The cryptocurrency market remains under pressure ahead of key U.S. economic data releases. Meanwhile, Qubic and TerraClassicUSD have shown significant gains.
Current Market Situation
Despite the broader bearish trend, Qubic (QUBIC) and TerraClassicUSD (USTC) have posted gains of 6% and 15% respectively over the last 24 hours. These cryptocurrencies have approached key resistance levels.
Qubic (QUBIC) Chart Movement
The daily chart for QUBIC shows a consolidation within a descending triangle and a falling wedge pattern. The downtrend started on January 31 after a rejection at $0.0000022, leading to a decline to the support zone of $0.0000015. The price has now stabilized around $0.0000018.
TerraClassicUSD (USTC) Outlook
TerraClassicUSD has also been consolidating within a descending triangle. The recent downtrend began on December 2 after a rejection at $0.032. This correction drove USTC down to a support zone at $0.0085. The price is now trading around $0.0186.
With QUBIC and USTC approaching key resistance levels, traders should closely monitor breakout signals. Despite the overall bearish market trend, these assets are showing potential bullish setups.
