USTC’s current position is quite delicate, consolidating around 0.0069. I think there are two rebound targets to watch: in the short term, look at the 0.008 to 0.01 range; in the mid-term, if it can hold above 0.01, there will be more room for imagination.

Let’s review this coin’s rollercoaster history: everyone remembers the disaster in 2022, when it crashed from $1 straight down to 0.008, almost to zero. But in this bull run, it came back to life, with obvious new funds coming in, pushing it up to as high as 0.078—nearly a 10x rebound. Unfortunately, the good times didn’t last, and it plummeted 14 times back to around 0.0055, only recently catching its breath to climb back to 0.0069.

The key thing to watch is this: on December 12, there’s a major plan for USTC to integrate with LUNA and LUNC, which is part of restoring the roadmap. If this really goes through, the entire LUNA ecosystem could see a turnaround, and short-term speculation sentiment should pick up.

Right now, its positioning is pretty awkward—nominally a stablecoin, but in reality it’s more like a meme coin, surviving on the “return to $1” narrative. The 0.0069 price is indeed even lower than the historical low, so the risk-reward ratio might be worth considering. But don’t forget, this thing is extremely volatile—manage your position sizes and don’t go all in.