Market Overview for Siacoin/Ethereum (SCETH) – 2025-09-25

• SCETH traded in a tight range all day, with no directional breakout above 6.6e-07.
• Price action showed consolidation with no bullish or bearish momentum signals.
• Volume activity was largely flat, with a sharp increase noted late in the session.
• RSI indicated neutral momentum; no overbought or oversold conditions were observed.
• Bollinger Bands remained narrow, reflecting low volatility for the 24-hour period.

Siacoin/Ethereum (SCETH) opened at 6.5e-07 on 2025-09-24 at 12:00 ET and closed at 6.5e-07 on 2025-09-25 at 12:00 ET, with a high of 6.7e-07 and a low of 6.4e-07. Total volume for the 24-hour window was 10,999,244.0, and notional turnover amounted to approximately $7.15 (assuming SCETH at $3,400 for Ethereum volume). The price action remained range-bound with minimal directional bias.

Structure & Formations

The 24-hour chart displayed a flat trading range between 6.4e-07 and 6.7e-07, with no clear bullish or bearish candlestick patterns emerging. Several minor retracements occurred around key price levels, but no significant support or resistance was broken. The 15-minute candles showed a slight bullish reversal at 09:45 ET with a high of 6.7e-07, but this failed to sustain momentum. A bearish rejection candle appeared at 10:30 ET as price dropped from 6.5e-07 to 6.4e-07. These formations suggest indecision in the market with no strong directional bias.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remained flat and closely aligned, reinforcing the range-bound nature of the asset. The 50-period SMA hovered slightly above the 20-period, suggesting mild bearish bias but with no divergence observed. On the daily chart, the 50, 100, and 200-period moving averages also showed little movement, with price hovering just above the 200-period line, indicating a neutral to slightly bullish setup but without conviction.

MACD & RSI

The MACD histogram remained clustered around zero, with no significant positive or negative momentum observed during the 24-hour period. The RSI oscillator fluctuated between 48 and 52, confirming the lack of overbought or oversold conditions. This suggests the market remained in equilibrium, with no immediate likelihood of a breakout or breakdown.

Bollinger Bands

Bollinger Bands remained narrow for most of the 24-hour window, indicating low volatility. At the end of the session, there was a mild expansion as volume increased, suggesting potential for a directional move, though it remains to be seen whether the market will break the 6.7e-07 resistance or 6.4e-07 support levels.

Volume & Turnover

Volume remained largely flat throughout the day, with occasional spikes occurring late in the session. Notably, the 03:30 ET candle displayed a volume of 3.8 million, which could indicate institutional or large player interest. However, no significant price reaction followed, and turnover did not confirm any of the price moves. There was a divergence in the final hours of the session as volume surged but failed to push price above the upper Bollinger Band.

Fibonacci Retracements

Applying Fibonacci levels to the most recent 15-minute swing from 6.4e-07 to 6.7e-07, the 38.2% retracement level sits at 6.545e-07, and the 61.8% level is at 6.535e-07. Price briefly tested these levels but failed to hold. For daily swings, Fibonacci levels did not show any significant activity, as the price remained flat. These retracement levels may serve as key psychological thresholds if the price begins to show directional intent.

Backtest Hypothesis

Given the lack of directional movement and the flat structure observed in SCETH, a suitable backtesting hypothesis could involve a mean-reversion strategy based on Bollinger Bands and RSI. The approach would trigger long positions when the RSI dips below 40 and price touches the lower Bollinger Band, while short positions would open when RSI rises above 60 and price nears the upper band. Stops would be placed just outside the bands, with a target of 5-8% of the range width. This strategy aligns with the observed volatility and neutrality in momentum, aiming to capitalize on small, recurring swings in a low-volatility environment.