Market Overview for Siacoin/Ethereum (SCETH) on 2025-09-22

• SCETH consolidates near $6.6e-07 after a small intraday pop on high volume
• Low volatility persists with price action confined to a narrow range
• Volume surges at key 17:15 and 02:00 ET coincide with minor price pushes
• RSI and MACD show weak momentum, no clear overbought/oversold signals
• Bollinger Bands constrict, hinting at potential breakout or range resumption

Siacoin/Ethereum (SCETH) opened at $6.5e-07 on 2025-09-21 at 12:00 ET and closed at $6.6e-07 as of 12:00 ET on 2025-09-22. The 24-hour period saw a high of $6.8e-07 and a low of $6.5e-07, with total volume of 18,235,034.9 and a notional turnover of $11.89.

Structure & Formations

Price remains in a tight range, with a key support level forming at $6.5e-07 and resistance at $6.7e-07. A few minor bullish attempts occurred, such as a 15-minute bullish engulfing pattern at 02:00 ET and a small reversal at 03:45 ET, but neither held. The absence of strong reversal patterns suggests continued indecision among traders.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA are closely aligned around $6.58e-07, indicating a flat trend. Over the daily timeframe, the 50DMA and 100DMA are slightly separated but still within the tight trading range, with the 200DMA lagging slightly below. This points to a continuation of consolidation rather than a breakout trend.

MACD & RSI

The 15-minute MACD shows a weak positive divergence but remains below the zero line, indicating lack of sustained bullish momentum. RSI hovers between 50 and 60, suggesting neutral momentum with no strong overbought or oversold signals. A potential overbought condition may form if the price pushes above $6.8e-07 for extended periods.

Bollinger Bands

Bollinger Bands are currently compressed, with price staying near the middle band for most of the period. This is a sign of low volatility and a potential buildup for a breakout. If a breakout occurs, the upper band at ~$6.75e-07 and lower band at ~$6.45e-07 will need to be tested.

Volume & Turnover

Volume activity is low overall, with a few sharp spikes at 17:15, 02:00, and 06:15 ET, coinciding with minor price attempts to break out. Notional turnover remains muted, with no divergences between price and volume. This suggests that most trading is passive, with little aggressive accumulation or distribution.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $6.5e-07 to $6.8e-07, key retracement levels lie at $6.66e-07 (38.2%) and $6.61e-07 (61.8%). Price briefly tested the 38.2% level before retreating. A break above $6.66e-07 could trigger a retest of the 61.8% level, offering potential entry points for short-term traders.

Backtest Hypothesis

The backtesting strategy under consideration is a breakout system that initiates long positions when price closes above the 61.8% Fibonacci retracement level and short positions when it closes below the 38.2% level. Given the current tight range and low volatility, this system may struggle with false signals unless combined with volume confirmation. A modified approach could include a moving average crossover (e.g., 20SMA crossing above 50SMA) to filter out noise.