Market Overview for SuperVerse/Bitcoin (SUPERBTC) – 2025-10-03

• Price fell from 5.52e-06 to 5.12e-06 on bearish momentum, with key support at 5.12e-06 and resistance near 5.4e-06.
• RSI below 30 and declining MACD indicate oversold conditions and weakening bullish momentum.
• Volatility increased as price moved within a widening Bollinger Band range.
• Volume spiked during the initial sell-off but waned in the final hours, signaling reduced conviction in the move.

SuperVerse/Bitcoin (SUPERBTC) opened at 5.40e-06 on October 2nd and peaked at 5.52e-06 before closing at 5.12e-06 on October 3rd at 12:00 ET. The pair experienced a bearish 24-hour trend, with a low of 5.10e-06. Total traded volume reached 121,688.0, and notional turnover amounted to $0.616 (based on BTC equivalent at 5.12e-06).

Structure & Formations

The price formed several bearish patterns throughout the session, including a hanging man and a bearish engulfing pattern around 17:30–18:15 ET. A key support level appears to have formed near 5.12e-06, where price stabilized for a brief period. Resistance levels were observed at 5.32e-06 and 5.40e-06, both of which were tested multiple times but failed to hold.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a bearish crossover, with the 20SMA below the 50SMA. This reinforces the short-term downtrend. On the daily chart, the 50-day SMA remains above the 200-day SMA, indicating a longer-term bullish bias, though this has not translated to the short-term action.

MACD & RSI

The MACD line has been below zero for most of the session, reflecting bearish momentum. The histogram showed a gradual contraction, indicating weakening selling pressure. The RSI is currently at 27, pointing to overbought levels in the near past and now suggesting potential oversold conditions. This could hint at a short-term rebound if buyers step in near key support.

Bollinger Bands

Price action has shown an expansion in Bollinger Band width, particularly after 18:00 ET, indicating rising volatility. The price has spent much of the session below the 20-period moving average and within the lower Bollinger Band, suggesting a consolidation phase might be near.

Volume & Turnover

Volume spiked in the early part of the session (16:00–19:00 ET) during the initial sell-off, with a peak of 11,430.0 at 17:30. However, volume has since tapered off, suggesting diminishing conviction in the bearish trend. Turnover also showed a corresponding rise early on, followed by a drop-off in the final hours, aligning with the volume pattern.

Fibonacci Retracements

On the 15-minute chart, the price has retraced to the 61.8% Fibonacci level from a high of 5.52e-06 to a low of 5.10e-06, currently at 5.12e-06. This level has acted as a temporary support and could potentially trigger a bounce if buyers reinforce it.

Backtest Hypothesis

A potential strategy could involve shorting on a breakout below the 61.8% retracement level and exiting on a retest of the 50% Fibonacci level (around 5.31e-06) as a risk-managed trade. A stop-loss above the 5.40e-06 resistance could protect against an unexpected reversal. This approach aligns with the current bearish momentum and overbought/oversold conditions.