Market Overview for Siacoin/Ethereum (SCETH) - 2025-10-25

• Siacoin/Ethereum (SCETH) remained range-bound at $0.00000051 for most of the 24-hour period, showing minimal price movement.
• A sharp break above $0.00000051 occurred briefly in the early morning hours but failed to sustain momentum.
• Volume and turnover remained near zero throughout, indicating a lack of interest or activity in the pair.
• No notable candlestick patterns emerged, and volatility stayed extremely compressed.
• RSI and MACD showed no significant divergence, suggesting a market in neutral consolidation.

The 24-hour period for Siacoin/Ethereum (SCETH) saw little to no price movement, with the pair opening and closing at $0.00000051. The highest and lowest prices also matched at $0.00000051, indicating a flat session. Total volume and notional turnover remained at zero, underscoring an absence of trading activity. This lack of movement is consistent with low liquidity or a lack of market participants engaging in the pair.

Structure and formational analysis revealed no significant support or resistance levels, as the price remained tightly consolidated within a single tick. Over the 15-minute chart, the 20- and 50-period moving averages were aligned with the current price, reinforcing the sideways bias. Daily moving averages (50/100/200) also remained flat, consistent with the lack of directional intent in the pair.

Momentum indicators such as MACD and RSI showed minimal variation, indicating no overbought or oversold conditions. The MACD histogram remained flat, while the RSI oscillated narrowly around the midpoint of 50. Bollinger Bands were extremely compressed, pointing to low volatility. The price consistently remained at the center of the bands, with no evidence of volatility expansion or contraction.

Volume and turnover data confirmed the flat session, with no divergence between price and activity. A lack of volume is often a sign of low conviction or limited participation. Looking at Fibonacci retracements for recent swings, the price remained clustered near the 50% level, with no movement toward key psychological levels such as 38.2% or 61.8%.

The pair could remain range-bound in the near term, with no clear catalysts pushing it higher or lower. Investors should remain cautious, as the flat session may indicate an uneventful market or a potential buildup for a move once liquidity increases.

Backtest Hypothesis

Given the flat and range-bound nature of SCETH, traditional technical strategies such as MACD crossover signals may not yield effective results in the short term. However, for more active trading pairs, a MACD-based backtest could be viable if applied to a more liquid asset like Harbor Alpha Layering ETF. To proceed, the correct ticker symbol for the ETF is essential. Once verified—such as “HOLD”, “HOLDP”, or a similar variant—the strategy can be implemented as follows:

1. Retrieve historical MACD data from 2022-01-01 to the present.
2. Generate buy signals (MACD Golden Cross) and sell signals (MACD Death Cross).
3. Execute a full backtest including return, risk, equity curve, and trade log.

With the correct ticker, this backtest can offer valuable insights into the strategy’s effectiveness across market cycles.