Market Overview for Animecoin/USDC (ANIMEUSDC) as of 2025-11-08

Summary
• Price closed marginally lower at 0.00763 after testing key resistance levels near 0.00777.
• Volume spiked near 0.00777 but failed to confirm bullish momentum.
• RSI suggests moderate overbought conditions earlier in the session but has pulled back.
• Volatility expanded during the early hours, with Bollinger Bands reflecting heightened tension.
• A potential 61.8% Fibonacci retracement at 0.00763 may act as support in the near term.

Animecoin/USDC (ANIMEUSDC) opened at 0.00762 at 12:00 ET–1 on 2025-11-08 and reached a high of 0.00781 before settling at 0.00763 as of 12:00 ET. The pair traded between 0.00744 and 0.00781 during the 24-hour period, with total volume of 1,349,465.6 and a notional turnover of approximately $10,340.5 (assuming a USDC value of $1.00). This marks a relatively stable session, with a notable but short-lived rally near 0.00781.

Structure & Formations

Price action on the 15-minute chart displayed multiple attempts to break above 0.00777, with a key bearish reversal forming after a rally reached 0.00781. A strong engulfing pattern at this level signaled a potential top. Earlier in the session, between 20:00–22:45 ET, price consolidated between 0.00764 and 0.00774, with a key support forming at 0.0077. A Doji candle at 0.00774 near 02:15 ET marked indecision and foreshadowed a pullback.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart were both above price during the latter half of the session, reflecting bearish momentum. On the daily chart, the 50-period SMA at ~0.00766 is slightly above the 200-period, indicating a neutral to slightly bearish bias over a longer horizon. A potential crossover near the 0.00765 level could trigger further selling pressure.

MACD & RSI

MACD showed a strong positive divergence early in the session, especially between 00:30–02:00 ET, which aligned with the rally near 0.00781. However, the RSI moved into overbought territory at 74, then pulled back sharply below 50 by 06:00 ET. This suggests that the recent rally was driven by speculative buying rather than sustained bullish momentum. RSI now sits near 52, with bearish divergence still present, hinting at further downside risk.

Bollinger Bands

Volatility expanded during the early morning hours, as Bollinger Bands widened and price traded near the upper band, reaching 0.00781. This was followed by a sharp retrace to the lower band at 0.00758–0.00762, confirming a period of high volatility. Currently, price is near the midline of the bands at 0.00764, indicating a potential equilibrium or a period of consolidation.

Volume & Turnover

Trading volume surged near key resistance levels, especially around 0.00777 and 0.00781, but failed to confirm a break. A volume spike of 108,818 at 03:45 ET aligned with a high at 0.00787, which was then rejected. Notional turnover rose in tandem with volume, suggesting that the price action at those levels had real liquidity behind it. However, divergences between price and volume suggest the strength of the rally was questionable.

Fibonacci Retracements

Applying Fibonacci to the recent swing from 0.00762 (low) to 0.00781 (high), the 61.8% level at 0.00773 became a resistance. Price briefly touched 0.00773–0.00775 during the afternoon before retreating to 0.00762–0.00765. This suggests that the 0.00763–0.00765 range is a key area to watch for potential support or another consolidation.

Backtest Hypothesis

Given the observed price behavior, a potential backtesting strategy could focus on identifying and acting upon Bullish Engulfing patterns near the 0.00762 support level—particularly in the context of the 15-minute chart. If historical data were available, we could test whether a buy signal generated at the close of a confirmed Bullish Engulfing pattern (with volume confirmation and RSI divergence) would have led to profitable outcomes. This would require precise data alignment, including the exact ticker symbol or an alternative supported asset. For now, we are limited by the absence of a confirmed Bullish Engulfing pattern in the data provided, but the technical conditions for one appear favorable if and when it forms.