SCETH Market Overview: September 24, 2025

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• SCETH consolidates near 6.5e-07 amid flat candlestick patterns and low volume.
• Price action shows no clear directional bias but appears range-bound with limited volatility.
• A key intraday dip occurred at 17:15 ET before a volume spike at 03:30 ET reversed the trend.
• No overbought or oversold conditions identified in 24-hour RSI.

Siacoin/Ethereum (SCETH) opened at 6.6e-07 on 12:00 ET - 1, reached a high of 6.6e-07, and a low of 6.5e-07, closing at 6.5e-07 as of 12:00 ET. Total 24-hour trading volume was 2.38 million units, with notional turnover concentrated around key intraday volume surges, especially at 03:30 ET and 04:30 ET.

Structure & Formations

SCETH has remained in a narrow 1.5e-8 range for most of the 24-hour period. A minor intraday breakdown occurred at 17:15 ET, where the price closed at 6.5e-07 after a bearish gap in the open, but it was quickly absorbed by consolidation. A larger volume spike at 03:30 ET reversed the trend, pushing price back to the top of the range. No strong reversal patterns (e.g., doji, engulfing) emerged, but the low volatility and flat candles suggest a possible buildup for a breakout or breakdown in the next 24 hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have remained aligned within the 6.5e-07–6.6e-07 range, with the 20-period line slightly above the 50-period line in the morning, indicating a weak bullish bias. As the session progressed, the two lines flattened, aligning with the price consolidation. Longer-term daily MAs (50/100/200) are not expected to shift significantly given the low volatility and limited price movement.

MACD & RSI

MACD remains near the zero line, reflecting neutral momentum. RSI has been in the 45–50 range for most of the 24-hour period, showing no overbought or oversold conditions. A slight bearish divergence appeared during the 17:15 ET low, but it was quickly negated by the volume spike at 03:30 ET. Momentum appears to be stabilizing around the mid-range.

Bollinger Bands

Bollinger Bands have been tightly compressed for most of the day, reflecting low volatility. The price has spent the majority of the session within the 1 standard deviation band, with occasional touches near the upper and lower bands. A wider expansion may signal a breakout or breakdown attempt, but the current narrow range suggests indecision.

Volume & Turnover

Trading volume remained near zero for most of the session, with a dramatic increase occurring at 03:30 ET and peaking at 789,884 units in a single 15-minute interval. This coincided with a price return to the upper part of the range. Notional turnover, however, remained low due to the price being near a fixed level. The volume spike at 03:30 ET appears to have confirmed a short-term reversal, but further confirmation is needed for a trend continuation.

Fibonacci Retracements

Applying Fibonacci levels to the 6.5e-07–6.6e-07 swing, the 38.2% retracement is at 6.57e-07 and the 61.8% level is at 6.53e-07. These levels have acted as support and resistance throughout the day, particularly the 61.8% retracement at 6.53e-07, which the price tested but failed to break. A move beyond 6.6e-07 would suggest a continuation of the upper-bound consolidation.

Backtest Hypothesis

A potential backtesting strategy for SCETH could involve entering long positions on a confirmed break above the upper Bollinger Band, with stop-loss placed at the 61.8% Fibonacci retracement level (6.53e-07). This would align with the volume spike observed at 03:30 ET and the price's return to the upper range. Conversely, a short bias may be triggered on a break below the lower Bollinger Band, with a stop above the 38.2% retracement (6.57e-07). This approach assumes increased volatility and a trend continuation post-consolidation.