Market Overview: SuperVerse/Bitcoin (SUPERBTC) - November 11, 2025

Summary
• Price declined from 3.04e-06 to 2.96e-06 on heavy volume.
• Oversold RSI and expanding Bollinger Bands suggest potential reversal.
• Lack of bullish candlestick patterns highlights cautious sentiment.
• Turnover surged during midday decline, signaling bearish conviction.
• 20-period MA failed to provide support during key selloff.

SuperVerse/Bitcoin (SUPERBTC) opened at 3.04e-06 on November 10 at 12:00 ET and closed at 2.96e-06 the following day at the same time. The pair reached a high of 3.08e-06 and fell to a low of 2.95e-06. Total volume over the 24-hour period was 55,146.0 with notional turnover of approximately $0.165 million.

The 24-hour chart reveals a significant downward trend, particularly in the early part of the session, where price action broke below key support levels and remained weak. The RSI dipped into oversold territory near the close, hinting at possible bearish exhaustion or a potential reversal. Bollinger Bands expanded during the selloff, reflecting increased volatility. However, no clear bullish candlestick patterns emerged to confirm a reversal.

Structure & Formations

Price fell through the 3.04e-06 level and found short-term support at 2.99e-06 before breaking down further. A small bearish engulfing pattern formed around 3.03e-06, confirming bearish momentum. No significant bullish formations were observed, and the price has yet to form a clear base or consolidation pattern.

Moving Averages

The 20 and 50-period moving averages on the 15-minute chart failed to hold during the key selloff, with price closing well below both. Daily charts indicate a longer-term bearish trend, with price well below the 50, 100, and 200-day averages. This reinforces the bearish bias but may be challenged if the RSI continues to rise and volume declines.

MACD & RSI

MACD crossed below the signal line during the selloff, confirming bearish momentum. RSI, which had been in overbought territory earlier in the session, dipped into oversold territory near the close, suggesting a potential short-term reversal may be imminent. Traders should watch for a rebound above 3.05e-06 as a potential reversal signal.

Bollinger Bands

Volatility expanded during the selloff, with price closing near the lower band, indicating bearish conviction. A potential rebound would need to exceed the upper band or retrace significantly into the midline for a bullish signal. The expansion may precede a contraction, which could signal a consolidation phase ahead.

Volume & Turnover

Volume spiked during the midday selloff and again in the late afternoon, indicating bearish conviction. Turnover was concentrated during these periods, with no clear divergence between price and volume. This supports the bearish bias and suggests further downside could be confirmed with additional volume.

Fibonacci Retracements

Applying Fibonacci to the 24-hour move from 3.08e-06 to 2.95e-06, price tested the 61.8% retracement level around 3.01e-06 but failed to hold. A bounce from 2.99e-06 could see price test the 38.2% level at 3.04e-06, which may act as resistance. A break below 2.95e-06 would open the door to further testing of prior levels.

Backtest Hypothesis

Given the bearish bias, identifying a “Bullish Engulfing” pattern in a longer time frame (e.g., daily or 4-hour) could be a valuable entry signal for a reversal strategy. A 3-day holding period from the signal date could be tested against a benchmark such as BTC or a “HOLD” strategy. To proceed, the correct symbol format (e.g., SUPERBTC.BINANCE) must be confirmed to ensure accurate pattern detection and data alignment for backtesting.