TUSDC Bounces at 0.00699 But Divergence Lingers Near 0.00709

Summary
• TUSDC tested key support levels but failed to break below 0.00699.
• Strong volume and price divergence signaled at 0.00709.
• RSI and MACD suggest potential for a short-term pullback.
• Bollinger contraction observed around 0.00702.
• Fibonacci retracement at 0.00703 appears to act as dynamic support.

Threshold/USDC (TUSDC) opened at 0.00702 on 2026-02-06 12:00 ET, reached a high of 0.00718, and closed at 0.00703 on 2026-02-07 12:00 ET. The pair traded within a 0.00692–0.00718 range, with total volume of 582,313.7 and notional turnover of 4,129.68 USDC.

Structure & Formations

Price tested the 0.00699 level twice, with a strong rejection that pushed it back toward 0.00709. A key bullish engulfing pattern formed at 0.00703, indicating short-term strength. The 0.00709 level has shown repeated consolidation, acting as a dynamic pivot.

Moving Averages

On the 5-minute chart, price oscillated between the 20SMA (0.00706) and 50SMA (0.00703). On the daily chart, the 50DMA sits at 0.00705, aligning with recent support. This suggests a neutral bias but with potential to drift higher if the 50DMA holds.

MACD & RSI

The MACD line crossed below the signal line near the end of the period, signaling weakening bullish momentum. RSI edged into neutral territory (58 at close), suggesting no overbought condition. However, divergence between rising volume and flat RSI points to potential reversal.

Bollinger Bands

Price moved within a narrow Bollinger band range during the early morning, with a contraction observed near 0.00702. Later expansion pushed price toward the upper band, signaling possible consolidation.

Volume & Turnover

High volume clusters occurred near 0.00709 and 0.00703, confirming key levels. A volume spike on the 23:00–23:15 ET 5-minute bar coincided with a price push to 0.00712, reinforcing bullish conviction.

Fibonacci Retracements

A 38.2% retracement of the 0.00692–0.00718 move aligns with 0.00703, where price found support. A 61.8% retracement at 0.00709 has also shown resistance.

Looking ahead, TUSDC may test 0.00709 again, with potential for a retracement to 0.00703 if buyers fail to hold. Traders should remain cautious of volatility spikes and divergence at key levels.