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• TerraClassicUSD/Tether opened at $0.00675 and closed at $0.00674 after a volatile 24-hour session.
• Volume surged to 59.4 million, with key support and resistance levels clearly tested.
• MACD and RSI suggest mixed momentum with potential for a short-term reversal.
• Bollinger Bands show a recent volatility expansion, with price near the upper band.
• Fibonacci retracements indicate a 61.8% level at $0.00661 may act as near-term support.
The TerraClassicUSD/Tether (USTCUSDT) pair opened at $0.00675 at 12:00 ET – 1 and closed at $0.00674 by 12:00 ET on 2025-11-05. During the 24-hour period, the pair reached a high of $0.00675 and a low of $0.00603, reflecting considerable volatility. Trading volume totaled 59.4 million with a notional turnover of approximately $394,000, showing increased participation and liquidity.
Price action over the past 24 hours revealed a complex structure, with a bearish breakdown below key support at $0.0065 followed by a partial recovery. A notable bearish rejection occurred in the 20:30–21:30 ET timeframe, where volume spiked to 23.9 million while price declined sharply to $0.00620. The 20-period EMA and 50-period EMA were both bearishly aligned with the trend, with the 50 EMA at $0.00659 providing a dynamic resistance. The 200 EMA at $0.00669 may offer further resistance if the pair retraces.
The MACD remained in negative territory, confirming bearish momentum, with the histogram showing a peak in the 20:30–20:45 ET session. RSI moved into oversold territory around $0.0063 but has since recovered to mid-50s, indicating potential for a short-term rebound. Bollinger Bands showed a significant expansion after 20:30 ET, with price near the upper band in the final hours, signaling a possible consolidation phase.
Fibonacci retracements applied to the $0.00603–$0.00675 swing indicate a 38.2% retracement at $0.00647 and a 61.8% retracement at $0.00661. These levels may serve as key support/resistance in the coming 24 hours. Volume and turnover data show no significant divergence from price in the final hours, suggesting the current bounce may be supported by buyer interest.

The backtest strategy focuses on identifying and acting on “Bullish Engulfing” candlestick patterns, a classic reversal signal in technical analysis. The strategy involves entering a long position upon confirmation of the pattern and holding it for one trading day. Given the recent volatility and mixed momentum signals in USTCUSDT, the pair may offer a candidate for such a strategy if the pattern emerges. However, due to the lack of direct historical data from the technical-indicator service, the performance of this strategy on USTCUSDT cannot be verified. Investors should consider backtesting this approach on a supported symbol or providing historical pattern data to validate its effectiveness.
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