Market Overview for Animecoin/USDC (ANIMEUSDC): 24-Hour Summary as of 2025-10-08

• Animecoin/USDC opened at $0.01421 and closed at $0.01405, with a 24-hour range of $0.01431 to $0.0139.
• Price action showed a bearish bias, with a key support forming near $0.01405 and resistance at $0.01413.
• High volume and turnover surges occurred in the early hours, hinting at potential accumulation or distribution.
• RSI suggests overbought conditions earlier in the day were followed by a reversal into oversold territory.
• Volatility expanded during sharp declines, with price frequently testing lower Bollinger Band levels.

24-Hour Price and Volume Summary

Animecoin/USDC (ANIMEUSDC) opened at $0.01421 at 12:00 ET – 1 and closed at $0.01405 at 12:00 ET on October 8, 2025, with a high of $0.01431 and a low of $0.0139. The 24-hour trading volume amounted to approximately 1.094 million units, with total notional turnover at $15,348.55. The price action was characterized by a bearish drift after a short-lived rally in the early evening.

Structure & Formations

Price found key resistance at $0.01413, with a series of bearish engulfing patterns and rejection candles observed around that level. A potential support zone emerged near $0.01405, where price found a floor in the early morning and late afternoon. A long-legged doji at $0.01418 signaled indecision and hinted at potential trend reversal or consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into bearish alignment by late night, suggesting a short-term downward bias. For the daily timeframe, the 50/100/200-period MAs appear to be converging into a bearish formation, with price failing to hold above the 50-period MA for most of the 24-hour window. This could indicate a continuation of the current bearish trend.

MACD & RSI

The MACD remained negative throughout the day, with a bearish crossover occurring at 3:30 AM and no significant bullish divergence following. RSI dipped below 30 in the late morning, indicating oversold conditions, but failed to trigger a strong reversal. This suggests that the bearish momentum may persist unless a strong volume-driven reversal forms near key support levels.

Bollinger Bands

Volatility increased significantly during sharp declines, with price frequently touching the lower Bollinger Band in the early morning and late afternoon. This volatility expansion could indicate increased distribution or uncertainty among traders. A contraction in the bands was observed briefly in the mid-afternoon before another leg lower occurred.

Volume & Turnover

Volume surged in the early morning and late afternoon, with two distinct spikes around 4:30 AM and 8:30 PM, corresponding to sharp price declines. Notional turnover mirrored the volume pattern but showed a divergence in the late morning when price stabilized but turnover remained elevated. This divergence could signal accumulation near current support levels.

Fibonacci Retracements

Fibonacci retracement levels from the recent 15-minute high at $0.01431 to the low at $0.0139 showed price pausing at key levels such as 38.2% ($0.01419) and 61.8% ($0.01409). These levels coincided with rejection candles and consolidation patterns, suggesting they are acting as temporary barriers.

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions on a break below the 61.8% Fibonacci level ($0.01409) with a stop-loss above the 78.6% level ($0.01415). A take-profit target could be placed near the 100% extension level ($0.01382). This approach leverages the observed bearish momentum, Fibonacci support levels, and confirmation from bearish candlestick patterns and MACD divergence. The key to success lies in timing the break of a key support and ensuring volume confirms the move.