Tutorial/USDC Market Overview

• Price surged 7.3% from $0.0825 to $0.0883 during a strong buying session post-11:15 ET.
• Volatility spiked with a 15-minute high of $0.08944 and low of $0.08563 in early trading.
• Volume surged dramatically in the 11:15–11:30 ET window, confirming the breakout.
• RSI briefly entered overbought territory, hinting at possible pullback pressure.
• Bollinger Bands showed a sharp expansion, aligning with the heightened volatility.

TUTUSDC opened at $0.0825 on 2025-10-07 12:00 ET and closed at $0.0863 on 2025-10-08 12:00 ET. The price surged to a 24-hour high of $0.08944 and a low of $0.08445, with total volume of 15.96 million units and a notional turnover of approximately $1.38 million. This 7.3% rally suggests significant buying interest in the past 24 hours.

Structure & Formations

The candlestick structure exhibited a strong bullish reversal pattern following a bearish phase. The price rebounded from a critical support level at $0.0848 and advanced to a fresh 24-hour high above $0.0883. A notable bullish engulfing pattern formed between 15:15–15:30 ET, confirming a shift in momentum from bearish to bullish. A doji at $0.0863 in the 12:45–13:00 ET window suggests indecision and potential consolidation ahead.

Moving Averages

Short-term momentum appears to have overtaken medium-term trends. The 20-period and 50-period SMAs on the 15-minute chart crossed in favor of the bulls around 10:30 ET, with price consistently trading above both. On the daily chart, the 50-day SMA remains below the 200-day SMA, indicating the longer-term trend remains neutral to slightly bearish.

MACD & RSI

The MACD crossed above the signal line early in the session and remained in positive territory, reinforcing the bullish momentum. RSI reached 71, entering overbought territory after the 11:15 ET breakout. This suggests caution may be warranted, as overbought levels often precede pullbacks. However, sustained volume and price action indicate strong demand could persist.

Bollinger Bands

Bollinger Bands showed a clear widening phase as price surged to a new high, indicating an expansion in volatility. By 12:00 ET, price closed near the midline of the bands, suggesting it may consolidate before breaking out or retreating. A retest of the lower band at $0.0848–0.085 could provide a key short-term test of bullish momentum.

Volume & Turnover

Volume spiked to over 2.0 million units during the 11:15–11:30 ET window, coinciding with a sharp price jump from $0.08699 to $0.08832. This aligns with the price action and confirms the strength of the breakout. Notional turnover also surged during this period, reinforcing the idea that the move was backed by substantial buying. However, volume dipped below average after 13:00 ET, indicating a potential exhaustion of buyers.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $0.0848 to $0.08944 shows key levels at 38.2% ($0.0864), 50% ($0.0871), and 61.8% ($0.0879). Price has already tested the 38.2% level and is approaching the 50% level, suggesting a potential consolidation phase. If the trend continues, the 61.8% level could act as a short-term resistance. On the daily chart, the 38.2% retracement from the recent high to the prior low is at $0.0861, which price is currently hovering near.

Backtest Hypothesis

A potential backtesting strategy could focus on the bullish engulfing pattern observed between 15:15–15:30 ET, combined with a MACD crossover and a retest of the 50-period SMA. A long entry could be triggered on confirmation of the pattern, with a stop-loss placed below the doji low at $0.0863 and a take-profit at the 61.8% Fibonacci level ($0.0879). This approach would aim to capitalize on short-term bullish momentum while managing risk with clear exit parameters.