Market Overview for Siacoin/Ethereum (SCETH) on 2025-11-02

• Price remained stable within a narrow range, failing to show directional momentum.
• No volume spikes or candlestick patterns signaled imminent breakout potential.
• RSI and MACD suggested equilibrium with no overbought or oversold conditions.
• Bollinger Bands showed low volatility, with price tightly clustered near the midline.

Siacoin/Ethereum (SCETH) opened at $0.00000051 at 12:00 ET–1 and remained unchanged, reaching a high and low of $0.00000051. It closed at the same level at 12:00 ET today. Total volume for the 24-hour period was approximately 90,862.0, while total turnover was minimal due to the fixed price of $0.00000051.

Structure & Formations

Over the past 24 hours, SCETH exhibited a flat structure, with no significant support or resistance levels forming. All candles were dojis or near dojis, indicating indecision among market participants. No engulfing or reversal patterns emerged, suggesting that the market lacks directional bias in the short term.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remained tightly aligned with the price, reflecting the lack of volatility. On the daily chart, the 50-period MA continues to support the 100 and 200-period MAs, indicating that SCETH remains in a sideways consolidation phase.

MACD & RSI

MACD remained flat, with both lines and the histogram showing no divergence or convergence. RSI hovered around the 50 level, indicating a balanced market with neither overbought nor oversold conditions. Momentum appears to be stagnant, with no clear trend emerging from technical indicators.

Bollinger Bands

Price action stayed firmly within the Bollinger Bands, with no significant expansions or contractions observed. Volatility appears to be in a contractionary phase, and price remains close to the midline. This suggests that any breakout attempt will require increased volume and price movement to confirm a shift in sentiment.

Volume & Turnover

Volume remained near zero for most of the 24-hour period, with only two spikes at 19:30 ET and 22:15 ET. These spikes occurred without corresponding price changes, indicating low conviction in the market. Total turnover was minimal, with all trades occurring at the same price level. The lack of volume suggests a lack of participation, and traders may remain on the sidelines.

Fibonacci Retracements

Applying Fibonacci retracement levels to recent 15-minute swings showed that price has remained within the 38.2% to 61.8% range. This suggests that SCETH is still consolidating within a well-defined range and has not shown signs of breaking out in either direction. For daily swings, SCETH remains near key retracement levels, but without volume or price confirmation, the signal remains ambiguous.

Backtest Hypothesis

The additional backtesting strategy involves a mean-reversion approach, buying on overbought RSI divergence and selling on oversold confirmation. However, since RSI has not entered overbought or oversold territory, and price has not shown any divergence, the conditions for this strategy are currently absent. A potential trade entry could be considered if RSI diverges above 65 or below 35 with confirmation from Bollinger Bands or volume.