Market Overview for NFPrompt/Bitcoin (NFPBTC) – 2025-11-14

Summary
• Price action shows consolidation in a narrow range near $3.6e-07, with no significant directional bias.
• Volume remains extremely low across most of the 24-hour window, with only a few spikes.
• A single bearish breakout was observed mid-day, failing to sustain momentum.

NFPrompt/Bitcoin (NFPBTC) opened at $3.8e-07 on 2025-11-13 at 12:00 ET and closed at $3.6e-07 by 12:00 ET on 2025-11-14. During the period, the pair reached a high of $3.8e-07 and a low of $3.6e-07. Total volume across the 24-hour window was approximately 13,813.0, while turnover was $4.8138 (based on price × volume). The asset appears trapped in a low-energy trading range with minimal volatility and no clear catalysts.

Structure & Formations

The candlestick pattern over the past 24 hours shows multiple small-bodied candles with no clear reversal or continuation formations. A minor breakdown occurred at $3.6e-07 during the mid-day hours but failed to sustain. A key support level appears to be forming around $3.6e-07, where price has remained for most of the session. Resistance is limited at the top of the range near $3.8e-07, which has not been tested meaningfully after the initial 17:00 ET candle.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned with the price, indicating a lack of momentum in either direction. On the daily chart, the 50/100/200-period averages are not distinguishable in this short 24-hour window. The price appears to be consolidating along a flat, sideways channel, with no clear bias for a breakout.

MACD & RSI

The MACD histogram remains flat, and the MACD line is near zero, suggesting no significant momentum. RSI values remain in the 30–40 range, signaling neutral to slightly oversold conditions but not extreme enough to trigger a reversal. Price remains within a tight range, and while RSI may suggest a potential bounce, it has not been confirmed by price action.

Bollinger Bands

Bollinger Bands have contracted significantly, indicating a low-volatility environment. Price has remained near the lower band of the bands for most of the session, reinforcing the bearish bias. The narrow band suggests a potential for a breakout, but no such move has materialized yet.

Volume & Turnover

Volume remains extremely low throughout most of the 24-hour window, with only three notable spikes: 2,529.0 at 17:00 ET, 3,930.0 at 04:00 ET, and 461.0 at 07:00 ET. These spikes did not result in significant price movement, indicating weak participation. Turnover followed a similar pattern, with no confirmation of volume-driven price changes.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from $3.8e-07 to $3.6e-07, price has settled near the 61.8% retracement level, suggesting a temporary floor. Further support is likely around $3.5e-07 (if the range breaks), but this remains untested. On the daily chart, Fibonacci levels are inconclusive due to the short window.

Backtest Hypothesis

Given the flat RSI profile and the lack of a clear directional signal, the RSI-based backtest strategy would likely trigger a long entry if price drops below the $3.6e-07 support and RSI dips below the threshold of 30. Holding for three calendar days appears feasible given the current low volatility, though exits are unlikely to yield strong gains unless a breakout occurs. A 14-period RSI on a 15-minute timeframe with an oversold threshold of 30 and a fixed 3-day holding period may be suitable for this pair, assuming a reliable exchange listing is identified. The choice of exchange (e.g., BINANCE:NFPBTC or KUCOIN:NFP-BTC) will determine the accuracy of the backtest data.