Market Overview: Animecoin/USDC (ANIMEUSDC) on 2025-09-22

• Price declined 20.8% from 0.01582 to 0.01429, forming bearish momentum and a breakdown pattern.
• Volume surged to $1.56M during the sharp drop at 06:15 ET, confirming bearish sentiment.
• RSI reached 24, indicating oversold conditions, while MACD crossed below zero.
• Bollinger Bands widened during the 06:15–07:00 ET decline, signaling high volatility.
• Fibonacci levels at 0.0143 and 0.01416 may offer near-term support and resistance.

24-Hour Summary

Animecoin/USDC (ANIMEUSDC) opened at 0.01582 at 12:00 ET – 1 and closed at 0.01429 at 12:00 ET, recording a 24-hour high of 0.01582 and a low of 0.01391. The pair declined significantly, with total trading volume reaching 15.7 million tokens and a notional turnover of $2.38 million. The move suggests heightened bearish pressure and a possible continuation of the downward trend.

Structure & Formations

The price action over the past 24 hours reveals a pronounced breakdown pattern, with key support levels forming around 0.01427 and 0.01416. A strong bearish engulfing pattern appeared at 06:15 ET when the price dropped from 0.01482 to 0.01435 on high volume. A doji formed near 0.01429 at 12:00 ET, signaling a temporary pause in the selling pressure. These formations suggest short-term uncertainty but continued bearish bias if the 0.01427 level fails.

Moving Averages and Volatility

The 20-period and 50-period moving averages on the 15-minute chart are in a bearish crossover, reinforcing the downward trajectory. The 50-period MA has crossed below the 200-period MA, indicating a possible shift in trend. Bollinger Bands showed a significant expansion during the 06:15–07:00 ET decline, with the price dropping below the lower band. This expansion suggests high volatility and a potential retest of key support levels.

Momentum and Oscillators

RSI has dropped to 24, indicating strong oversold conditions and potential for a short-term bounce. However, the MACD has crossed below zero and remains in negative territory, suggesting ongoing bearish momentum. The divergence between the low RSI and the declining price indicates caution—while the market is oversold, further downside may still be likely.

Volume and Turnover

Volume spiked sharply during the breakdown at 06:15 ET, with $1.56 million of turnover on that candle alone. Notional turnover remained elevated for the next three hours, confirming the bearish bias. Price and turnover were aligned during this period—higher volume coincided with lower prices. In contrast, the final candle at 12:00 ET showed a small doji with relatively low volume, signaling indecision among traders.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 0.01582 to 0.01429 swing, key levels of interest include 0.01468 (38.2%) and 0.01444 (50%), which may act as potential support/resistance levels. The 61.8% level at 0.01433 is currently being tested. A break below 0.01416 could lead to a retest of the 0.01391 low.

Backtest Hypothesis

A potential backtesting strategy involves short entries on bearish engulfing patterns confirmed by volume surges and bearish MA crossovers. Long entries could target oversold RSI levels (25 or below) with a stop just below the recent swing low. Traders may use Fibonacci levels as dynamic profit targets and trailing stops. This strategy aligns with the observed breakdown and could be applied to similar setups for ANIMEUSDC over the next 24 hours.