bullish

Convergence

Reversal

TerraClassicUSD

Divergence

<ul>
 <li>TerraClassicUSD fell 4.35% in value, reflecting broader market instability and bearish trends.&nbsp;&nbsp;</li>  
 <li>USTC shows potential for a bullish reversal despite trading within a bearish triangle pattern.&nbsp;&nbsp;</li>  
 <li>RSI indicates that the token is neither overbought nor oversold, suggesting room for price movement.</li> 
</ul>  
Over 24 hours , USTC&nbsp; has experienced a dip in the market value of 4.35%, resulting in its net worth of $0.01618. The decline was reflected in the broader market trends, with the coin’s <a href="https://cryptonewsland.com/bitcoin-drops-to-58774-as-market-shows-signs-of-potential-reversal/" target="_blank" rel="noopener noreferrer nofollow">market </a>capitalization now priced at $90.25 million, a 3.69% decrease. In support of this, the 24-hour trading volume has reached 9.77 million, marking a substantial 70.91% decrease from the previous levels. Despite this drop, its circulating supply continues to remain stable at 5.58 billion tokens, with a total supply of 8.95 billion tokens.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeN6oviUeSjDflfTkSgdWqlN2gJkVp8WPQn8dN2EHNfxngJjajX8eeEjmRvJu7VvTKMrNvrfN4Dz9nNz5rUlZ03GCW6qbVKShmrZF7nSwDzqzuYwKOGuerVzg-1OGsRngEWjTbr6dU5xOh25z1QUtZFYdjJ?key=hZWKNwb0Uwd0xuzKOviQLA" alt="">
</figure>  
Source: <a href="https://coinmarketcap.com/currencies/terrausd/" target="_blank" rel="noopener noreferrer nofollow">coinmarketcap</a>  
The daily price chart reveals a bearish trend for USTC, starting at&nbsp; $0.01698 and seeing a steady decline to as low as $0.0153 before partially recovering to its closing price of $0.0162. This <a href="https://cryptonewsland.com/jupiter-coin-surges-despite-high-volatility-and-bearish-market-trends/" target="_blank" rel="noopener noreferrer nofollow">trend </a>highlights strong bearish market Instability that may be attributed to factors like macroeconomic conditions or even investor sentiment and market Uncertainties. The future trajectory of the coin&nbsp; remains uncertain, with traders and enthusiasts watching for any signs of recovery.  
<h2 class="wp-block-heading" id="h-ustc-nears-key-support-levels-with-signs-of-possible-bullish-reversal">USTC Nears Key Support Levels with Signs of Possible Bullish Reversal</h2>  
For more technical analysis, the&nbsp; USTC has experienced a prolonged period of consolidation within the descending triangle pattern. Further, the charts reveal that it&nbsp; has been trading with a resistance at the upper tend B and its support level of $0.00965 labeled as A. The triangle typically suggests a bearish continuation, but the recent price action suggests a potential breakout, which could lead to a bullish reversal. The Fibonacci retracement is from the swing high to the recent low, with key levels at 23.60%, 38.20%, 50.00%, 61.80%, and 78.60. This price is tested at a 100% retracement level, an indication of a critical support zone.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfB7fhxJX4JEh1zJ-I0Hv8FlgsN0s4FYjCpJ4mGzybWR9itW2PohVC08cXtM_W6dwQbGbeCXqKQksonEzkh5uTgQ-E-tIVafxxA3TYUpMl7wNsWB2X7zJIbgaZs4m8HTdnqoRKHS6KLhSkqN0VvcBHLodA?key=hZWKNwb0Uwd0xuzKOviQLA" alt="">
</figure>  
source : <a href="https://www.tradingview.com/chart/YP9EFueQ/?symbol=BINANCE%3AUSTCUSDT" target="_blank" rel="noopener noreferrer nofollow">tradingview</a>  
The Relative Strength Index (RSI) is currently at 46.6, which is an indication of a slight recovery from an oversold condition. This level suggests that USTC is neither overbought nor oversold, providing room for upward momentum. Furthermore, the Moving Average Convergence Divergence histogram shows a marginally negative reading with a crossover between the MACD line and the signal line. Although the MACD remains in bearish territory, the narrowing gap suggests a possible market turn towards a bullish track. 
The post <a href="https://cryptonewsland.com/terraclassicusd-dips-4-35-as-bearish-trends-and-market-uncertainties-persist/" rel="noopener noreferrer nofollow">TerraClassicUSD Dips 4.35% as Bearish Trends and Market Uncertainties Persist</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

TerraClassicUSD Dips 4.35% as Bearish Trends and Market Uncertainties Persist

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