Market Overview for Animecoin/USD Coin (ANIMEUSDC)

• Price surged from 0.0147 to 0.01503, driven by late-night buying pressure
• RSI moved into overbought territory, suggesting potential pullback
• Bollinger Bands show expansion in volatility during the morning session
• Volume spiked during the Asian and European sessions
• A bullish engulfing pattern formed early in the morning

Animecoin/USD Coin (ANIMEUSDC) opened at $0.0147 on 2025-09-04 at 12:00 ET, reaching a high of $0.01503 and a low of $0.01463 before closing at $0.01503 on 2025-09-05 at 12:00 ET. Total 24-hour volume was 1,385,320.6 and total turnover amounted to $21,202.60.

Structure & Formations

The price of Animecoin/USD Coin has been consolidating between key support at $0.01463 and resistance at $0.01503. A bullish engulfing pattern emerged in the early hours of September 5, suggesting a potential reversal of a previous downtrend. A doji candle appeared near the 0.01476 level, indicating indecision. The price appears to have rejected prior resistance at $0.01484 twice, forming a potential short-term resistance wall.

Moving Averages & MACD / RSI

A 20-period and 50-period moving average on the 15-minute chart show a bullish crossover, supporting the recent upward trend. The MACD turned positive and showed increasing bullish momentum, particularly in the late hours of the Asian session. The RSI reached overbought territory (70+) after crossing the 50–60 range, suggesting that the price may face downward pressure or consolidate.

Bollinger Bands & Volatility

The price broke above the upper Bollinger Band early in the morning, indicating heightened volatility and bullish momentum. The bands had been contracting overnight, forming a potential breakout pattern. After reaching the upper band, volatility subsided slightly, but the price remained above the 20-period moving average.

Volume & Turnover

Volume increased significantly during the Asian and European sessions, confirming the bullish price action. A divergence was noted between the price and volume during the late morning, where volume dipped slightly despite a continuation of the upward trend. Turnover surged during the early morning, confirming strong participation from retail and institutional buyers.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from $0.01463 to $0.01503 shows the price finding support at the 38.2% and 61.8% levels. The 61.8% retracement at $0.01485 was a key level that held multiple times, suggesting a potential area for near-term consolidation or reversal.

Backtest Hypothesis

A backtesting strategy could utilize the 20-period moving average as a signal line and the MACD crossover as an entry confirmation. Given the current price above the 20-period MA and a positive MACD, a long bias could be justified. A stop-loss near the 0.01463 level would help mitigate downside risk. The RSI's overbought condition suggests the price could face short-term resistance at $0.01509 (extension of the upper Bollinger Band). If the price holds above $0.01485, the next target could be $0.01524, based on Fibonacci extensions.