Market Overview: Scroll/Bitcoin (SCRBTC) 24-Hour Summary (11-13-2025)

Summary
• SCRBTC closed at 1.47e-06 after reaching a high of 1.50e-06.
• Price consolidated near 1.48e-06 with limited volatility.
• Volume dropped significantly after initial morning spike.

Structure & Formations

Scroll/Bitcoin (SCRBTC) formed a consolidating pattern around the 1.48e-06 level, with a small bullish reversal observed at 1.49e-06. A key support appears to have been tested at 1.45e-06, which held briefly before buyers re-entered. The absence of bearish continuation patterns suggests sellers may be losing control after the early consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned around 1.47e-06–1.48e-06, indicating no strong directional bias at this time. The 200-period daily MA has been flat, which suggests a neutral bias for the broader trend.

MACD & RSI

The 15-minute MACD line crossed into positive territory mid-session but failed to maintain momentum. RSI has been range-bound between 50 and 60, reflecting a balanced market with no clear overbought or oversold conditions. This implies that the current price may continue to consolidate in the near term.

Bollinger Bands

Volatility has expanded slightly as price tested the upper Bollinger Band around 1.49e-06, but it retracted into the middle band. The narrowing of bands earlier in the day suggested a low-volatility phase, which has since reversed with moderate price movement. Price remains within the 1.45e-06–1.50e-06 range.

Volume & Turnover

Turnover spiked mid-morning as price moved toward the high of 1.50e-06 but dropped significantly in the afternoon and evening. The lack of sustained volume behind the price action suggests the move to 1.50e-06 may lack conviction. A divergence between volume and price suggests buyers may be hesitant to enter above 1.48e-06.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from 1.45e-06 to 1.50e-06, key levels include 61.8% at 1.47e-06 and 38.2% at 1.48e-06. Price found support at 1.47e-06 and appears to be consolidating around the 38.2% retracement level, which could be a key area to watch for the next 24 hours.

Backtest Hypothesis

Given the recent RSI behavior (range-bound between 50–60) and the absence of strong overbought or oversold signals, a basic RSI-based strategy would likely miss many entry opportunities on SCRBTC in the next 24 hours. However, if the market begins to show clear directional momentum, a strategy based on RSI above 70 as a long entry and a reversion to 50 as an exit could be tested using daily data. Please confirm the exact symbol (e.g., "SCR/BTC" on a specific exchange) for further RSI and backtesting execution.