Market Overview for Animecoin/USDC (ANIMEUSDC) – 2025-10-23

• Animecoin/USDC traded in a narrow range, with key resistance near $0.00934 and support at $0.00904
• Volume spiked during the initial 4-hour window, indicating early liquidity activity
• Price action showed a bearish bias after midday ET, with a decline of -1.08% over 24 hours
• RSI and MACD indicated weakening momentum, with price consolidating near 20-day MA
• Turnover dipped during the overnight hours, suggesting reduced speculative activity

Animecoin/USDC (ANIMEUSDC) opened at $0.00930 on 2025-10-22 at 12:00 ET and closed at $0.0092 at 12:00 ET on 2025-10-23. The 24-hour range was $0.00934 (high) to $0.00879 (low), representing a -1.08% decline. Total volume amounted to 909,866.3 units, with $8,373.16 in USDC turnover. The price action was bearish after 17:00 ET, with a prolonged descent below key psychological levels.

The chart structure highlighted resistance at $0.00934, where price stalled twice during the 24-hour window. Support levels emerged at $0.0092 and $0.00904, both of which provided temporary buying interest. A notable bearish engulfing pattern formed around 17:00 ET when price dropped from $0.00933 to $0.00928. This confirmed a shift in sentiment toward sellers. Doji were observed around $0.00927 and $0.00881, suggesting indecision.

Price remained below its 20-period (15-min) moving average for most of the window, indicating bearish bias. The 50-period MA crossed below the 20-period MA in the afternoon, reinforcing a short-term downtrend. For longer-term context, the 50-day MA was at $0.00931, while the 200-day MA was at $0.00928—suggesting a mixed near-term outlook.

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The 15-minute RSI fell below 30 around $0.00904, entering oversold territory, though price failed to rebound, signaling potential exhaustion among buyers. The MACD line remained below the signal line for most of the period, with a bearish crossover occurring at 17:00 ET. Bollinger Bands displayed a moderate expansion in the early hours, followed by a contraction during the overnight hours, indicating reduced volatility. Price tested the lower Bollinger band at $0.00904 but failed to break below it, suggesting the level may act as a floor.

Fibonacci retracement levels applied to the recent swing from $0.00934 to $0.00885 showed price rebounding near the 38.2% level at $0.00914, which coincided with the 50-period MA. The 61.8% retracement at $0.00903 also saw a bounce, validating its significance as a support level.

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Backtest Hypothesis
The described backtest strategy focuses on detecting Bullish-Engulfing patterns in the price of BLSH (an equity symbol), using daily close data from 2022 to 2025. It applies a stop-loss of 8% and no profit-taking rules. A similar approach could be adapted for Animecoin/USDC by identifying key bullish candlestick patterns (e.g., hammer, bullish engulfing) on the 15-minute chart and applying a fixed stop-loss. This could be useful for swing traders seeking to capitalize on short-term volatility without overexposure. However, the current price action suggests a bearish environment, so such a strategy would need additional filters—such as RSI or volume confirmation—to avoid false signals.

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