Market Overview for Animecoin/USDC on 2025-11-07

Summary
• Price opened at $0.00672 and closed at $0.00699, rising by 3.5%.
• The 24-hour high reached $0.00746, signaling bullish momentum in late trading.
• Volume spiked during a key upswing between 16:00 and 17:00 ET, confirming strength.

Animecoin/USDC (ANIMEUSDC) opened at $0.00672 at 12:00 ET–1 and closed at $0.00699 at 12:00 ET, reaching a high of $0.00746 and a low of $0.00667. The total volume over 24 hours was 1,934,162.5, with a turnover of approximately $13,397.37. The price trend has shifted positively, supported by strong volume spikes and momentum indicators.

Structure & Formations

Price found support at $0.00673 in early ET hours and later formed a bullish engulfing pattern at 17:45 ET–18:00 ET. A doji formed at 23:30 ET–23:45 ET, indicating indecision. The $0.00688 level has emerged as a key resistance, now acting as a dynamic support after the price broke through it in early morning trading.

Moving Averages

On the 15-minute chart, price remained above both the 20-EMA and 50-EMA, confirming a short-term bullish trend. On the daily timeframe, the 50-EMA is approaching the 100-EMA, suggesting a potential shift in longer-term momentum.

MACD & RSI

The MACD turned positive in the early hours, with the line crossing above the signal line and expanding divergence. RSI moved from 30 to 65 during the morning surge, indicating rising momentum. Although RSI has not yet entered overbought territory, the rate of ascent suggests continued upward pressure.

Bollinger Bands

Price has remained above the 20-period Bollinger Band mean for most of the session, reaching a high near the upper band at $0.00746. The bands have widened in response to increased volatility, particularly between 16:00 and 17:00 ET, when a sharp move occurred.

Volume & Turnover

Volume spiked during the 16:00–17:00 ET period, with over 278k units traded, coinciding with a $0.00035 price rise. Notional turnover increased alongside the move, confirming conviction. Later in the session, volume pulled back slightly, but turnover remained steady as the price tested and held above $0.00688.

Fibonacci Retracements

Recent 15-minute swings show the price testing the 61.8% retracement level at $0.00688 before pushing higher. Daily Fibonacci levels highlight the $0.00714 (38.2%) and $0.00746 (61.8%) as potential resistance zones.

Backtest Hypothesis

A backtest based on RSI-14 could provide further insight into potential trade setups. The inability to fetch RSI data may stem from a symbol formatting issue or an exchange not currently supported. To proceed, we recommend confirming the correct exchange and symbol format or providing historical OHLCV data in a supported format. Once RSI-14 is computed, a strategy of buying when RSI crosses above 70 and selling when it drops below 70 could be evaluated for this volatile pair.

Looking ahead, continued bullish momentum appears to favor price testing $0.00750, but traders should remain cautious of potential pullbacks or consolidation around $0.00700–$0.00715. Any sharp divergence in volume or RSI could signal a near-term reversal.