$USTC is holding around 0.00776 after a sharp expansion that swept liquidity up to 0.00880 and then rotated lower into consolidation. The initial impulse was fueled by aggressive spot buying and short liquidations as price pushed through the short term moving averages. Once the upper liquidity pocket was cleared, momentum cooled and volume tapered, showing distribution pressure easing rather than panic selling.
Price is now compressing just above the rising 0.0075–0.0076 base, aligned with the MA99, which keeps the structure constructive. This zone is acting as a decision area where late longs are being tested but not forcefully liquidated. Funding has normalized and leverage looks lighter, suggesting the market is resetting positioning rather than flipping bearish. There are no clear signs of heavy whale exits at this level, more of controlled profit taking after a fast move.
As long as USTC holds above 0.0075, the structure remains a higher low and price stays in continuation mode. A clean reclaim of 0.0081 would signal renewed momentum and open another test of the highs. A loss of support would likely mean a deeper pullback into value before the next attempt higher.
Market outlook
Short term consolidation after a liquidity sweep, neutral to bullish while support holds.
Key levels
Support: 0.0075, then 0.0071
Resistance: 0.0081, then 0.0088
Trade levels
TP 1: 0.0081
TP 2: 0.0088
SL: 0.0071
Market cap
At current price, USTC is trading near an estimated $70M–80M market cap, which explains the fast reactions to liquidity and sentiment shifts.
My take
This looks like healthy digestion after a volatility expansion. Direction from here depends on whether buyers continue to defend the base and rebuild volume. Do your own research.
