Market Overview for SuperVerse/Bitcoin (SUPERBTC) - 2025-10-13

• Price action saw a 24-hour high of $0.00000401 and closed near the high at $0.00000389 after a sharp rebound.
• Volatility spiked midday, with a large bullish candle on the 15-minute chart confirming a potential reversal.
• Notable volume surges occurred during the morning and late evening hours, but price failed to follow through on these.
• RSI suggests mild overbought conditions, while MACD indicates positive momentum, albeit not strongly.
• Bollinger Bands show a recent contraction, pointing to a potential breakout or reversal ahead.

24-Hour Summary

SuperVerse/Bitcoin (SUPERBTC) opened at $0.00000383 at 12:00 ET − 1 and reached a high of $0.00000401 before settling at $0.00000389 at 12:00 ET. The 24-hour candle formed a bullish pattern, with a low of $0.00000382 and a positive close. Total volume for the period was 87,464.0, and notional turnover was approximately $336.00 (assuming 1 SUPERBTC ≈ $1). The price action suggests a possible short-term reversal is under formation.

Structure & Formations

The 15-minute candlestick chart shows a sequence of bullish formations, including a morning Bullish Engulfing pattern at 19:30–20:00 ET, which signaled a potential reversal from bearish to bullish momentum. The key support levels observed were at $0.00000385 and $0.00000382, with the latter appearing to hold during a sharp pullback overnight. On the hourly chart, a Doji formed at 03:45–04:00 ET, indicating indecision and potential for a breakout. Resistance levels are located at $0.00000392 and $0.00000400, with the latter currently acting as a ceiling.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upward, with the 20SMA crossing above the 50SMA in the morning, signaling a bullish crossover. This has led to a short-term bullish bias. On the daily chart, the 50-period and 200-period moving averages are converging from below, with the 50SMA approaching the 200SMA. The 100SMA is slightly above both, indicating a potential support level as price consolidates around the 50SMA.

MACD & RSI

The MACD on the 15-minute chart showed a positive divergence with the price, confirming the bullish momentum in the early morning. The histogram expanded during the 19:30–20:00 ET window, aligning with the Bullish Engulfing pattern. Meanwhile, the RSI has been fluctuating within the 55–65 range, indicating moderate bullish momentum without reaching overbought territory. It currently stands at around 60, suggesting the market is not overly extended but still in a constructive trend.

Bollinger Bands

Volatility on the 15-minute chart was relatively stable during the early morning, but a contraction was observed during the 02:00–04:00 ET window. This contraction often precedes a breakout, and in this case, the price broke out to the upside shortly after. The current price is sitting near the upper band, indicating that the recent move has been strong but could face resistance at the upper Bollinger limit if bullish pressure wanes.

Volume & Turnover

Volume spiked significantly during the 19:30–20:00 ET window (6350.0 volume) and again during the 02:30–03:45 ET period (16506.0 volume), which coincided with strong price increases. However, the following periods showed lower volume despite continued consolidation, hinting at a possible lack of follow-through. Notional turnover mirrored volume patterns, with the largest notional turnover observed during the 02:30–03:45 ET window. Price and turnover aligned well during the morning rebound but diverged slightly in the late evening, which could suggest caution ahead.

Fibonacci Retracements

Applying Fibonacci retracement levels to the most recent 15-minute swing from $0.00000382 to $0.00000401, the 61.8% level is at $0.00000393, which the price has already tested twice. The 38.2% level is at $0.00000389, and the price is currently consolidating near this level. Daily Fibonacci levels from the recent low to the high suggest a 61.8% retracement at $0.00000397, which may become a key support/resistance zone over the next 24 hours.

Backtest Hypothesis

The Bullish Engulfing pattern observed at 19:30–20:00 ET could be the subject of a backtest strategy: “Buy on confirmed Bullish Engulfing patterns and hold for 3 days.” Given the recent behavior of SUPERBTC, where the pattern led to a sustained move above previous resistance, this could form a viable short-term trading signal. To evaluate this strategy, a backtest would need to be run on the ticker SUPERBTC from 2022-01-01 to today, focusing on 15-minute candle data for signal generation and 24-hour holding periods for profit/loss calculation. The goal would be to assess the win rate, average return, and risk-adjusted performance of the strategy in various market conditions.