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Summary
• Price declined by 0.32% over 24 hours, with key support at 2.92e-06.
• Volatility dipped as price remained within Bollinger Bands.
• RSI signaled oversold conditions near 2.91e-06.
• Volume surged at 00:15 ET on 2025-12-11, but failed to confirm a breakout.
• A bearish engulfing pattern formed near 3.07e-06 to 2.99e-06.
SuperVerse/Bitcoin (SUPERBTC) opened at 3.09e-06 on 2025-12-10 at 12:00 ET, reached a high of 3.18e-06, and closed at 2.93e-06 at 12:00 ET on 2025-12-11. The 24-hour volume was 594,846.0 units, with a notional turnover of $1,840.93 (based on
price).The structure of the past 24 hours shows a consistent bearish bias, with multiple bearish engulfing patterns and a failed attempt to rally above 3.07e-06. The price has remained below the 20-period and 50-period moving averages on the 5-minute chart, indicating a short-term downtrend.
A key support level appears to have formed at 2.92e-06, where the price has stalled multiple times. RSI crossed into oversold territory below 30 in the early morning hours, but has failed to produce a strong reversal. MACD remains in negative territory with a bearish crossover, reinforcing the downtrend.
Bollinger Bands have remained narrow for much of the session, indicating low volatility. A brief expansion occurred in the early morning, coinciding with the high-volume 5-minute bar at 00:15 ET. However, the price closed below the lower band, suggesting bearish continuation.
Volume analysis reveals a divergence between high-volume spikes and lack of price confirmation.

Fibonacci retracements of the most recent 5-minute move from 3.07e-06 to 2.99e-06 show 38.2% at 3.04e-06 and 61.8% at 3.01e-06. Price has tested the 61.8% level multiple times without breaking through. On a daily chart, the 200-day moving average remains above current levels, suggesting a broader bearish trend.
Looking ahead, price could test key support at 2.92e-06 or attempt a recovery toward 3.01e-06. Investors should be cautious of potential breakouts or breakdowns amid low volatility and bearish momentum. Risk remains to the downside, particularly if volume fails to confirm any bullish signals.
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