USTCUSDT Market Overview for 2025-10-06

• Price surged from 0.01111 to 0.01148, closing near the high at 0.01143.
• Momentum built with rising volume and RSI reaching overbought territory.
• A bullish engulfing pattern emerged around 0.01131, signaling potential continuation.
• Volatility expanded as the price moved beyond the upper Bollinger Band.
• Turnover rose sharply during the midday to afternoon session, confirming the uptrend.

The USTCUSDT pair for TerraClassicUSD/Tether opened at 0.01124 on 2025-10-05 at 12:00 ET, reached a high of 0.01148, and closed at 0.01143 on 2025-10-06 at 12:00 ET. The price traded within a range of 0.01111 to 0.01148. Over the 24-hour period, total volume amounted to approximately 51,297,545. Total notional turnover exceeded $573,000.

Structure & Formations

Price action suggests a clear bullish bias throughout the 24-hour window. Key support levels were identified near 0.01111–0.01116, which held during multiple pullbacks. Resistance broke decisively above 0.01128, with the price pushing higher to 0.01148. A bullish engulfing pattern emerged between 0.01131 and 0.01133, signaling a continuation of the uptrend. A doji formed near 0.01124, indicating indecision earlier in the cycle, but the price pushed through to establish a stronger bullish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both sloping upwards, with price consistently trading above both. The 50-period MA crossed above the 20-period MA early in the session, reinforcing the bullish bias. On the daily chart, the 50, 100, and 200-period MAs remain relatively flat, but price has begun to outperform the 50-day average, suggesting a short-term breakout.

MACD & RSI

The MACD line turned positive mid-day and has remained in bullish territory, with the histogram expanding as volume and price momentum increased. RSI reached overbought levels around 75, indicating potential for a near-term consolidation phase or a continuation of the trend if bullish sentiment holds. Divergence between price and RSI was not observed, suggesting strong conviction in the move higher.

Bollinger Bands

Volatility expanded significantly during the latter half of the session, pushing the price beyond the upper Bollinger Band near 0.01148. This suggests a breakout scenario, where the price may find temporary resistance at the band before either consolidating or continuing higher. The width of the bands widened from 0.00004 to 0.00008, indicating increased uncertainty and active participation in the move.

Volume & Turnover

Volume surged during the midday to afternoon period, with the largest single 15-minute candle showing 6.9 million in volume and $77,500 in turnover. This confirms the strength of the move higher. However, later in the session, volume began to taper slightly, suggesting that momentum may be running out of steam. A divergence between price and volume has not yet formed, so the trend remains validated for now.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key swing from 0.01111 to 0.01148, the 38.2% level is at 0.01131 and the 61.8% level at 0.01142. The price reached the 61.8% level by the end of the session and has shown no immediate signs of retreating, suggesting that the next target could be the 78.6% level or beyond if buyers remain aggressive.

Backtest Hypothesis

The backtesting strategy focuses on identifying overbought RSI readings combined with bullish candlestick patterns and expanding Bollinger Bands as a trigger for long entries. In this 24-hour period, all three signals were met simultaneously—RSI hit overbought, a bullish engulfing pattern formed, and the price moved beyond the upper band. If this signal had been used to enter a long position at 0.01131, the subsequent move to 0.01148 would have yielded a 1.49% gain. This suggests that the strategy could be effective in capturing short-term bullish breakouts in low-volatility environments.