Market Overview for Siacoin/Ethereum (SCETH): 24-Hour Analysis

Summary
• Price action remained tightly range-bound, oscillating between $4.9e-07 and $5e-07.
• A notable breakout attempt at $5e-07 failed, confirmed by bearish reversal on high-volume candle.
• Volume spiked sharply at 20:00 ET but failed to push price higher, indicating bearish momentum.
• RSI remained neutral, while Bollinger Bands showed a slight contraction, signaling potential consolidation.

Siacoin/Ethereum (SCETH) opened at $4.9e-07 on 2025-12-16 12:00 ET, reached a high of $5e-07, traded as low as $4.9e-07, and closed at $4.9e-07 by 2025-12-17 12:00 ET. The 24-hour trading volume was approximately 2,093,111.0 SCETH, with notional turnover estimated based on price fluctuations, though exact turnover figures cannot be determined due to missing price-volume data.

Structure & Formations

Price remained within a narrow range for most of the session, with the key resistance forming at $5e-07. A failed breakout at this level was confirmed by a bearish reversal candle with high volume at 20:00 ET, indicating strong selling pressure. No clear support levels were established below $4.9e-07, though price appeared to find a floor at that level. No strong candlestick patterns emerged, though the repeated consolidation suggests a possible continuation of range-bound behavior ahead.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages were closely aligned within the $4.9e-07 to $5e-07 range, with price oscillating around the 20SMA.

No clear trend emerged, but the 50SMA showed slight bearish bias as price repeatedly failed to close above it. On the daily chart, no long-term moving averages (50/100/200) could be calculated due to limited data.

MACD & RSI

MACD showed weak momentum, with the line oscillating around the zero line and no clear divergence with price. RSI remained in neutral territory, fluctuating between 45 and 55, indicating neither overbought nor oversold conditions. The lack of directional bias in RSI suggests that the market remains in a period of indecision.

Bollinger Bands

Bollinger Bands showed a slight contraction in volatility during the latter part of the session, with price staying near the middle band for extended periods. This indicates potential consolidation rather than a breakout. Price frequently touched the upper band at $5e-07 but failed to break through, reinforcing the resistance.

Volume & Turnover

Volume remained subdued for the majority of the session, with a sharp spike at 20:00 ET when price attempted to break out to $5e-07. Despite this surge in volume, price failed to follow through, indicating bearish sentiment. Turnover data was insufficient for a full analysis, but the price-volume divergence suggests weak conviction behind bullish moves.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 5-minute swing from $4.9e-07 to $5e-07, price tested the 61.8% level ($4.985e-07) before retreating. This suggests that buyers are hesitant to push the pair higher, with resistance likely to remain firm at $5e-07.

The market appears to be in a consolidation phase, with bearish bias reinforcing the $4.9e-07 level as a key support. A break below that level could trigger further downside, but a test of $5e-07 may present a final opportunity for bullish traders to push SCETH higher. Investors should monitor volume and price behavior around this resistance in the next 24 hours for clues about the next directional move.