Market Overview: Siacoin/Ethereum (SCETH) – 24-Hour Snapshot

• Price consolidated near 5.10e-7 amid subdued volume
• No clear momentum in RSI or MACD signals
• Volatility compressed with tight Bollinger Band range
• Fibonacci levels show 61.8% support at 4.90e-7

SCETH opened at 5.10e-7 on 2025-10-29 12:00 ET and closed at 4.90e-7 the following day. The 24-hour range saw a high of 5.20e-7 and a low of 4.90e-7, with total volume of 3.61 million units and a notional turnover of $1.81. The price action suggests a lack of conviction, with prolonged consolidation and limited trading activity.

The structure of the 15-minute chart highlights a key support at 5.00e-7, where several candles found refuge. A small bearish engulfing pattern emerged at 5.10e-7, indicating potential short-term selling pressure. No distinct resistance above 5.15e-7 has been tested with conviction. The price remains within a narrow range, reflecting low volatility and a lack of directional bias.

The 20-period and 50-period moving averages on the 15-minute chart are close, suggesting no clear trend. The MACD histogram remains flat, while the RSI is centered near 50, indicating a lack of overbought or oversold conditions. Bollinger Bands have contracted, signaling a potential period of range-bound trading ahead.

Fibonacci retracements from the high of 5.20e-7 to the low of 4.90e-7 highlight key levels at 5.07e-7 (38.2%) and 5.01e-7 (61.8%). The 61.8% level has been tested once and shows potential as a psychological floor. Volume remains low overall, with only a few spikes at 5.10e-7 and 4.90e-7, but not enough to confirm any reversal or continuation signals.

A backtesting strategy could consider a mean-reversion approach, entering short positions on a break below 5.05e-7 with a stop-loss above 5.12e-7 and a target at 4.90e-7. Alternatively, a long setup could target a retest of 5.10e-7 as a potential support-turned-resistance. Given the low volume and tight range, this strategy may be best suited for low-volatility environments and should be paired with a trailing stop to manage risk.