Market Overview for Animecoin/USDC (ANIMEUSDC) – 2025-10-30

• Animecoin/USDC fell 0.32% in the past 24 hours, closing at $0.00889 after hitting a high of $0.00957.
• A sharp decline occurred around 23:45 ET, with price falling from $0.00947 to $0.00931.
• Volume spiked during the early part of the day before fading, indicating potential exhaustion in bearish momentum.
• The RSI hit oversold levels in the late hours, suggesting potential for a near-term bounce.

At 12:00 ET–1, Animecoin/USDC opened at $0.00928, reached a high of $0.00957, and closed at $0.00889 at 12:00 ET. The 24-hour total volume was 1,118,957.3, with a notional turnover of approximately $9,997.53. Price action over the last 24 hours showed a bearish bias, punctuated by sharp dips and low-volume consolidation.

Structure & Formations

Price action displayed multiple bearish candlestick formations, including a large bearish engulfing pattern from 21:45 to 22:00 ET, followed by a long bearish shadow at 22:45 ET as price retracted to $0.00949. A key support level appears to be forming around $0.00885–$0.00890, with a potential resistance at $0.00925–$0.00930. A doji at 12:00 ET suggests indecision, but the overall structure remains bearish.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly during the early hours, confirming the downtrend. On the daily chart, price remains below the 50-, 100-, and 200-day moving averages, indicating weak trend strength and possible continuation of the bear phase.

MACD & RSI

The MACD turned negative at 00:00 ET and has remained below the signal line, reinforcing bearish momentum. The RSI dipped below 30 in the final hours of trading, signaling an oversold condition, which may trigger a short-term rebound. However, the RSI’s slow recovery and weak price action suggest limited upside potential unless volume increases significantly.

Bollinger Bands

Price action remained within the Bollinger Bands for much of the session, with a notable contraction in volatility between 02:00 and 04:00 ET. The expansion that followed coincided with a sharp selloff. Currently, price is near the lower band, aligning with the RSI’s oversold signal and potentially setting the stage for a mean reversion move.

Volume & Turnover

The largest volume spike occurred at 21:15 ET, with a volume of 223,689.1, but the move failed to establish a new high. The subsequent selloff at 23:45 ET had lower volume, suggesting potential exhaustion. Notional turnover mirrored volume closely, with no notable divergences observed, indicating that the selloff was broadly supported by volume.

Fibonacci Retracements

Applying Fibonacci levels to the key swing high at $0.00957 and swing low at $0.00879, the 0.618 (or 61.8%) level is currently at $0.00912, which aligns with the earlier price rejection seen around $0.00909. The 0.382 level is near $0.00937, and price appears to have bounced from this level twice over the past 24 hours.

Backtest Hypothesis

To build a backtesting framework for Animecoin/USDC, one could apply a simple momentum strategy using RSI and MACD signals. For example, entering long positions when RSI falls below 30 and MACD crosses above the signal line could potentially capture oversold bounce opportunities. Conversely, exiting or shorting when RSI exceeds 70 and MACD crosses below the signal line could help capture bearish momentum. Using closing prices for the 15-minute chart and applying stop-loss orders at key support levels (e.g., $0.00880) may help manage risk.