Market Overview for Animecoin/USDC on 2025-09-21

• Price declines from 0.016 to 0.01576 over 24 hours, with late bearish acceleration.
• Key resistance at 0.01595–0.01598 and support near 0.0158–0.01582 identified.
• Momentum shifts bearish as RSI drops below 50, MACD turns negative.
• Volatility expands mid-day, with volume spiking during the 08:30–09:00 ET sell-off.
• Price closes below key Fibonacci levels, suggesting potential for deeper pullback.

At 12:00 ET, Animecoin/USDC (ANIMEUSDC) opened at 0.016, reached a high of 0.01618, and closed at 0.01576 with a low of 0.0156. Total 24-hour volume was 2,615,030.5 and turnover stood at 40.89 USDC. A strong bearish bias emerged in late trading hours, with price action suggesting a potential test of key support levels ahead.

Structure & Formations

Price action from 08:30 to 09:00 ET featured a large bearish engulfing pattern, confirming a shift in sentiment. A doji near 0.01589 at 01:45 ET marked a brief consolidation pause. Key resistance levels appear at 0.01595–0.01598, while support is likely found between 0.0158 and 0.01582. The 0.01598 level has previously acted as both a cap and a reversal zone, making it a key focal point for near-term direction.

Moving Averages

On the 15-minute chart, the 20SMA (0.01593) and 50SMA (0.01595) currently sit just above the current price, indicating bearish divergence. The 200EMA on the daily chart is at 0.016, further suggesting a potential short-term continuation of the downtrend. Price may test the 50EMA (0.01601) as a critical level in the coming hours.

MACD & RSI

The MACD turned negative after 08:30 ET, with a bearish crossover confirming weakening momentum. RSI has fallen below 50 and is currently at 36, suggesting the pair may not yet be oversold but is trending toward it. A pullback to RSI 30 could indicate deeper bearish exhaustion, though confirmation of a rebound would be necessary for a reversal.

Bollinger Bands

Volatility expanded in the early morning hours, with Bollinger Bands widening as price moved between 0.01598 and 0.0158. The current price sits just below the mid-band and closer to the lower band, suggesting increasing bearish pressure. A break below the lower band could signal a continuation of the trend.

Volume & Turnover

Volume surged between 08:30 and 09:00 ET, with over 276,000 units traded in that period. This coincided with the lowest price of the 24-hour window. Notional turnover spiked in line with price action, indicating strong conviction in the bearish move. A divergence between volume and price may emerge if the decline continues without a rise in turnover, signaling potential exhaustion.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.0156–0.01618 swing, price has fallen to the 61.8% level at 0.0158. A break below 0.01574 would test the 78.6% level, with 0.0156 as a key floor. On the daily chart, the 38.2% retracement at 0.01595 has shown repeated resistance and may now act as a support on any bounce.

Backtest Hypothesis

The backtesting strategy described assumes a mean-reversion setup using a 20SMA and 50SMA crossover with RSI confirmation. The current bearish divergence in RSI and negative MACD suggest a short-term continuation of the trend, aligning with a trend-following approach. A buy signal may only emerge if price retraces above 0.01598 and RSI crosses above 50. Sell signals remain valid if the 0.01582 level is breached with strong volume confirmation.