Market Overview: USTCUSDT Faces Volatility and Potential Bearish Momentum

Summary
• USTCUSDT formed a bearish engulfing pattern near 0.0091, signaling potential short-term weakness.
• Volume surged past $65M during the early morning ET dump, but failed to trigger a strong reversal.
• RSI and MACD both showed bearish momentum, with price below 20-period MA during key sell-offs.
• Bollinger Bands widened significantly after 00:00 ET, reflecting increased volatility and bearish sentiment.
• A 61.8% Fibonacci retracement level at 0.0086 may offer near-term support, though volume suggests caution.

TerraClassicUSD/Tether (USTCUSDT) opened at 0.0091 on 2025-12-11 at 12:00 ET, hit a high of 0.00921, and a low of 0.00846, closing at 0.00812 on 2025-12-12 at 12:00 ET. Total volume for the 24-hour period was 654,786,280.0 and turnover reached approximately $5,915,146.

Structure & Formations

A bearish engulfing pattern formed near 0.0091, followed by a prolonged bearish move below key support levels. A potential double-bottom structure is forming near 0.00846, with the 61.8% Fib retracement at 0.0086 offering a probable near-term support target.

Technical Indicators

MACD turned negative after 00:00 ET, confirming bearish momentum. RSI dipped below 30 in the early morning, signaling oversold conditions, but failed to trigger a rebound. Price remained below the 20-period MA during the late ET sell-off, reinforcing bearish bias.

Volatility and Volume

Bollinger Bands expanded significantly during the early morning dump, with price testing the lower band at 0.00847. Volume spiked to over $65 million during this period, but failed to confirm a strong bounce, suggesting distribution.

Forward-Looking Observations

Price may test the 0.0086 level next, with a break below that increasing the likelihood of a move toward 0.0084. Investors should closely monitor volume and RSI for potential reversal cues, though bearish momentum remains intact.

Traders should be cautious of potential liquidity gaps and rapid price extensions in the next 24 hours amid volatile conditions.