Market Overview: Animecoin/USDC (ANIMEUSDC) 24-Hour Analysis

• Animecoin/USDC edged higher over 24 hours, closing near its intraday high at 0.01472.
• Momentum softened in late hours, with RSI showing signs of exhaustion near overbought levels.
• Volume surged during a key breakout attempt but faded as buyers lost steam overnight.
• Bollinger Bands narrowed after the midday peak, signaling potential for a directional move.
• A bullish engulfing pattern formed during the afternoon, suggesting possible short-term support holds.

At 12:00 ET–1 on 2025-10-03, Animecoin/USDC opened at 0.01472 and closed at the same level within the 24-hour window, reaching a high of 0.01501 and a low of 0.01469. Total trading volume amounted to 1,321,016.8 units, while notional turnover stood at 19.69 USDC, reflecting mixed liquidity flows and price consolidation.

The price action showed a clear bullish bias in the afternoon, forming a key bullish engulfing pattern around 19:30 ET, as the pair broke above a 15-minute resistance level of 0.015. However, this rally failed to hold through the night, with the price retreating into a tighter range between 0.01475 and 0.01485 by early morning. The 50-period 15-minute moving average currently sits above the 20-period, suggesting a potential bearish tilt if the trend resumes. On the daily chart, the 50SMA continues to act as a dynamic support, while the 200SMA appears to serve as a ceiling for further gains.

Bollinger Bands tightened significantly after the afternoon high, with the close at 0.01472 sitting near the midline, pointing to a potential breakout or reversal. RSI reached 62.4 in the late afternoon, hinting at overbought conditions, while MACD crossed into positive territory, suggesting short-term bullish momentum. However, the divergence between price and volume suggests a lack of conviction among buyers, as large-volume candles (e.g., 19:30 ET at 225,058 units) were followed by smaller-volume corrections.

The most immediate support level appears at 0.01469, where the price briefly tested in early morning trading and again near the end of the window. Resistance remains at 0.01488, where a minor pullback occurred in early hours after a sharp 5% rally. Fibonacci retracement levels from the 15-minute swing (0.01469–0.01501) suggest potential support at 0.01483 (38.2%) and 0.01475 (61.8%), both of which have been touched or tested in recent hours. Over the next 24 hours, a break above 0.01488 may rekindle bullish momentum, while a retest of 0.01469 could trigger further consolidation or a short-term correction.

Backtest Hypothesis

The described backtesting strategy focuses on using a combination of bullish engulfing patterns and volume confirmation to identify potential short-term breakout opportunities. Given the recent formation of a bullish engulfing candle at 19:30 ET with strong volume (225,058 units), the strategy would have generated a buy signal if the following conditions were met: (1) a clear breakout above the engulfing candle’s high, and (2) a follow-through volume increase within the next 15-minute candle. While the price failed to sustain above 0.01501, the strategy’s success would depend on whether the next 24 hours bring renewed bullish volume and a breakout from the 0.01483–0.01488 resistance cluster. If the market retests this area with strong volume, the strategy could be retriggered, providing an actionable entry point for traders seeking to capture short-term momentum.