Market Overview for Siacoin/Ethereum (SCETH) as of 2025-11-03

• SCETH consolidates near $0.0000005 with minimal price movement in a 24-hour range of $0.00000049–$0.00000051.
• No clear directional momentum; RSI and MACD remain neutral with no signs of divergence.
• Volume remains low, with most candles showing near-zero notional turnover.
• Price action appears range-bound between key Bollinger Band levels.
• No significant Fibonacci retracement levels are being tested in the short term.

Price Action and Consolidation

Siacoin/Ethereum (SCETH) opened at $0.0000005 at 12:00 ET – 1 and remained within a narrow range of $0.00000049 to $0.00000051 over the following 24 hours, closing at $0.0000005 at 12:00 ET. The price consolidation suggests limited conviction from traders, with no clear breakout or breakdown observed. Total volume over the period was approximately 12.6 million units, while notional turnover was minimal, indicating a lack of liquidity and interest in the pair.

Volatility and Bollinger Band Behavior

Price action has remained tightly within the Bollinger Bands over the past 24 hours, with volatility at historically low levels. The narrow channel between the upper and lower bands suggests a continuation of a consolidation phase and could foreshadow a potential breakout. However, without a sharp directional move or an increase in volume, it appears the market is in a state of indecision, and any breakout attempt may lack conviction.

Backtest Hypothesis

To conduct an objective and rules-based backtest for SCETH, it is essential to define a precise and quantifiable interpretation of a “support level.” A common and effective method is to use the Close ≤ 20-day Lower Bollinger Band, which captures a price touch against a statistically defined support threshold. Once this rule is confirmed, the process includes:
- Pulling SCETH daily OHLC data from 2022-01-01 to 2025-11-03.
- Calculating the 20-day Lower Bollinger Band to identify entry signals.
- Defining a reasonable exit strategy, such as a 10-day hold or a 2:1 risk-reward ratio (e.g., 1% stop-loss, 2% take-profit).
- Running the backtest and presenting performance metrics like CAGR, Sharpe ratio, and max drawdown, alongside a visual equity curve.
- Adjustments can be made based on any alternative preference for the support rule or exit logic you may specify.