Market Overview for Animecoin/USDC (ANIMEUSDC) – October 7, 2025

• Price fell from a 24-hour high of $0.01542 to close at $0.01416.
• Key support tested at $0.01412–0.01417; RSI indicates oversold conditions.
• Volume spiked during the sharp selloff, but turnover diverged from price.
• Bollinger Band contraction and Fibonacci 61.8% level align with recent support.
• MACD negative divergence suggests bearish momentum may continue.

Price and Volume Summary

Animecoin/USDC (ANIMEUSDC) opened at $0.01506 on October 6 at 12:00 ET and closed at $0.01416 on October 7 at 12:00 ET. The 24-hour high was $0.01542, and the low was $0.01412. Total volume traded over the 24-hour period was 5,252,742.2 USDC, while the total notional turnover amounted to $75,640.53 (based on USDC prices).

Structure & Formations

The price action over the past 24 hours featured a strong bearish trend, marked by a sharp decline from $0.01542 to $0.01416. Key support levels emerged around $0.01412–0.01417, where the price found temporary relief. A bearish engulfing pattern formed during the early hours of October 7, confirming the continuation of downward momentum. A doji appeared at $0.01489, suggesting indecision, but the price continued its decline afterward.

Key Resistance/Support Levels

• Resistance 1: $0.01502–0.01506
• Support 1: $0.01412–0.01417
• Support 2: $0.01441–0.01445

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Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages are both below the price, reinforcing the bearish trend. The 50-period MA crossed below the 20-period MA earlier in the session, confirming a bearish crossover. On the daily chart, the 50/100/200-period moving averages all suggest bearish momentum, with the price trading well below all three lines.

The MACD line is negative and declining, indicating sustained bearish momentum. The histogram is narrowing, suggesting that the bearish force may be exhausting slightly. However, the signal line remains below the MACD line, maintaining the bearish signal.

The RSI has fallen into oversold territory (below 30), indicating potential for a near-term bounce. However, due to the divergence in MACD and the lack of bullish confirmation, the RSI signal may not translate to a reversal. A closing above $0.01450 would signal a potential shift in sentiment.

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Bollinger Bands and Volatility

Volatility increased during the sharp sell-off in the morning hours of October 7, with the Bollinger Bands expanding as price dropped sharply below the lower band. The price spent a significant portion of the session within the bands, but the contraction seen in the early morning (before the sell-off) suggests low volatility and potential for a breakout. Currently, the price is close to the lower band at $0.01412, aligning with the 61.8% Fibonacci retracement level of the recent $0.01542–0.01412 move. A break below the lower band could indicate further weakness.

Volume and Turnover

Volume surged during the sharp sell-off, with over 1.2 million USDC traded at the $0.01441–0.01417 level, confirming the bearish momentum. However, notional turnover did not match the volume increase, suggesting the decline may have been driven by smaller trades. A divergence in volume and turnover at the $0.01480–0.01484 level suggests a lack of conviction in the earlier rebound attempt. Overall, the volume profile supports the bearish case.

Fibonacci Retracements

Applying Fibonacci retracements to the recent $0.01542–0.01412 decline shows that the 61.8% level coincides with the current price near $0.01416. This level acted as a temporary floor during the session. The 38.2% level at $0.01461 is a potential bounce target, but failure to close above it could trigger a test of the $0.01412–0.01417 support zone.

Backtest Hypothesis

The backtest strategy outlined involves using a combination of the RSI and MACD to identify overbought or oversold conditions and confirm trend strength. On this day, the RSI entered oversold territory while the MACD confirmed bearish momentum through a negative divergence. The strategy would have entered short positions upon the bearish crossover of the 20 and 50-period MAs and the confirmation of RSI overbought/oversold levels. Given the divergence in MACD and the alignment of Fibonacci and Bollinger Band support levels, the strategy would likely have remained short, with a stop-loss placed just above $0.01450.