Market Overview for Animecoin/USDC (ANIMEUSDC) on 2025-10-31

• Animecoin/USDC traded in a tight range with a bearish bias, closing near session lows.
• Volume increased in the afternoon before stabilizing late, suggesting fading selling pressure.
• RSI and MACD signaled weakening momentum with no clear overbought or oversold extremes.
• Price held above a key support level near 0.0082–0.0083, with Fibonacci retracements showing 0.00825 as a potential floor.

At 12:00 ET on 2025-10-31, Animecoin/USDC (ANIMEUSDC) opened at 0.00843 and traded between 0.00812 and 0.00872 over the past 24 hours, closing at 0.00871 at 12:00 ET. Total volume reached 1,545,912.0 units, with a notional turnover of approximately $13,488.21 (assuming USDC = USD).

The price action over the 15-minute chart showed a consolidation pattern after a morning rally, where a bearish breakdown attempt occurred around 0.0084–0.0085, only to be rejected by a support zone forming around 0.0082–0.0083. A bearish engulfing pattern formed early in the session before buyers stepped in mid-day. Price action suggests buyers may be defending key support levels, while sellers appear to be losing momentum as volume declines in the last few hours of the session.

Structure & Formations

A clear bearish breakdown attempt emerged around 0.0084–0.0085, evidenced by a series of bearish engulfing and dark cloud cover patterns. However, the market found support at 0.0082–0.0083, with a potential bullish harami forming as buyers pushed price higher after a consolidation period. The key resistance zone now appears to be between 0.00869 and 0.00873, which could act as a pivot for short-term direction.

Moving Averages

On the 15-minute chart, the 20-EMA (0.00853) and 50-EMA (0.00858) were in a tight cross, suggesting a potential sideways-to-bullish bias if price closes above 0.0086. On the daily chart, the 50-EMA (0.00845) and 100-EMA (0.00848) are converging, while the 200-EMA (0.00837) appears to be forming a potential support level. Price remains above both the 50 and 100 EMAs, signaling a bearish-to-neutral bias for the daily timeframe.

MACD & RSI

The MACD line (0.00003) crossed above the signal line (0.00001), suggesting a possible short-term bullish momentum shift. However, the histogram remains narrow, indicating cautious buying. RSI is at 54, suggesting neutral momentum with no immediate signs of overbought or oversold conditions. If the RSI breaks above 58 with strong volume, it may indicate renewed buying pressure.

Bollinger Bands

Price action remained within the 2σ Bollinger Bands (upper: 0.00873, lower: 0.00858), indicating stable volatility. The bands are widening slightly, suggesting increasing uncertainty or a potential breakout. Price found support at the lower band in the late afternoon, which may indicate buyers stepping in before a potential retest of the upper band in the next 24 hours.

Volume & Turnover
Volume increased during the midday sell-off, reaching a peak of 184,097.7 units around 02:15 ET, followed by a sharp decline in the late afternoon. Notional turnover spiked during this period as well, reaching $1,597.09. The divergence between volume and price suggests that the sell-off may have exhausted itself, with buyers stepping in as the volume tapers off.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing low (0.00822) and high (0.00870), key retracement levels at 0.00844 (38.2%), 0.00855 (50%), and 0.00863 (61.8%) appear to be critical levels to watch. Price is currently hovering near the 61.8% retracement, suggesting a possible pause or reversal. On the daily chart, the 61.8% retracement level (0.00857) appears to be acting as support for now.

Backtest Hypothesis

A potential backtest strategy could focus on detecting bearish engulfing patterns in the 15-minute timeframe and testing the efficacy of shorting on the close of the pattern candle, with a stop-loss placed above the engulfing high and a target at the prior swing low. Given the recent bearish structure and volume confirmation, this pattern-based approach may align with the observed behavior of Animecoin/USDC, particularly in the morning session. Testing this strategy from 2022-01-01 through 2025-10-31 would provide a performance baseline, assuming consistent market conditions.