Market Overview for Siacoin/Ethereum (SCETH) on 2025-11-05

Summary
• SCETH consolidates near 5.1e-07 after a brief push to 5.3e-07.
• Low volume suggests weak conviction despite minor bullish attempts.
• Key resistance at 5.3e-07 and support at 5.1e-07 appear to anchor movement.

At 12:00 ET–1 on 2025-11-04, SCETH opened at 5.1e-07, hitting a high of 5.3e-07 and a low of 5e-07 before closing at 5.1e-07 by 12:00 ET. Total volume over the 24-hour period was 11,142,830.0, with a turnover of approximately 5.48 USD. The price remains range-bound, with minimal momentum shifts observed in the 15-minute OHLCV data.

The 15-minute chart shows consolidation around the 5.1e-07 level, with price repeatedly testing the 5.3e-07 resistance without sustaining a breakout. A few minor bullish attempts occurred in the evening (ET), most notably a push to 5.3e-07 between 19:00 and 20:30 ET, but these were quickly reversed. A small bearish divergence emerged after 22:15 ET, as price moved lower while volume remained muted, signaling potential exhaustion in the short-term bearish bias.

MACD appears flat with no clear divergence, suggesting a lack of directional momentum. The RSI remains within neutral territory, with no strong overbought or oversold signals over the 24-hour period. Bollinger Bands have narrowed slightly over the past 6 hours, indicating a potential prelude to a breakout attempt, though no meaningful expansion or reversal has occurred. 20-period and 50-period moving averages are closely aligned, reinforcing the range-bound character of the market.

Fibonacci retracement levels applied to the recent 5e-07 to 5.3e-07 swing show key psychological levels at 5.1e-07 (38.2%) and 5.23e-07 (61.8%). The price has stalled just below 61.8% retracement, indicating cautious bearish sentiment. No clear bullish or bearish engulfing patterns or dojis have emerged, and most candles have closed near their midpoints, signaling indecision.

Backtest Hypothesis
To evaluate potential entry signals for SCETH, a Bullish Engulfing candlestick pattern would be ideal for detecting short-term reversal setups. However, the current data feed does not recognize the “SCETH” ticker, preventing automated strategy backtesting. To proceed, the correct ticker symbol must be verified or an alternative dataset provided. Once the price series is accessible, a 3-day holding strategy can be backtested from 2022 to present, measuring the viability of the Bullish Engulfing pattern in this pair.