Market Overview for Animecoin/USDC on 2025-12-31

Summary
• Price formed bearish engulfing patterns on 5-minute chart, suggesting short-term reversal risk.
• Volatility spiked in late trading, with volume surging over 950,000 units.
• RSI approached overbought territory but closed back toward neutral range, indicating mixed momentum.
• Price found key support near 0.00728–0.0073, with Fibonacci retracement confirming this area.
• Bollinger Band contraction in early session hinted at potential breakout, which materialized later.

24-Hour Price Action

Animecoin/USDC (ANIMEUSDC) opened at 0.00749 and reached a high of 0.00758 before falling to a low of 0.00723. The price closed at 0.00724 at 12:00 ET. Total volume for the 24-hour period reached 8.9 million units, with notional turnover of approximately 65,750 USDC.

Structure and Candlestick Patterns

A bearish engulfing pattern emerged at 23:15 and again at 04:15, signaling potential short-term bearish momentum. A doji formed near 0.00752 at 23:45, indicating indecision before the price declined.

The 0.00728–0.0073 level served as a strong support cluster, with the price bouncing off this area multiple times.

Moving Averages and Momentum Indicators

On the 5-minute chart, price closed below both the 20 and 50-period moving averages, suggesting near-term bearish pressure. The 50-period MA acted as a resistance during midday trading. RSI fluctuated between 60 and 40, showing mixed momentum without clear overbought or oversold signals. MACD showed a bearish crossover later in the session, reinforcing the downward bias.

Volatility and Bollinger Bands

Volatility was low in the early hours, with Bollinger Bands tightening, before expanding sharply around 01:00 as volume surged. Price remained near the lower band most of the session, indicating bearish dominance. The late-night breakout from the band contraction coincided with the 0.00758 high and was confirmed by high volume.

Volume and Fibonacci Retracements

Volume spiked dramatically near the end of the session, particularly around 09:00 and 09:45, as price consolidated near 0.00724. This coincided with the 38.2% Fibonacci retracement level of a prior 5-minute upswing, confirming a key support zone. Notional turnover increased in tandem with the price drop, suggesting conviction in the bearish move.

Animecoin/USDC may face further testing of the 0.00723–0.00728 support zone in the next 24 hours. A break below 0.0072 could invite renewed momentum downward, while a rebound could see a retest of the 0.00735–0.0074 resistance cluster. Investors should remain cautious of volatile swings and watch for any divergence in volume and price action.