Market Overview for USTCUSDT (TerraClassicUSD/Tether)

Summary
• Price dropped from 0.00715 to 0.00658 over 24 hours, signaling bearish momentum.
• Volatility spiked mid-night with a 125k+ USTC turnover in 15-minute windows.
• A bearish engulfing pattern formed at 0.00714–0.00698, suggesting bearish continuation.
• RSI dipped below 30, indicating oversold conditions, but divergence with volume suggests caution.
• Bollinger Bands tightened prior to the breakdown, pointing to a likely price expansion downward.

TerraClassicUSD/Tether (USTCUSDT) opened at 0.00715 on 2026-01-18 12:00 ET, reached a high of 0.00718, a low of 0.00587, and closed at 0.00658 on 2026-01-19 12:00 ET. Total volume for the 24-hour period was 170,616,263.0, with notional turnover of 1,177,547.84 USTC.

Structure & Formations

A sharp breakdown below key support at 0.00711 was confirmed with a bearish engulfing candle and a long lower wick, indicating strong bearish sentiment. A potential support level is forming near 0.00655–0.00658, marked by consolidation and rejection after the steep decline.

Moving Averages and Momentum

Short-term 20/50-period moving averages on the 5-minute chart accelerated downward, reinforcing the bearish bias. RSI has dipped into oversold territory below 30 but lacks follow-through volume, hinting at a possible pause or bounce. MACD shows bearish divergence with a negative histogram, indicating sustained downward momentum.

Volatility and Bollinger Bands

Bollinger Bands contracted tightly between 0.00710–0.00715 before a sharp breakdown, suggesting a move with increased volatility. Price has since expanded below the lower band, reinforcing the bearish narrative.

Volume and Turnover Divergence

Volume surged dramatically during the 00:15–00:45 ET window, with a 549k USTC turnover in just 45 minutes. However, price did not retest prior levels with confirmation, suggesting potential exhaustion or a short-covering bounce.

Key Fibonacci Levels

On the 5-minute chart, 61.8% Fibonacci retracement sits near 0.00662, where price bounced twice. On the daily chart, the 38.2% level at 0.00655 may act as a near-term support.

The market appears to favor continuation of the downward trend in the short term, with key support zones likely to be tested in the next 24 hours. However, the large volume divergence and RSI oversold readings suggest some caution ahead of a potential bounce or consolidation. Investors should be mindful of the risk of a sharp reversal if buyers emerge near key support levels.