Market Overview for Siacoin/Ethereum (SCETH) on 2025-11-06

Summary
• Price remained in a tight consolidation, bouncing between 5.1e-07 and 5.3e-07.
• Volume surged in the 21:00–03:00 ET window, but price action remained directionless.
• RSI hovered near neutral with no overbought or oversold signals.
• Bollinger Bands narrowed during low-volume periods, indicating a potential breakout酝酿.
• No clear candlestick patterns emerged; price action lacked conviction.

Siacoin/Ethereum (SCETH) opened at 5.1e-07 on 2025-11-05 at 12:00 ET, reached a high of 5.3e-07, and a low of 5.1e-07 before closing at 5.2e-07 on 2025-11-06 at 12:00 ET. Total volume across the 24-hour window was 17,363,186.0, with a total turnover of approximately $8.86 (based on notional value in USD).

Structure & Formations

The 24-hour period for SCETH showed little in the way of directional momentum or decisive candlestick formations. Price action remained locked within a narrow range, with a high of 5.3e-07 and a low of 5.1e-07. The only notable event was a small break above 5.2e-07 around 03:30 ET, which failed to hold and reverted back into the range. No doji, engulfing, or reversal patterns emerged, suggesting a lack of conviction from traders on either side of the market.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages closely followed each other, reflecting the sideways nature of the move. The 50-period MA appeared to act as a soft floor in the 5.1e-07 to 5.2e-07 range during the consolidation phase. No clear separation between the two averages was observed, indicating that price has not yet begun to trend decisively. On the daily chart, the 50- and 200-period MAs suggest a sideways-to-possibly-bullish bias, but with SCETH not yet breaking above either, the outlook remains neutral.

MACD & RSI

MACD remained near the zero line, with no strong positive or negative divergence during the period. The histogram showed small expansions and contractions, but nothing that would signal a turning point or momentum shift. RSI oscillated between 40 and 60, indicating a balance between buyers and sellers. There were no overbought (RSI > 70) or oversold (RSI < 30) conditions, suggesting a continuation of the current sideways phase is likely in the short term.

Bollinger Bands

Bollinger Bands displayed a period of contraction from 5.1e-07 to 5.2e-07, consistent with the low-volatility consolidation phase. The upper band touched 5.3e-07 during a brief breakout attempt, but price did not close above it. The lower band remained near 5.1e-07, acting as a temporary support level. This contraction may indicate a potential breakout酝酿 in the near term.

Volume & Turnover

Trading volume saw a sharp spike between 21:00–03:00 ET, with multiple large volume spikes (e.g., 8.19 million at 23:00 ET, and 1.1 million at 02:00 ET). However, these did not translate into significant directional price movement. Turnover mirrored the volume profile, with higher notional value traded during the same hours. No meaningful divergence was observed between volume and price, but the lack of follow-through from the breakout attempt suggests caution.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 5.1e-07 to 5.3e-07, price appears to have tested the 38.2% retracement at 5.2e-07 on multiple occasions. The 61.8% level is at 5.1e-07, which also acted as a floor during the consolidation. On the daily chart, a similar retracement pattern suggests key levels at 5.1e-07 and 5.3e-07, reinforcing the potential for a breakout from this range.

Backtest Hypothesis

Given the lack of strong directional signals in the recent 24-hour period, a backtest hypothesis could be defined as follows: “Define a ‘Support Level’ as when SCETH closes below the 20-day low. A trade entry signal is generated when the price subsequently closes above the 20-day high, with a stop-loss at the 20-day low and a take-profit at 1.5x the initial move.” This approach would leverage range breakouts and could be tested using a more precise price series and exchange-specific ticker (e.g., SCETH-USDT on Binance). Clarification on the ticker and definition of the support level would allow for accurate backtesting from 2022-01-01 up to 2025-11-06.