Market Overview: Animecoin/USDC (ANIMEUSDC) on 2025-10-10

• Animecoin/USDC surged 0.91% over 24 hours amid increased buying pressure in late hours.
• RSI and MACD showed bullish momentum, but price remains below key 0.01393 resistance.
• Volatility expanded midday, with heavy volume spikes near 15:00–16:00 ET suggesting potential breakouts.
• Bollinger Bands widened after midday dip, indicating potential for a reversal or continuation.
• Fibonacci retracement at 0.01364 appears as key support, with mixed price behavior post-test.

The Animecoin/USDC (ANIMEUSDC) pair opened at 0.01364 on 2025-10-09 at 12:00 ET and closed at 0.01301 on 2025-10-10 at the same time, with a high of 0.01408 and a low of 0.01296. Total volume for the 24-hour window reached 2,115,714.0, while notional turnover was approximately $30,214.04, calculated using the mid-price for volume-weighted average.

The structure of the 24-hour candlestick chart shows a strong bullish bias in the morning and early afternoon, followed by a sharp decline in the late afternoon session. A significant bearish engulfing pattern appeared at 15:00–16:00 ET, with price falling from 0.01313 to 0.01301. Key support levels identified at 0.01364 (Fibonacci 38.2%) and 0.01333 (Fibonacci 61.8%), while resistance levels were seen at 0.01393 (previous high) and 0.01403. A doji near 0.01377 at 23:45 ET indicated indecision and potential reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed twice, signaling potential trend shifts. The 50-period moving average was at 0.01381 at the close, suggesting that the recent bearish move brought price below this key line. On the daily chart, the 50, 100, and 200-period moving averages all converged around the 0.01393–0.01403 range, reinforcing this as a critical resistance zone. A cross below the 200-period MA at this level could trigger a deeper correction.

MACD and RSI

The MACD showed a bearish crossover at 15:00 ET, with the signal line rising after a long bullish phase, indicating waning momentum. The RSI reached 78 at the high of 0.01408 before dropping sharply to 30 by the close, showing overbought to oversold conditions in under 4 hours. This rapid reversal suggests strong short-term sentiment shifts and could indicate a possible bounce if RSI stabilizes above 30.

Bollinger Bands

Bollinger Bands expanded in the late morning and early afternoon due to increased volatility, with price breaking the upper band at 0.01408 and then rapidly moving to the lower band by 16:00 ET. This wide-range movement suggests high uncertainty and could lead to consolidation or a sharp directional move in the next 24 hours. The recent price action appears to be forming a trading range between the 0.01364 and 0.01403 levels.

Volume and Turnover

Volume spiked significantly in the late afternoon, reaching over 761,393.3 at 15:45 ET, coinciding with the lowest price of 0.01296. This divergence between price and volume may indicate a potential bottom or a fake breakout attempt. Turnover also surged during this period, confirming the volume-driven nature of the move. A follow-up volume spike above 500,000 at the next resistance level could signal a reversal, while a quieter attempt may indicate a continuation of the downtrend.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.01296 to 0.01408, the 38.2% level at 0.01364 and the 61.8% at 0.01393 were both tested. The price action at 0.01364 was mixed, with a partial rejection followed by a retest, suggesting it may hold as a support level. On the daily chart, the 50% retracement of the recent move is at 0.01352, which is near the 13:00–14:00 ET price range and could be the next area of interest.

The next 24 hours will likely see continued volatility, with a probable test of the 0.01364 support and the 0.01393 resistance. Traders should watch for confirmation of a reversal via a strong bullish candle at 0.01364 or a rejection at 0.01393. However, the sharp decline in the last 90 minutes suggests increased risk, and a breakdown below 0.01301 could open the door for further downside.

Backtest Hypothesis

The backtesting strategy involves entering long positions when the 20-period moving average crosses above the 50-period on a 15-minute chart, combined with a confirmation candlestick pattern such as a bullish engulfing or a morning star. The strategy targets a 5% take profit and a 3% stop loss. Given the recent 20/50 MA crossover followed by a bullish engulfing pattern at 16:30 ET, this setup would have generated a long signal. However, the bearish engulfing at 15:00 ET contradicted the signal, highlighting the importance of filtering out conflicting signals with higher timeframe trends or additional indicators like RSI divergence.