Market Overview for SuperVerse/Bitcoin (SUPERBTC) – 2025-10-08

• Price consolidated between 4.73e-06 and 4.81e-06, with no clear directional bias.
• RSI near neutral, suggesting balanced momentum; Bollinger Bands narrow, signaling low volatility.
• Volume spiked at 4.81e-06 but failed to sustain movement, hinting at possible resistance.
• No overbought/oversold conditions observed; trend remains range-bound.

SuperVerse/Bitcoin (SUPERBTC) opened at 4.73e-06 on 2025-10-07 at 16:00 ET and traded within a range of 4.73e-06 to 4.81e-06 over the 24-hour period, closing at 4.75e-06 by 12:00 ET on 2025-10-08. The total traded volume amounted to 151,451.0 units, with a notional turnover of approximately 693.95 BTC (based on average price).

Structure & Formations

The 24-hour chart shows a tight trading range, with multiple tests of key support at 4.73e-06 and resistance at 4.81e-06. A few bearish and bullish engulfing patterns emerged around 19:00 ET and 21:45 ET, respectively, but neither was followed by strong confirmation. A doji formed near 4.78e-06 around 17:00 ET, suggesting indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned near 4.76e-06, indicating a neutral trend. The 50-period MA appears slightly above the 20-period MA, suggesting a potential minor bearish bias. The daily chart is not available for full calculation, but based on the 24-hour range, the price remains above the 200-period MA, which could offer a fundamental support level.

MACD & RSI

The MACD line remained flat throughout the 24-hour period, with the histogram oscillating around the signal line, confirming low momentum and balanced buying and selling pressure. The RSI indicator ranged between 47 and 54, staying close to the neutral zone, suggesting that SUPERBTC is neither overbought nor oversold.

Bollinger Bands

The price action stayed within a narrow Bollinger Band range for most of the period, with the bands not expanding significantly, which is consistent with low volatility. The 4.81e-06 high briefly approached the upper band but did not break through, indicating a potential ceiling. The 4.73e-06 low also touched the lower band without a clear break, suggesting the price is consolidating within the channel.

Volume & Turnover

Volume spiked significantly around 17:45 ET and 22:00 ET, coinciding with attempts to break above 4.8e-06. However, the price failed to follow through, leading to a reversal, which could indicate that sellers regained control after buyers tried to push the price higher. Notional turnover increased during these spikes, confirming active participation, but the lack of follow-through suggests that traders may be waiting for a breakout before committing further.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key swing from 4.73e-06 to 4.81e-06, the 38.2% retracement level is at 4.765e-06, and the 61.8% level is at 4.755e-06. The price closed near the 61.8% retracement, which could act as a potential support zone in the next 24 hours.

Backtest Hypothesis

Given the current range-bound structure and neutral RSI reading, a potential short-term breakout strategy could be applied. A backtest could look for a clear break above 4.81e-06 or below 4.73e-06, with a stop-loss placed just outside the range. A long entry could be placed above 4.81e-06 with a target near 4.83e-06, while a short entry could be triggered below 4.73e-06 with a target near 4.71e-06. The tight Bollinger Bands and flat MACD suggest that the market is waiting for a catalyst to break out, making this a suitable scenario for a breakout-based backtest.