Market Overview for Animecoin/USDC on 2026-01-07

Summary
• Price surged past 0.0076 after a bullish engulfing pattern formed near 0.0075.
• Momentum accelerated with RSI above 70 and MACD divergence.
• Volume spiked 10x in early hours, confirming strength in the breakout.
• Price now testing upper Bollinger Band and 50-period MA on 5-minute chart.
• Fibonacci 61.8% retracement at 0.00765 may offer near-term support.

Market Overview

At 12:00 ET on 2026-01-07, Animecoin/USDC (ANIMEUSDC) opened at 0.0072, surged to a high of 0.00829, and closed at 0.00758 after hitting a low of 0.00722. The pair saw a total volume of ~10.2 million USDC and a notional turnover of ~$79,187,000 over 24 hours.

Price Action and Key Levels

Price broke decisively above the 0.0076 psychological level following a strong rally driven by a bullish engulfing pattern on early morning data. Key resistance levels at 0.0079 and 0.0081 have been tested and partially held, with the 50-period 5-minute MA acting as a dynamic support during pullbacks. On the daily chart, the 50-day MA sits at ~0.00745, suggesting a potential pivot point for near-term direction.

Momentum and Volatility

RSI pushed above 70 in the morning, signaling overbought conditions, while MACD showed a bullish crossover with positive divergence. Volatility increased significantly as Bollinger Bands widened post-breakout. Price remains above the 20-period MA on 5-minute data, suggesting continued conviction in the upside.

Volume and Turnover Insights

Volume spiked sharply in the early hours (05:30–06:45 ET) with a cumulative volume surge from ~3.5 million to over 10 million USDC, indicating strong buyer interest. Turnover also saw a step-up in activity, aligning with the price increase and suggesting order-flow confirmation of the move. No significant divergences were observed between price and turnover.

Looking ahead, the 0.00829 high could be retested with a 0.0084 ceiling in view. However, a pullback toward the 0.00754–0.0076 Fibonacci retracement may offer a buying opportunity. Traders should remain cautious of a potential reversal if RSI fails to stay above 60 or if volume cools off.