Market Overview for 0G/USDC on 2025-10-26

• Price surged 1.72–1.774 before consolidating toward 1.75 by 04:15 ET
• High-volume bullish reversal attempts at 1.75–1.76 failed, showing indecision
• 61.8% Fibonacci retracement aligned with 1.757, acting as short-term support
• RSI showed overbought conditions earlier, now neutralizing toward 55

0G/USDC opened at 1.717 at 12:00 ET on 2025-10-25 and reached a high of 1.774 before closing at 1.75 at 12:00 ET the following day. Total volume for the 24-hour period was 221,998.94, with a notional turnover of $387,997.06. Price action reflected strong intraday bullish attempts, followed by bearish retracement toward key Fibonacci and moving average levels.

Structure & Formations

The price of 0G/USDC formed a broad intraday range with a distinct bearish consolidation phase following the 1.774 peak. A key 1.772 resistance was touched twice, but no confirmation of a breakout occurred. A bearish dark cloud cover appeared at 19:15–19:30 ET, followed by a failed attempt at 19:30–19:45 ET. Notably, the 1.75–1.76 zone showed indecisive price behavior, with a long upper shadow forming at 0GUSDC’s 00:00–00:15 ET candle.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages converged near 1.75–1.752, offering a temporary support zone. The daily chart showed the 50, 100, and 200 SMA aligning near 1.74–1.745, where the price consolidated before the 04:15 ET close. This suggests short-term traders were closely watching the 1.75 level for potential reversal cues.

Momentum & Volatility

RSI peaked at 68 during the 18:30–18:45 ET session, showing overbought conditions, then declined to neutral levels by the 04:15 ET close. MACD showed a bearish crossover on the 15-minute chart after the 19:30 ET high, with the histogram shrinking as bearish momentum waned. Bollinger Bands widened after the 18:45 ET high, indicating heightened volatility, which then compressed as price action retreated toward the lower band.

Volume & Turnover

Volume spiked to 22,327.53 at 18:45 ET, coinciding with the 1.762 high, but dropped off significantly afterward. A volume divergence was observed between the 20:30–21:45 ET and 00:00–04:15 ET sessions, where price moved lower but volume remained muted. This suggests weak conviction among buyers during the consolidation phase.

Fibonacci Retracements

A key 61.8% Fibonacci retracement of the 1.72–1.774 swing was located at 1.757, which coincided with the 02:45–03:45 ET support zone. This level held during the bearish correction, suggesting a short-term floor for the pair. The 38.2% retracement at 1.763 acted as intraday resistance, confirming the lack of follow-through from earlier bullish moves.

Backtest Hypothesis

To evaluate potential strategies based on this price action, a backtest would require confirmation of the 0G/USDC trading pair’s exact symbol and source (e.g., “0GUSDC” on Binance or Coinbase) to ensure data consistency. The exit rule at 1.772 must also be defined—whether based on a close above, an intraday touch, or a daily high. If 1.772 is not reached, the trade should close at the final close price. Additional constraints such as a 3% stop-loss or a 5-day maximum holding period could help refine risk exposure. Once these parameters are set, historical Bullish Engulfing signals can be identified and tested for performance.