Here’s a sharp technical breakdown for $USTC /USDT on the 1
CryptoPotato
Updated at: 16 hours ago
{"content":"Here’s a sharp technical breakdown for $USTC /USDT on the 1D timeframe:
📍 Current Price: $0.01355
📈 Daily Change: +7.80% 🚀
🧭 Breakout Alert: Bullish engulfing candle through major resistance
📊 Moving Averages:
MA 7: $0.01239 ✅
MA 25: $0.01230 ✅
MA 99: $0.01243 ✅
All MAs reclaimed decisively — this is a classic multi-MA breakout scenario.
🔥 What’s Happening?
After a prolonged sideways consolidation between $0.0110–$0.0125, price exploded out with high momentum.
The current daily candle is a full-bodied bullish engulfing bar — piercing above both horizontal resistance and long-term trend lines.
This is the first clean close above the MA99 since late 2023 — a massive shift in sentiment.
📌 Key Levels:
Immediate Resistance:
$0.01470 (Feb highs)
$0.01560 (psych level + last major lower high)
$0.01800 (big rejection wick in March)
Support:
$0.01250–$0.01280 (former resistance flipped support)
$0.01180 (bullish structure invalidation zone)
🧠 Outlook:
Momentum has shifted bullish — breakout from accumulation range is confirmed.
This could evolve into a swing rally targeting $0.016+ in the short term.
Volume confirmation would seal the deal — but structure alone is strong here.
✅ Bias: Bullish
🎯 Target Zones: $0.0155 → $0.0178 → $0.0195
📉 Risk Trigger: Close below $0.0124 would nullify the breakout strength
⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/14/b56fc621d63246a8a036e776d1b8b0a7.png"],"tags":[],"tradingPairs":["USTC/USDT"],"quotearticleid":0}