Market Overview for Siacoin/Ethereum (SCETH) – 2025-10-06

• SCETH traded in a tight range near $5.8e-07, with minimal price action observed.
• Volume spiked briefly during key 15-min intervals, indicating limited participation.
• No clear candlestick patterns emerged, with price consolidating below prior resistance.
• RSI remained neutral, suggesting neither overbought nor oversold conditions.
• Bollinger Bands showed no significant widening, implying low volatility for the period.

Siacoin/Ethereum (SCETH) opened at $5.9e-07 on 2025-10-05 at 12:00 ET and closed at $5.8e-07 on 2025-10-06 at 12:00 ET, with a high of $5.9e-07 and a low of $5.8e-07. Total 24-hour volume was 4,844,532.0, and notional turnover was negligible due to the extremely low price level. The pair showed minimal directional bias over the period.

The 15-minute chart for SCETH remained range-bound between $5.8e-07 and $5.9e-07, with no clear breakouts or breakdowns. While a brief dip to $5.8e-07 was observed early on, price quickly recovered to near the opening level. The formation of a consolidation pattern suggests that traders are waiting for a catalyst to break the range. No bearish or bullish engulfing patterns were identified, but a few doji candles appeared during the consolidation phase, hinting at indecision.

The 20 and 50-period moving averages on the 15-minute chart remained closely aligned, reflecting the sideways movement. On a daily basis, the 50, 100, and 200-period MAs also showed convergence, indicating that the asset is in a state of equilibrium without a strong directional bias. MACD remained near zero, with no significant histogram divergence, while the RSI hovered between 45 and 55, suggesting a balanced market with no overbought or oversold conditions.

Bollinger Bands showed a slight contraction during the early hours of the period, suggesting a potential buildup of volatility, although no sharp price movement followed. Price remained within the bands for the entire window, further reinforcing the lack of momentum. The Fibonacci retracement levels for recent swings did not show any immediate support or resistance influence, as the price continued to trade in a tight range.

The backtesting strategy under consideration involves a mean-reversion approach triggered by RSI crossing below 45 and a Bollinger Band contraction. This would signal a potential oversold condition and low volatility environment, followed by an expectation of price returning to the mean. Given the tight range observed in SCETH, this strategy could find limited applicability unless volatility increases significantly.