Latest ThunderCore (TT) Price Analysis

Deep Dive

1. Exchange Liquidity Shock (Bearish Impact)

Overview: Upbit’s July 31 suspension of TT deposits/withdrawals (still unresolved as of September 2) constrained liquidity access for South Korean traders, who accounted for ~15% of TT’s pre-suspension volume.

What this means: Reduced arbitrage opportunities and forced selling by users needing liquidity likely amplified selling pressure. While trading remains active, the lack of resolution risks perception of operational instability.

What to look out for: Upbit’s next maintenance update – prolonged delays could trigger further de-risking.

2. Technical Breakdown (Bearish Momentum)

Overview: TT’s price sits 6% below its 7-day SMA ($0.002687) and 8% below 30-day SMA ($0.002774), with RSI-7 at 29.2 signaling extreme oversold conditions. The MACD histogram (-0.00000517) confirms bearish momentum.

What this means: Oversold conditions typically precede bounces, but absent catalysts, algorithmic traders may exploit weak support at $0.002535 (July 27 low). A close below this level could trigger stop-loss cascades.

3. Ecosystem Hype Cycle Stalls (Mixed Impact)

Overview: ThunderCore’s August 6 teaser about “preparations” followed July’s WLFI staking rewards program but failed to specify timelines or utility upgrades.

What this means: Initial excitement around yield opportunities (e.g., 8.5x amplified rewards via Smart Pools) has waned without measurable user growth – daily active addresses remain flat near 2.4K.

Conclusion

TT’s decline reflects a mix of technical headwinds, exchange-driven liquidity constraints, and unmet expectations for ecosystem catalysts. While oversold signals suggest potential relief, the absence of volume recovery (~$1.3M, -63% YoY) limits upside scope.

Key watch: Can TT hold the $0.002535 Fibonacci support, or will breaking it accelerate the downtrend?

Deep Dive

1. Speculative Hype (Mixed Impact)

Overview: ThunderCore’s team posted cryptic updates like “Exciting things brewing” and “push momentum further” on 31 July and 1 August, sparking speculation.

What this means: While vague, these posts likely triggered FOMO among retail traders, amplifying low-volume price moves. However, the lack of concrete details limits sustained upside. The 1,564% surge in 24h trading volume ($39.5M) aligns with speculative activity.

What to look out for: Clarity on the teased developments – prolonged ambiguity could reverse gains.

2. Technical Rebound (Bullish Impact)

Overview: TT’s price ($0.00276) recently crossed above its 7-day SMA ($0.00270), while the MACD histogram turned positive (+0.00000216) for the first time in weeks.

What this means: Traders often interpret MACD crossovers as buy signals, especially in low-cap assets like TT. The RSI (47.65) also exited oversold territory, reducing downward pressure.

Key threshold: A close above the 30-day SMA ($0.00280) could signal further upside.

3. Upbit Resolution (Neutral Impact)

Overview: Upbit resumed TT deposits/withdrawals after a 25 July–31 July maintenance period, confirming operational stability.

What this means: The absence of delisting or security issues eased sell-side pressure. However, TT’s 30-day decline (-6.68%) reflects lingering skepticism about its utility beyond exchange-driven volatility.

Conclusion

ThunderCore’s minor gain reflects a mix of speculative trading, technical signals, and reduced exchange-related risks. However, its low liquidity (turnover ratio: 1.14) and reliance on vague announcements pose volatility risks.

Key watch: Will TT’s team deliver tangible updates to justify the hype, or will profit-taking erase gains? Monitor social channels for substance.