Market Overview: Animecoin/USDC (ANIMEUSDC) on 2025-09-17

• Animecoin/USDC edged lower over the last 24 hours, closing at 0.01559 after reaching a high of 0.01607.
• Price action showed consolidation after a sharp sell-off, with bearish momentum flagged by the RSI and declining volume.
• Volatility increased as price broke below Bollinger Band midline, with key support at 0.01556 and 0.01551.
• Notional turnover peaked in the early hours of 09:30 ET, showing a divergence from price direction.
• A bearish engulfing pattern emerged near 0.01598-0.01582, signaling potential continuation of the downward trend.

Animecoin/USDC (ANIMEUSDC) opened at 0.01583 on 2025-09-16 12:00 ET and closed at 0.01559 24 hours later, reaching a high of 0.01607 and a low of 0.01556. The 24-hour volume totaled 20,643,933.0 and notional turnover reached $322,614.61 based on average USDC pricing. The pair has shown bearish bias with multiple key indicators pointing to potential continuation of the downtrend.

Structure & Formations

Price action formed a bearish engulfing pattern in the early hours of 09:30 ET, confirming downward momentum. The 0.01598-0.01582 candlestick is a clear reversal signal after a bullish attempt. Additionally, the price has been trading below the 50-period and 20-period moving averages on the 15-minute chart, indicating bearish bias. A key support level appears to be forming around 0.01556, with 0.01551 and 0.01549 as secondary levels. A break below 0.01551 could accelerate the downward trend.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart have both crossed below key price levels, reinforcing the bearish momentum. Daily moving averages (50, 100, 200) suggest a longer-term downtrend is intact, with the 200-period line acting as a critical resistance level. A cross back above the 50-period line may indicate a temporary rebound, but a sustained break above the 100-period line would be needed to confirm a reversal.

MACD & RSI

The MACD histogram has turned negative and is expanding downward, suggesting increasing bearish momentum. The RSI is currently at 31, indicating oversold conditions, but this may reflect a continuation of the downtrend rather than a reversal. A divergence between price and RSI is not yet visible, but a sustained move above 50 would be a bear trap unless supported by volume.

Bollinger Bands

Price action has traded below the Bollinger Band midline for much of the 24-hour period, indicating bearish bias. The 20-period Bollinger Bands are currently wide, reflecting increased volatility. A retest of the upper band at 0.01607 could trigger a bounce, but a close above the band would be needed to confirm a reversal. A break below the lower band at 0.01556 may trigger algorithmic selling.

Volume & Turnover

Volume has increased during key price declines, particularly around 0.01582 and 0.01556, confirming the bearish move. Notional turnover spiked at 09:30 ET as price approached 0.01556, suggesting increased selling pressure. A divergence between rising volume and falling price has not yet appeared, but this could signal exhaustion if it materializes.

Fibonacci Retracements

The 38.2% and 61.8% Fibonacci retracement levels of the recent 0.01607-0.01556 swing are at 0.01583 and 0.01567, respectively. Price action has tested the 38.2% level multiple times but failed to hold, suggesting weak support. A move below 0.01567 could confirm the bearish scenario and target the 50% level at 0.01580 as a potential rebound point.

Backtest Hypothesis

Given the current bearish momentum and key support levels forming at 0.01556, a backtest strategy could be designed to enter short positions on a close below this level, with a stop loss above the 0.01567 Fibonacci level and a target of 0.01549. The strategy could also include a bullish countertrend trade on a rebound above 0.01567, with a stop loss below 0.01556. This approach would align with the bearish engulfing pattern and the RSI indicating oversold conditions, offering both directional and reversal trade opportunities.