Market Overview: Scroll/Rupiah (SCRIDR) - 24-Hour Technical Summary

Summary
• Prolonged consolidation seen with no meaningful price movement in the 24-hour period.
• Lack of volume suggests limited participation or market indifference.
• Price remains flat within a narrow range, indicating no clear directional bias.
• No candlestick patterns or Fibonacci retracements triggered actionable signals.
• RSI and MACD indicate neutral momentum with no overbought or oversold signals.

Scroll/Rupiah (SCRIDR) opened at $1240.0 on 2025-12-25 at 12:00 ET, reaching a high of $1240.0 and a low of $1225.7 before closing at $1225.7 on 2025-12-26 at 12:00 ET. Total volume was 0.0, and notional turnover was also flat.

Structure & Formations

Price remained in a narrow consolidation range for the majority of the 24-hour window, with no clear breakout or breakdown observed. The final candle broke below the prior consolidation level, forming a small bearish gap, but no immediate resistance or support levels were tested with conviction. No strong candlestick patterns, such as engulfing or doji, emerged during the period.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages are closely aligned near the $1240.0 level, reflecting the lack of directional bias. On the daily chart, the 50-period, 100-period, and 200-period moving averages are similarly aligned, indicating a flat to slightly bearish bias for the longer term.

MACD & RSI

The MACD histogram remains flat and near zero, consistent with the lack of momentum and neutral market sentiment. RSI oscillated within the neutral range (40–60), showing no signs of overbought or oversold conditions. This suggests traders are not aggressively pushing the price in either direction.

Bollinger Bands

Volatility remained extremely low, with price moving along the lower edge of the Bollinger Bands for most of the session before closing near the middle band. The narrow band width suggests a potential for increased volatility in the near future, though no immediate expansion was observed.

Volume & Turnover

Trading volume was effectively zero for the majority of the session, indicating minimal market participation or interest. The only notable movement occurred in the final 5-minute candle, where a small bearish move occurred with no corresponding volume spike. This divergence raises questions about the authenticity or significance of the move.

Fibonacci Retracements

Fibonacci retracement levels based on the recent 5-minute swing (from $1240.0 to $1225.7) align with the current price action, with the 38.2% level near $1235.5 and the 61.8% level near $1228.0. Price may test these levels in the next 24 hours, though the lack of volume and momentum suggests any movement could be shallow.

The market appears to be in a state of indecision, with no clear drivers of price action. Investors should watch for a breakout above $1235.5 or a breakdown below $1225.7 to confirm the next directional move. However, the absence of volume and momentum signals suggests caution, and the risk of a continuation of sideways trading remains high.