Market Overview for SuperVerse/Bitcoin (SUPERBTC)

• Price rose to 5.21e-06 before retreating to 5.08e-06, indicating short-term volatility.
• High-volume spikes occurred during key price reversals.
• RSI and MACD suggest mixed momentum with overbought then oversold conditions.
• Bollinger Bands show volatility expansion, with price near the lower band at close.
• No strong candlestick reversal patterns emerged to confirm trend exhaustion.

SuperVerse/Bitcoin (SUPERBTC) opened at 5.13e-06 on 2025-09-19 12:00 ET and closed at 5.14e-06 on 2025-09-20 12:00 ET, reaching a high of 5.21e-06 and a low of 5.08e-06. Total volume for the 24-hour period was 68,270.0, with a notional turnover that reflects fluctuating interest across the session.

Structure & Formations

Price action showed a distinct bullish breakout in the early hours of 2025-09-20, with a sharp rise from 5.18e-06 to 5.21e-06, followed by a pullback to sub-5.18e-06 levels. Key support levels formed around 5.15e-06 and 5.10e-06, with a notable bearish engulfing pattern emerging after the 5.21e-06 high, signaling potential resistance. A small bearish doji appeared near 5.10e-06, hinting at possible trend exhaustion. Resistance appears to be consolidating around 5.15e-06 and 5.20e-06.

Support and Resistance Levels

Key support levels were observed at:- 5.10e-06 (psychological and minor support)- 5.15e-06 (major support, retested twice)

Key resistance levels were observed at:- 5.18e-06 (first hurdle in bearish correction)- 5.20e-06 (failed breakout level)- 5.21e-06 (recent high)

Moving Averages

On the 15-minute chart, the 20-period moving average (20SMA) moved above the 50SMA in the late evening (ET), signaling a short-term bullish bias. The 50SMA remained flat around 5.16e-06, suggesting a neutral to slightly bearish bias for medium-term trends. On the daily chart, the 50DMA and 100DMA crossed near 5.15e-06, indicating a potential pivot point for price action in the coming days.

MACD & RSI

MACD showed a bullish crossover in the early hours of the 20th, followed by a bearish divergence as price failed to confirm higher highs in the morning. RSI spiked into overbought territory above 70 during the 5.21e-06 high, then fell sharply into oversold territory near 30 in the morning, suggesting strong short-term correction. The RSI’s quick move from overbought to oversold suggests a volatile and potentially range-bound future.

Bollinger Bands

Volatility expanded significantly throughout the 24-hour period, with the upper band reaching 5.21e-06 and the lower band touching 5.08e-06. Price closed near the lower Bollinger band, suggesting bearish pressure. A period of contraction was observed earlier in the session, which often precedes a breakout — in this case, a failed one.

Volume & Turnover

Volume spiked sharply during the 5.18e-06–5.21e-06 rally, confirming the breakout. The largest volume was recorded at 5.18e-06, during a pullback, indicating increased bearish participation. Notional turnover mirrored volume patterns closely, with no significant divergence observed. This suggests strong participation and conviction from both bullish and bearish sides during key price levels.

Fibonacci Retracements

Applying Fibonacci to the key swing between 5.18e-06 and 5.21e-06, the 38.2% and 61.8% retracement levels aligned with 5.19e-06 and 5.16e-06, respectively. Price tested both levels during the pullback, suggesting they could offer temporary support or resistance. On a daily chart, the 61.8% retracement level from the recent low at 5.08e-06 is near 5.15e-06 — a level that has acted as both support and resistance.

Backtest Hypothesis

Using the patterns and indicators observed, a potential backtesting strategy could focus on a breakout-followed-by-correction model. Specifically, entries could be triggered upon a confirmed breakout above 5.18e-06 with a stop-loss placed below 5.15e-06. A target could be set at 5.21e-06, with exits considered as price approaches this level. The bearish engulfing pattern and failed breakout in the 5.20e-06–5.21e-06 range suggest a counter-trend short strategy could also be tested for the next 24 hours. Given the recent volatility and mixed momentum signals, it is recommended to use strict risk management and consider both directional and range-bound scenarios in backtesting.