Wanchain/Bitcoin Market Overview (WANBTC) for 24-Hour Period to 2025-10-03 12:00 ET

• Price remained tightly consolidated near $0.00000086 (8.6e-07) with minimal range expansion over 24 hours.
• Volume was sparse throughout most of the session, spiking only near 17:45–18:30 ET and 04:00–06:15 ET.
• RSI and MACD showed little momentum, suggesting low conviction in either bullish or bearish moves.
• No major Fibonacci retracement levels were breached; price held steady within prior ranges.

Wanchain/Bitcoin (WANBTC) opened at $0.00000086 (8.6e-07) on 2025-10-02 at 12:00 ET, reaching a high of $0.00000086 and a low of $0.00000085 during the 24-hour window. The pair closed at $0.00000085 (8.5e-07) at 12:00 ET the following day. Total volume traded was 79,543.0, with a notional turnover of approximately $68.89.

The price action showed minimal directional movement, forming a tight consolidation pattern with no discernible trend. The lack of volume in most 15-minute intervals indicated limited participation, while the two moderate volume surges could reflect short-term accumulation or profit-taking. The low volatility compressed Bollinger Bands, with prices hovering near the middle band, indicating a continuation of range-bound behavior.

Key support appeared to be forming around $0.00000085, where several candles found a base before retreating. On the resistance side, $0.00000086 acted as a ceiling, with price failing to break through it consistently. A small bearish inside bar formed around 21:30 ET, suggesting potential exhaustion in the bullish direction. The RSI remained in neutral territory, while MACD showed a flat histogram, indicating weak momentum from both sides.

Price sat within the 61.8% and 38.2% Fibonacci retracement levels of the minor 15-minute swings but failed to break either. The 20-period EMA on the 15-minute chart closely followed the 50-period EMA, reinforcing the sideways bias. Daily MAs showed no major deviation from the current price.

Looking ahead, the pair may continue trading in a narrow range unless a breakout or breakdown occurs above $0.00000086 or below $0.00000085. Traders should be cautious of a potential false breakout due to the lack of volume and conviction in recent movements.

Backtest Hypothesis

A potential backtest strategy for this asset could focus on breakout entries using a time-based volatility filter—such as the Average True Range (ATR)—combined with a volume confirmation signal. For example, if the price breaks above or below the 61.8% Fibonacci level and is accompanied by a 15-minute volume spike of at least 10x the previous 30-minute average, it could serve as a high-probability trade entry. Stops could be placed below the 38.2% or above the 61.8% levels, depending on the direction, while targets could be set using Bollinger Band expansions. This approach aims to capture the start of a trend amid consolidation while filtering out false signals.