AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
• Price consolidates near key support at 0.00702–0.00705, with bearish engulfing patterns in late-night trading.
• RSI approaches oversold territory while volume remains elevated, hinting at potential short-term reversal.
• Volatility widens during Asian hours, with price breaking below the 20-period MA but holding near the 50-period MA.
• Bollinger Bands show a recent contraction before an expansion, suggesting increased directional momentum ahead.
• Fibonacci retracement levels align with recent support, indicating 0.00705 as a critical near-term pivot.
TerraClassicUSD/Tether (USTCUSDT) opened at 0.00718 on 2026-01-11 at 12:00 ET, reached a high of 0.00719 and a low of 0.00692, and closed at 0.00708 by 12:00 ET on 2026-01-12. Total 24-hour volume was 66,892,940.0, with a notional turnover of 464,675.41.

The RSI has dipped below 30, indicating potential oversold conditions, although bearish divergence remains strong. Bollinger Bands have contracted before expanding after 02:00 ET, increasing volatility. Price currently rests near the lower band, suggesting potential for a bounce or continuation lower.
The
pair appears to be consolidating within a tight range near critical support levels, with technical indicators suggesting a potential near-term bounce. However, sustained bearish momentum could see a retest of 0.00699 if sellers regain control. Investors should remain cautious of volatility and monitor the 50-period MA for possible re-entry signals.Decoding market patterns and unlocking profitable trading strategies in the crypto space

Jan.12 2026

Jan.12 2026

Jan.12 2026

Jan.12 2026

Jan.12 2026
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet