Market Overview for Mina/Bitcoin (MINABTC) - October 25, 2025

• Mina/Bitcoin (MINABTC) drifted lower by ~0.53% over 24 hours amid subdued volume.
• Price remained within a tight consolidation range between 9.3e-07 and 9.6e-07, with no clear breakout.
• A bearish rejection pattern emerged in the early morning ET, confirmed by a sharp intraperiod drop.
• RSI remained in neutral territory, suggesting no immediate overbought or oversold conditions.
• Volatility appeared to contract, with price activity largely contained within Bollinger Bands.

Mina/Bitcoin (MINABTC) opened at 9.6e-07 on October 24 at 12:00 ET and closed at 9.3e-07 by October 25 at 12:00 ET. The 24-hour range was 9.3e-07 to 9.6e-07, with a closing price below the open. Total volume across the period was approximately 108,704.6 units, and total turnover reached 0.1023 BTC. The asset remained in a tight range, with bearish sentiment apparent in the latter half of the session.

Structure and Formation on the 15-minute chart suggest a bearish bias, with several rejection candlesticks visible, particularly from 02:15 ET onward. A key support level appears to have formed around 9.3e-07, where price has tested twice and bounced back modestly. No clear resistance levels have emerged above 9.4e-07. A bearish engulfing pattern was noted around 02:15 ET, reinforcing the downward pressure. A doji near 04:45 ET suggests indecision but has not yet triggered a reversal.

The 20-period moving average remained above the 50-period line, indicating a neutral to slightly bearish trend. On the daily chart, the 50-day average is still above the 200-day line, maintaining a broadly bullish trend over a longer horizon. However, recent 15-minute price action has failed to close above the 20-period MA, which may signal a short-term correction phase.

The MACD showed a bearish crossover in the early hours, with the signal line dropping below the histogram. RSI hovered between 40–55, indicating moderate momentum with no signs of overbought or oversold conditions. Bollinger Bands showed a moderate contraction in the middle of the session, followed by a slight expansion, with price staying near the lower band most of the day. This suggests a lack of volatility and consolidation rather than a breakout.

Volume was generally subdued, with the exception of a large spike at 02:15 ET when the bearish engulfing candle formed. This volume confirmed the bearish sentiment but failed to push the price below 9.3e-07. Notional turnover mirrored the volume profile, with the bulk of activity concentrated in the early hours. No significant divergence between price and turnover was observed, suggesting the bearish move is still aligned with volume.

Applying Fibonacci retracement levels to the most recent 15-minute swing from 9.6e-07 to 9.3e-07, key retracement levels sit at 9.46e-07 (38.2%) and 9.42e-07 (61.8%). Price has tested the 61.8% level twice without breaking through, suggesting it may act as a short-term support. On the daily chart, Fibonacci levels from the broader swing over the past week show a potential support zone at 9.3e-07, where the price has bounced twice.

Backtest Hypothesis

The backtest strategy described focuses on the 14-day RSI indicator as a momentum oscillator for potential buy and sell signals. Given the recent RSI behavior in the 40–55 range, the RSI has not reached overbought (70) or oversold (30) levels, suggesting the strategy would not have generated any signals during this 24-hour period. To refine the backtest, confirmation is needed regarding the correct ticker symbol for the Harbor Alpha Layering ETF and whether the default parameters (14-period RSI, 30/70 thresholds, close-to-close entry) are preferred or if alternative values are intended. Once this information is confirmed, the full RSI series can be retrieved and integrated into the backtesting framework.