Market Overview for Siacoin/Ethereum (SCETH) - 2025-09-20

• SCETH traded sideways with minimal price movement, confirming a range-bound 24-hour session.
• No notable candlestick patterns observed; all OHLC values were identical across intervals.
• Volume remained near zero for most of the period, with a minor spike at 15:15 ET.
• RSI and MACD showed no significant divergence, suggesting neutral momentum.
• Bollinger Bands indicated low volatility; price remained tightly packed within the band.

SCETH remained nearly flat during the 24-hour period from 12:00 ET on 2025-09-19 to 12:00 ET on 2025-09-20, opening and closing at $0.00000065. The highest and lowest prices were identical at $0.00000065, indicating no directional bias. Total volume traded was 178,575.0 SCETH, while notional turnover remained minimal. Investors should remain cautious of low-liquidity conditions.

Structure & Formations

Price action displayed a flat profile with no identifiable candlestick patterns such as dojis or engulfing patterns. The lack of price differentiation in OHLC values suggests extremely low volatility and minimal trading interest. A potential support/resistance level can be identified at $0.00000065, where the price has remained anchored for the entire 24 hours.

Moving Averages

Short-term moving averages (20/50 period) on the 15-minute chart closely track the price, indicating a flat trend. On a daily chart, the 50/100/200-period MAs are aligned, reinforcing the sideways bias. No clear trend divergence is currently present, and the price is unlikely to break this consolidation without a significant catalyst.

MACD & RSI

The MACD oscillator and signal line remain near zero, confirming the neutral momentum. The RSI hovered around the 50 level, suggesting neither overbought nor oversold conditions. The absence of divergences implies that momentum remains aligned with price. These indicators suggest that no immediate reversal or continuation pattern is likely in the near term.

Bollinger Bands

Bollinger Bands have contracted significantly, with the price remaining tightly clustered within the narrow band. This volatility contraction is typically a precursor to a breakout or continuation, though no such move has materialized yet. Investors should monitor the band’s potential expansion for early signals of direction.

Volume & Turnover

Volume was nearly nonexistent for most of the period, with only a few spikes in the late hours of the day. The largest spike occurred at 15:15 ET, with 72,000 SCETH traded, coinciding with a brief high of $0.00000066. However, this price level was not sustained, and turnover did not confirm the move. The low volume suggests limited conviction from market participants.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute chart reveals no meaningful retracement levels due to the flat price movement. Daily retracements also show little relevance, as the pair has not experienced a measurable trend. A retracement of 38.2% or 61.8% would require a directional move first.

Backtest Hypothesis

The proposed backtesting strategy relies on detecting low-volume consolidation followed by a breakout signal using the RSI and Bollinger Bands. A typical setup would involve entering a trade when RSI crosses above 50 in conjunction with a Bollinger Band squeeze breaking higher. Given the recent SCETH data, the conditions are not yet met, but the setup could be tested in future sessions with similar price behavior. This strategy would aim to capture early momentum while managing risk through tight stop-loss placement.