TUSDC Breaks Out at 0.00702 — But Buyers Fade at 0.00709

Summary
• TUSDC formed a bullish breakout above 0.00702 after a 24-hour consolidation.
• Volume surged in the final 24 hours, with over $1.16 billion in notional turnover.
• MACD and RSI suggest moderate bullish momentum, though RSI is approaching overbought levels.
• A 0.00699 support level was tested multiple times but failed to hold.
• Price appears to be consolidating near the 0.00702–0.00712 key resistance cluster.

Threshold/USDC (TUSDC) opened at 0.00702 on 2026-02-06 at 12:00 ET, hit a high of 0.00718, a low of 0.00681, and closed at 0.0069 at 12:00 ET on 2026-02-07. The pair saw a total volume of 306,091.8 units and $2,157.97 million in turnover over the 24-hour window.

Structure and Key Levels

Price exhibited a strong bullish breakout from the 0.00699–0.00702 range, with a key bullish engulfing pattern forming around 0.00702–0.00703. The 0.00709–0.00712 range appears to be a major resistance cluster, where price has stalled twice. A potential support zone lies between 0.00694–0.00698, which was tested several times during the session.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA crossed above the 50-period MA in a bullish signal around 0.00702–0.00703. The MACD histogram showed positive divergence late in the session, confirming the bullish momentum. RSI climbed to 68–70 levels, suggesting that the market may be approaching overbought territory, which could result in a pullback.

Volatility and Bollinger Bands

Volatility increased significantly during the late hours of the session, with a sharp expansion of the Bollinger Bands as price moved above the upper band near 0.00718. This indicates heightened market activity. However, the subsequent pullback to the 0.00701–0.00703 range shows price is consolidating within a tighter band, suggesting a possible reversal or continuation depending on the next breakout.

Volume and Turnover

Volume spiked dramatically in the final hours of the 24-hour period, especially around 0.00702–0.00709, indicating strong buying pressure. Notional turnover surged to $1.16 billion during this consolidation phase, confirming the strength of the move. However, volume dried up after the 0.00709 level, which may signal exhaustion or hesitation among buyers.

Visual

Applying Fibonacci retracements to the 0.00681–0.00718 swing, the 0.00702–0.00703 level aligns with the 61.8% retracement level, which price has held onto. A breakdown below 0.00694 would likely trigger further Fibonacci-based selling pressure toward 0.00681–0.00684. Conversely, a sustained move above 0.00709 could target the 0.00718–0.00721 level.

The market appears poised for a decisive move in the next 24 hours, with the 0.00709–0.00712 area being a critical psychological and technical level. Investors should be cautious about overbought RSI conditions and watch for confirmation of a sustained breakout or a rejection back toward key support.