USTCUSDT Market Overview: TerraClassicUSD/Tether USDt

• Price rose from 0.01294 to 0.01328, gaining ~2.63% over 24 hours amid mixed volatility.
• Volatility expanded as Bollinger Bands widened, with price testing key resistance levels near 0.01328.
• RSI approached overbought territory, signaling potential pullback, while volume surged during breakouts.
• Doji and bearish harami patterns appeared in late-hour sessions, hinting at short-term indecision.
• Notional turnover exceeded $119M, indicating strong liquidity and increased institutional activity.

TerraClassicUSD/Tether USDt (USTCUSDT) opened at 0.01294 on 2025-09-04 at 12:00 ET and closed at 0.01328 by the following 12:00 ET. The 24-hour high was 0.01333 and low was 0.01293. Total volume amounted to 27.02 million USD, with a notional turnover of approximately $119.3M.

Structure & Formations

The 15-minute chart showed a bullish structure as price broke above a key resistance at 0.01327, supported by strong volume. A bullish engulfing pattern was observed at 0.01321–0.01327, suggesting a short-term rally. However, late-hour bearish harami patterns at 0.01327 and a doji at 0.01326–0.01327 signal potential consolidation or reversal. Key support levels emerged at 0.01317 and 0.01312, both holding during sell-off attempts.

Moving Averages

On the 15-minute chart, price stayed above the 20-period (0.01307) and 50-period (0.01305) moving averages, reinforcing bullish momentum. Daily MAs (50, 100, 200) remained neutral to slightly bullish, with the 50-day MA at 0.01313 aligning with recent support. The price remains above the 50-day MA, which could indicate a short-term uptrend.

MACD & RSI

MACD crossed into positive territory, confirming bullish momentum during the breakout. However, RSI approached 67 by 15:00 ET, hinting at overbought conditions. The divergence between RSI and price in the final 24 hours suggests potential for a pullback.

Bollinger Bands

Volatility expanded significantly, with Bollinger Bands stretching from 0.01295 to 0.01333. Price spent most of the session inside the upper band and briefly touched it at 0.01333. The widening of the bands suggests increased market uncertainty and potential for continuation or correction.

Volume & Turnover

Volume surged during key price movements, especially between 06:00–07:00 ET, when price broke above 0.01327. Notional turnover spiked above $15M during this period, indicating strong participation. Late-hour volume declined, with the bearish harami at 0.01327 occurring on lower volume, suggesting potential exhaustion or consolidation.

Fibonacci Retracements

The 61.8% retracement level of the recent swing from 0.01293 to 0.01333 sits at 0.01316, which the price tested multiple times before resuming the rally. The 38.2% level at 0.01323 was confirmed by a bullish reversal candle. On the daily chart, a key Fibonacci expansion target of 0.01336–0.01345 remains a near-term ceiling.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on a bullish engulfing pattern confirmation above the 20-period MA, with a stop-loss below the 38.2% retracement level and a target at the 61.8% retracement. This aligns with the observed 0.01321–0.01327 engulfing pattern, which was confirmed by volume and MACD. The strategy could be enhanced by filtering for higher RSI divergence, suggesting overbought conditions as a potential exit trigger.