Market Overview for SuperVerse/Bitcoin (SUPERBTC) – 2025-09-19

• Price rose from 5.11e-06 to 5.26e-06 before closing near 5.14e-06
• Volatility expanded midday, with high volume at 6,493.0 near 5.24e-06
• RSI and MACD suggest mixed momentum, with no clear overbought/oversold signals
• Bollinger Band expansion observed during 19:00–20:00 ET
• Downturn after 20:00 ET coincided with declining turnover and volume

SuperVerse/Bitcoin (SUPERBTC) opened at 5.11e-06 at 12:00 ET-1 and reached a high of 5.26e-06 by 02:45 ET. It closed at 5.14e-06 at 12:00 ET. Total 24-hour volume was 39,839.0 units, with a notional turnover of 199.77 (calculated from price × volume).

The price action exhibited a distinct two-phase dynamic, with a strong bullish impulse during early evening hours followed by a consolidative and bearish phase. Notable support levels formed around 5.14e-06 and 5.17e-06, with resistance at 5.24e-06 and 5.26e-06. A bullish engulfing pattern emerged around 02:45 ET as price surged from 5.25e-06 to 5.26e-06, but it was quickly followed by a bearish rejection at 5.26e-06, suggesting buyers may have been exhausted.

Moving averages on the 15-minute chart (20/50-period) indicated a bullish bias during the initial part of the session, with price staying above the 50-period line. However, after the 20:00 ET pullback, price fell below both lines, indicating a possible near-term shift in sentiment. Daily averages (50/100/200) are not available for this pair, but the 15-minute data suggests a volatile, short-term trading environment with high potential for false breakouts.

Relative Strength Index (RSI) fluctuated between 40 and 60, staying within neutral territory, with a brief spike to 65 during the 19:00 ET rally. MACD showed positive divergence during the 02:00–03:00 ET rally but failed to confirm with a strong histogram expansion, raising questions about the strength of the bullish move. Bollinger Bands expanded significantly from 19:00–20:00 ET, reflecting heightened volatility. Price traded near the upper band during the peak and later settled back into the mid-band, indicating a temporary exhaustion of momentum.

Fibonacci retracements drawn from the 5.11e-06 to 5.26e-06 move identified 38.2% at 5.19e-06 and 61.8% at 5.23e-06 as key levels. The price tested the 61.8% level multiple times but failed to hold, suggesting that this level may act as a critical resistance in the near term.

Backtest Hypothesis
A potential strategy could involve entering long positions near the 38.2% Fibonacci level with a stop-loss below the 5.14e-06 support. A short entry could be triggered on a close below 5.17e-06, with a target at 5.14e-06. This strategy would leverage both Fibonacci and volume confirmation, focusing on the volatility and retracement dynamics observed in today’s session.