Market Overview for 0G/USDC on 2025-10-13

• 0G/USDC traded in a broad range between $2.198 and $2.346 over the last 24 hours with a net bearish bias in the final hours.
• Momentum was mixed with RSI peaking above 70 during the early morning, indicating overbought conditions, followed by a sharp pullback.
• Volatility expanded in the early session before contracting in the overnight hours, with notable volume surges during key breakouts.
• Key support levels at $2.245–$2.265 and resistance at $2.290–$2.315 were tested multiple times.
• Notional turnover exceeded $650,000, showing moderate interest despite lack of sustained directional bias.

0G/USDC opened at $2.205 on 2025-10-12 at 12:00 ET and closed at $2.28 at 12:00 ET on 2025-10-13. The pair reached a high of $2.346 and a low of $2.198 during the 24-hour window. Total volume amounted to 799,238.04, while notional turnover was approximately $1,802,117.81.

Structure & Formations

0G/USDC’s price action displayed a range-bound structure with several key pivot points. A notable bullish engulfing pattern emerged during the late afternoon (USDC time) as price pushed past $2.29, signaling potential continuation higher. This was followed by a bearish dark cloud cover during the early morning hours, which confirmed weakness around $2.315. A key support area forming at $2.245–$2.265 saw repeated tests and held in the final hours of the 24-hour period. A doji at 02:15 ET suggested indecision near $2.245, indicating potential for a near-term reversal.

Moving Averages

On the 15-minute chart, the 20-period moving average (20SMA) crossed above the 50SMA near the end of the session, indicating a potential short-term bullish bias. However, the 50SMA remained above the 20SMA for most of the period. On the daily time frame, the 50DMA crossed above the 100DMA, suggesting a longer-term bearish trend. The 200DMA acted as a strong support during the late hours, preventing a deeper pullback.

MACD & RSI

The MACD histogram showed diverging momentum with a peak in early morning, followed by a decline, indicating weakening bullish pressure. RSI reached overbought territory (>70) during the 00:00–02:00 ET window, then retreated sharply, signaling exhaustion in the upside. A bearish crossover in the MACD line below the signal line also occurred during this period. RSI subsequently fell to neutral levels, with a potential oversold condition forming in the final candle, suggesting potential for a bounce back.

Bollinger Bands

Volatility expanded during the late afternoon as price moved outside the upper Bollinger band, confirming a breakout above key resistance. This was followed by a contraction as price moved into the lower band overnight, indicating a reversal. Price re-entered the upper band during the early morning before retracing. The bands appear to be tightening again in the final hours, suggesting a potential for a breakout or reversal in the coming sessions.

Volume & Turnover

Volume spiked during key breakouts in the late afternoon and early morning, with the largest single candle (21:45–22:00 ET) reaching $2.279 on high volume of 29,672.89 units. Notional turnover also spiked during this time, confirming price action. A divergence appeared between rising prices and declining volume during the 04:45–05:00 ET period, suggesting weakening momentum. The final candle showed moderate volume with a sharp reversal, indicating potential exhaustion.

Fibonacci Retracements

Applying Fibonacci levels to the key swing high ($2.346) and low ($2.223), the 38.2% retracement level at $2.304 and 61.8% at $2.262 were tested multiple times. The 50% retracement level at $2.285 was also a minor point of friction. A key bounce from the 61.8% level during the final hours suggests that this level could continue to act as a magnet for price in the short term. The 78.6% level at $2.247 was also a key support that held late in the session.

Backtest Hypothesis

The overbought RSI strategy described in the backtesting framework could be applied to this pair given the repeated RSI excursions into overbought territory. The pair showed multiple RSI peaks above 70, particularly during the early morning hours, which could be considered potential entry points for short-term long positions. However, the subsequent retracement below 70 and volume divergences indicate that the strategy may require refinement or risk management adjustments. A 5% stop-loss would have prevented significant drawdowns in most scenarios, but the frequent RSI overbought conditions suggest that the strategy may generate multiple signals, requiring further filtering for trade quality.