Market Overview: Siacoin/Ethereum (SCETH) — 2025-10-13

• Siacoin/Ethereum traded in a narrow range today, with price consolidating around $0.00000054.
• Volume was muted for most of the day but surged during the 17:15 ET candle, signaling a potential shift.
• A bearish break below $0.00000053 could trigger further downside pressure.
• RSI and MACD remain near neutral, with no clear overbought or oversold signals.
• Bollinger Bands showed mild contraction, hinting at low volatility.

Siacoin/Ethereum (SCETH) opened at $0.00000055 at 12:00 ET–1 and closed at $0.00000054 by 12:00 ET, with a high of $0.00000055 and a low of $0.00000053. Total volume for the 24-hour period was 5,811,077.0 units, while notional turnover was minimal due to the tight price range.

The price action showed a lack of directional bias over much of the day, with the notable exception of the 17:15 ET candle. During this period, SCETH dropped to $0.00000053 and saw a large volume spike of 569,617.0 units, suggesting increased bearish pressure. This candle may indicate a potential support level forming near $0.00000053, and a break below this could lead to further consolidation or a test of earlier lows.

Candlestick formations were largely uneventful, with most candles closing near their open and forming spinning tops or very small bodies. However, the 17:15 ET candle stands out as a potential engulfing pattern, with the bearish shadow consuming the previous bullish body. This could signal a possible shift in sentiment toward the downside.

Relative Strength Index (RSI) remained neutral throughout most of the day, fluctuating between 48 and 52, with no clear overbought or oversold signals. The MACD histogram showed a mixed picture, with a slight bearish divergence in the 17:15 ET hour but no strong trend formation. Bollinger Bands reflected low volatility, with prices tightly contained near the midline. A breakout from this range could trigger increased volatility and momentum either direction.

Volume spiked significantly during the 17:15 ET candle and remained elevated for a short period afterward, which appears to confirm the bearish move at that time. However, volume dried up for several hours after the peak, suggesting that the move lacked follow-through. Turnover remained low throughout the day, reinforcing the idea that the market was largely range-bound and uneventful. Divergences between price and volume were not significant, and the move appeared to be supported by trading activity.

Bollinger Bands showed mild contraction for much of the day, indicating low volatility and a potential buildup for a breakout. Price remained within the bands but showed no clear bias toward the upper or lower boundaries. The 20-period moving average (on the 15-minute chart) remained flat near $0.00000054, suggesting a period of consolidation.

Fibonacci retracement levels were drawn on the 15-minute chart from the high of $0.00000055 to the low of $0.00000053. Key levels at 38.2% ($0.00000054) and 61.8% ($0.000000535) were in play. SCETH briefly dipped below the 61.8% retracement but quickly bounced back into the range. These levels may serve as potential support/resistance areas in the near term.

Looking ahead, SCETH appears to be in a consolidation phase. A break below $0.00000053 could trigger further downside, while a rebound above $0.000000545 could indicate renewed bullish momentum. Investors should closely monitor the 17:15 ET candle low for signs of further support breakdown.

Backtest Hypothesis

The proposed backtest strategy involves selling on every MACD death cross and holding the position for 14 days. To execute this, a clear and resolvable price series for SCETH is required. Currently, the system is unable to recognize the symbol, likely due to either a typo in the ticker or the absence of a standard reference for the pair (e.g., a specific exchange code or data vendor symbol). Once the correct symbol is identified or the price data is provided, the MACD death-cross events can be calculated and the backtest can be run using historical data from 2022 to the present.