Market Overview for SuperVerse/Bitcoin (SUPERBTC) on 2025-09-21

• Price declined from 5.16e-06 to 5.04e-06, closing near session lows, with bearish momentum evident in RSI and MACD.
• Volatility expanded as price traded within a wide range, with key support around 5.04e-06 and resistance near 5.14e-06.
• Notional turnover hit $319,365, with increased buying interest at 5.06e-06–5.08e-06, but volume showed divergence with price.
• A potential 61.8% Fibonacci retracement level at 5.06e-06 may act as a near-term pivot point for a rebound.
• Bollinger Bands showed widening as price moved closer to the lower band, indicating increased bearish pressure.

SuperVerse/Bitcoin (SUPERBTC) opened at 5.16e-06 on 2025-09-20 at 12:00 ET and closed at 5.04e-06 on 2025-09-21 at 12:00 ET. The pair reached a high of 5.16e-06 and a low of 5.04e-06 over the 24-hour period. Total trading volume amounted to 119,609 contracts, with notional turnover reaching $319,365.

The 15-minute chart shows a bearish trend, with price repeatedly failing to hold above 5.14e-06—a potential short-term resistance. A key support level is forming at 5.04e-06, where price found a floor in the late afternoon and again in the early evening. A notable bearish engulfing pattern formed at 5.14e-06–5.12e-06, confirming the shift in sentiment. The 20-period moving average has crossed below the 50-period moving average on the 15-minute chart, reinforcing the short-term bearish bias.

The MACD line is in negative territory and declining, while the signal line has begun to turn down, signaling continued bearish momentum. The RSI is currently at 28, indicating oversold conditions, but without a clear reversal pattern on the candlestick chart, a rebound may be limited. The Bollinger Bands have expanded, with the price nearing the lower band, suggesting increased volatility and bearish pressure. Price traded within a range of ~5.16e-06 to ~5.04e-06, with no clear breakout observed.

Fibonacci retracement levels drawn from the high (5.16e-06) to the low (5.04e-06) show that the 61.8% retracement at 5.06e-06 may act as a key pivot point. If buyers fail to hold this level, further downside to 5.03e-06 could be possible. Notional turnover spiked at 5.06e-06–5.08e-06, but volume failed to confirm a strong bearish close, hinting at potential consolidation ahead.

The backtesting strategy under evaluation aims to exploit short-term bearish momentum and Fibonacci levels. It uses RSI as a trigger, entering a short position when RSI falls below 30 and price breaks below a key Fibonacci level. Stops are placed slightly above the most recent swing high, and exits occur either on a 61.8% retracement or when RSI crosses back above 50. This strategy would have captured the recent 5.16e-06–5.04e-06 move effectively, particularly if the 61.8% level at 5.06e-06 acts as a pivot. A forward-looking test of the strategy over multiple 15-minute bars could refine optimal entry and exit parameters based on current market behavior.