility, with price hovering near the midband for most of the session.

Momentum and Indicators

The RSI oscillated around the 50 mark, with no clear overbought or oversold signals. MACD remained flat, confirming the lack of momentum. While 20- and 50-period moving averages on the 5-minute chart were closely aligned, no clear bias toward bullish or bearish momentum was observed.

Volume and Turnover

Volume and turnover peaked during the early morning hours in ET, with a noticeable drop-off in late afternoon. No divergence was observed between price and volume during the session. The average turnover rate per 5-minute interval remained relatively flat, suggesting balanced liquidity across the day.

Fibonacci and Key Levels

Fibonacci retracement levels from the 24-hour range indicated a 50% retracement at 0.99965, where price spent much of the latter half of the day. No significant pullbacks or breakouts occurred at major 38.2% or 61.8% levels, and price appears to have found equilibrium within the cluster.

Looking ahead, the next 24 hours may bring renewed volatility if a broader macroeconomic event or large stablecoin transaction flow emerges. However, based on the current data, risks are moderate, and price is likely to remain within the 0.9995–0.9998 range unless a strong catalyst intervenes.