Market Overview for Scroll/Bitcoin (SCRBTC) on 2025-11-03

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• SCRBTC consolidates near 1.56e-06, with intraday high of 1.97e-06 and low of 1.46e-06, showing sharp 24-hour volatility.
• Price tested key resistance near 1.67e-06 but failed to hold, with volume declining after the peak at 1.97e-06.
• Turnover surged at 01:15 ET as price spiked to 1.97e-06 but faded later, suggesting short-term speculative interest.
• MACD and RSI suggest overbought levels earlier, now returning toward neutral territory with mixed momentum.
• Volatility is wide and inconsistent, with Bollinger Bands indicating high price dispersion and no clear mean reversion.

Scroll/Bitcoin (SCRBTC) opened at 1.55e-06 at 12:00 ET–1 and fluctuated sharply within the 24-hour period, reaching an intraday high of 1.97e-06 and a low of 1.46e-06 before closing at 1.53e-06 at 12:00 ET. Total traded volume was 668,130.3 SCRBTC, while notional turnover (based on volume × price) amounted to approximately $1,021.35 (assuming $0.000001 = $650 BTC/USD equivalent).

Over the past 24 hours, SCRBTC exhibited high volatility, with the price forming multiple tops and bottoms. Key resistance was observed near 1.67e-06 and 1.94e-06, where multiple reversal and consolidation patterns emerged. A notable bearish engulfing pattern was observed at 03:45 ET, following a large bullish candle from 01:15 ET. These patterns suggest increasing bearish pressure after a sharp rally.

Bollinger Bands indicate a wide range of price distribution, with SCRBTC frequently touching and even breaching the upper band. This suggests elevated volatility and potentially speculative activity rather than a defined trend. The RSI moved into overbought territory during the 01:00–02:00 ET window, but has since returned to neutral levels. The MACD line crossed the signal line during the early rally, signaling short-term bullish momentum, but has since flattened, indicating weakening bullish momentum.

The 20-period and 50-period EMA on the 15-minute chart have not crossed during the past 24 hours, indicating a lack of a defined short-term trend. Volume appears to confirm the early rally but diverges from the price action later in the session, with declining volume accompanying price declines—this may suggest exhaustion in the bearish move. Fibonacci retracement levels drawn from the 1.97e-06 peak and 1.46e-06 trough indicate potential support near 1.55e-06 and 1.65e-06, both of which SCRBTC has tested within the period.

Backtest Hypothesis: A potential RSI-oversold backtesting strategy would require accurate RSI data for SCRBTC over a longer historical period. The current dataset does not allow for full strategy validation. If SCRBTC is supported and RSI data is available, a 3-day hold strategy using RSI < 30 as an entry signal could be tested. Given recent volatility and mixed momentum indicators, SCRBTC could be a candidate for further RSI-based strategy testing if data becomes available.