Market Overview for Animecoin/USDC on 2025-09-19

• Animecoin/USDC dropped 10.2% in 24 hours, with price consolidating near 0.01589 at the 12:00 ET close.
• Momentum slowed across all timeframes, with RSI in oversold territory and no clear reversal signs.
• Volume spiked early in the session but faded sharply post-6 AM ET, suggesting fading participation.
• Price broke below a key 15-min support near 0.01605, raising short-term bearish concerns.
• Bollinger Bands expanded during the morning sell-off, confirming increased volatility.

Market Snapshot

Animecoin/USDC (ANIMEUSDC) opened at 0.01646 on 2025-09-18 at 12:00 ET, peaked at 0.01667, and closed at 0.01589 at 12:00 ET on 2025-09-19, down by 3.5%. Total volume amounted to 1,631,873.9 USDC, with a notional turnover of approximately $26,474 (assuming $1 = 1 USDC). The price action displayed a sharp bearish bias in the early morning hours, followed by a period of consolidation and limited follow-through.

Structure & Formations

The 15-minute chart shows a bearish breakdown from a key horizontal resistance at 0.01605 into the 0.0159–0.01587 range. This area now appears to be a new short-term support. A doji formed at 0.01592, suggesting indecision after the morning sell-off. Earlier in the session, an engulfing bearish pattern appeared at 0.01618–0.01605, confirming a short-term reversal. The price is now consolidating near 0.0159, where it could test its ability to rally again or continue lower.

Moving Averages

On the 15-minute chart, the price closed below both the 20EMA and 50EMA, indicating bearish momentum. The daily chart shows the price below the 50, 100, and 200-day moving averages, reinforcing the bearish bias. A move above 0.0162 could re-engage the 50EMA, offering a potential bullish trigger.

MACD & RSI

The RSI fell below 30 during the morning sell-off, indicating oversold conditions. However, no bullish divergence emerged, suggesting a potential continuation of the downtrend. The MACD line turned negative in the morning, with bearish crossovers confirming the downward momentum. The histogram remains negative, showing sustained bearish pressure.

Bollinger Bands

The Bollinger Bands expanded during the sharp morning decline, reflecting increased volatility. The price has since moved closer to the lower band, now sitting near 0.0159–0.01589. A rebound from this level could bring the price back into the mid-band range, while a break below it would signal a new volatility expansion phase.

Volume & Turnover

Volume surged in the early morning hours, particularly between 3:30 AM and 5:30 AM ET, coinciding with the 0.01605 breakdown. However, after 6 AM ET, volume sharply declined, indicating waning buying interest. Notional turnover peaked at $5,475 during the sell-off, but activity has since normalized. The volume/price divergence suggests the bearish move may lack follow-through.

Fibonacci Retracements

Applying Fibonacci retracement to the recent 0.01667–0.01589 swing, the 0.01605 level corresponds to the 38.2% retracement, while 0.0159 is at 50%. A rebound from 0.0159 could target 0.01607–0.0161 (61.8% retracement) for potential short-term bullish action. A failure to hold at 0.01589 would expose the 0.01573 level, the next bearish target.

Backtest Hypothesis

The backtest strategy described focuses on shorting on bearish engulfing patterns when volume exceeds a 50-period average and RSI crosses below 30. On this session’s 15-minute chart, the engulfing pattern at 0.01618–0.01605 met these criteria, with volume spiking and RSI dropping into oversold territory shortly after. This could be a valid entry point for a short position with a stop above 0.0162. A backtest on historical data could help quantify its success rate and risk-reward profile.