Market Overview for Siacoin/Ethereum (SCETH) - 24-Hour Summary as of 2025-10-08

• Price remains consolidated near $0.00000057 amid low turnover.
• Slight bullish momentum appears during late-night hours but lacks follow-through.
• Volume surges at 15:45 ET and 16:00 ET align with minor price pushes to $0.00000059.
• Bollinger Bands indicate low volatility, with price hovering near the lower band.
• MACD and RSI signal neutral conditions with no overbought or oversold signals observed.

Siacoin/Ethereum (SCETH) opened at $0.00000057 on 2025-10-07 at 12:00 ET and closed at the same level on 2025-10-08 at 12:00 ET, with a high of $0.00000059 and a low of $0.00000057. Total traded volume for the 24-hour period was 423,491.0, and the total notional turnover was approximately $0.243.

The 15-minute OHLCV data reveals that SCETH traded in a tight range, with no meaningful breakouts or breakdowns. The price action appears to be in a low-volatility consolidation phase, with minimal price deviation observed across most of the 24-hour period. This behavior is typical of assets with low interest or market participation. The candlestick patterns were predominantly doji-like or neutral, with few directional signals. Notably, at 17:30 ET, a small bullish candle appeared, showing a slight push from $0.00000057 to $0.00000058, but it failed to sustain that movement.

Moving averages on the 15-minute chart (20SMA and 50SMA) are closely aligned with the price, suggesting no strong directional bias. On the daily chart, 50DMA, 100DMA, and 200DMA would also be closely aligned with the price, reinforcing the sideways trend. RSI remains in the 50–55 range throughout most of the period, indicating a neutral momentum profile with no overbought or oversold conditions. MACD remains flat, with the histogram oscillating around the zero line, suggesting a lack of conviction in either direction.

Bollinger Bands reflect the low volatility, with the price hovering near the lower band for much of the day, particularly between 19:00 ET and 05:00 ET. A brief expansion occurred after 15:45 ET when the price touched $0.00000059, but the bands quickly contracted again. Volume spiked during this time but did not result in a sustained move. Fibonacci retracements drawn from the $0.00000057 base would align with the $0.00000059 level at the 38.2% level, suggesting a potential short-term resistance if the price breaks free.

The market may remain range-bound in the next 24 hours unless a catalyst emerges to increase participation or sentiment. Investors should watch for a break above $0.00000059 or below $0.00000057 as signals of a potential shift in sentiment.

The backtesting strategy involves a breakout-based system that activates on a 38.2% Fibonacci level. It employs a 50-period EMA on the 15-minute chart for confirmation. Long entries are triggered when price closes above the 50EMA following a 38.2% retracement. Stop-loss is placed just below the recent support. A 1:2 risk-reward ratio is used, with a target of 61.8%. The strategy could perform best in low-volatility markets like SCETH, where consolidation is the norm, and minor breakouts can offer directional clarity with limited risk.