WANBTC Market Overview: 2025-10-02 12:00 ET–2025-10-03 12:00 ET

• Wanchain/Bitcoin (WANBTC) traded sideways with no significant price movement during the 24-hour period.
• Price held steady near key support at 8.5e-07 with a minor dip observed near 21:30 ET.
• Volume and turnover remained subdued, with only a few spikes observed in the mid-evening hours.
• Momentum indicators showed no overbought or oversold conditions, signaling range-bound consolidation.
• No major Fibonacci retracements or candlestick patterns emerged to suggest a directional bias.

Wanchain/Bitcoin (WANBTC) opened at 8.6e-07 on 2025-10-02 at 12:00 ET and closed at 8.5e-07 on 2025-10-03 at 12:00 ET. The 24-hour range remained narrow, with a high of 8.6e-07 and a low of 8.5e-07. Total trading volume for the period was approximately 44,806.0 units, while notional turnover remained constrained due to the flat price movement.

The structure of the 15-minute chart was largely flat, with price confined within a tight range of 8.5e-07 to 8.6e-07 for most of the period. A small bearish move occurred at 21:30 ET, where the candle opened at 8.6e-07 and closed at 8.5e-07, suggesting a potential short-term bearish bias. This candle formed a bearish spinning top, indicating indecision among traders. No strong support or resistance levels were tested in the 24-hour period, and the price did not display any engulfing or doji patterns that would suggest a reversal or continuation.

The 20-period and 50-period moving averages on the 15-minute chart remained nearly flat within the same range of 8.5e-07 to 8.6e-07. MACD readings were near zero with no significant divergence, indicating a lack of momentum in either direction. RSI fluctuated between 48 and 52, hovering near the neutral zone and confirming the range-bound nature of the pair. Bollinger Bands showed little expansion, with the price spending most of the time near the middle band and not touching the outer bands, which points to low volatility and a continuation of consolidation.

Fibonacci retracement levels were not significant over the past 15-minute swing, but when applied to the daily timeframe, 61.8% retracement levels aligned with the 8.6e-07 level, which acted as a minor resistance. The price closed slightly below this level, suggesting that a test of this resistance could be a near-term focus. The pair may continue to trade within this tight range unless a breakout or breakdown occurs from the 8.5e-07 to 8.6e-07 band.

The backtesting strategy described is based on a combination of RSI divergence and Bollinger Band squeezes. Given the flat price movement and the absence of any RSI overbought or oversold conditions, this strategy may not have produced signals during the period. However, the Bollinger Band contraction noted earlier could have been flagged as a potential setup for a breakout. A backtest over the previous 30 days might help confirm whether this combination of indicators could effectively capture directional moves when volatility increases. Traders using this strategy may want to monitor the 8.5e-07 to 8.6e-07 range for a breakout signal, especially if volume increases and RSI begins to show divergence.