SCETH Market Overview for 2025-10-03

• SCETH remained in a tight range near $0.00000061, with minimal price movement and no clear directional bias.
• No significant candlestick patterns or divergences in volume/price action were observed during the 24-hour window.
• Trading volume spiked twice in the late ET session but failed to move the price beyond $0.00000061.
• RSI and MACD showed no overbought or oversold signals, indicating a neutral momentum environment.
• Bollinger Bands were compressed, suggesting low volatility and potential for a breakout in either direction.

Siacoin/Ethereum (SCETH) opened at $0.00000061 on October 2, 2025, at 12:00 ET, and traded within a narrow range over the following 24 hours. The price reached a high of $0.00000061 and a low of $0.00000060, closing at $0.00000061 at 12:00 ET on October 3. Total volume traded over the period was 12,112,000.0, while notional turnover amounted to $7.41.

Structure & Formations

The 15-minute OHLCV data revealed no major support or resistance levels, as the price remained confined within a tight range around $0.00000061 throughout the day. A few minor pullbacks were observed, such as a low at $0.00000060 at 19:00 ET, but the price quickly returned to the upper end of the range. No significant candlestick patterns—such as engulfing or doji—were observed during the session, indicating a lack of directional conviction from market participants.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages closely aligned, reinforcing the sideways consolidation. The price frequently tested the 50-period line but failed to cross it in either direction. On the daily chart, the 50-period and 200-period moving averages remained flat, indicating no immediate shift in trend. The price remained above the 200-period line, suggesting that the pair is still in a broader bull phase but currently in a pause.

MACD & RSI

The MACD line remained near zero for most of the period, with no clear divergence or histogram expansion, indicating weak momentum. The RSI hovered between 48 and 52, consistent with a neutral, non-directional market. No overbought or oversold conditions were observed, further suggesting that the pair is in a consolidation phase with no immediate bias.

Bollinger Bands

Bollinger Bands were narrowly compressed for the majority of the 24-hour window, indicating a low volatility environment. The price traded within a tight band for most of the session, occasionally testing the upper and lower boundaries but failing to break through. This suggests that the market is waiting for a catalyst to either break out of the range or continue the consolidation.

Volume & Turnover

Volume was generally low throughout the session, with occasional spikes—most notably at 18:45 ET and 21:45 ET—when the price briefly moved lower. Despite the spikes, the notional value of those trades did not result in any significant price movement, indicating that the volume was likely from smaller or opportunistic trades. There were no notable divergences between price and turnover, and the overall pattern remained neutral.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (from $0.00000060 to $0.00000061), the 38.2% and 61.8% retracement levels coincided with the price action, suggesting potential areas of interest for the next few hours. The price may test these levels for continuation or reversal signals. On the daily chart, the 61.8% retracement level remains in play as a potential support or resistance area in the near term.

Backtest Hypothesis

Given the low volatility and flat price action, a mean-reversion strategy that exploits retests of the Fibonacci 38.2% and 61.8% levels could be backtested on this pair. A potential approach would involve entering a long position when price pulls back to the 38.2% retracement from a minor low and closes above the 20-period EMA, with a stop-loss just below the previous swing low. Conversely, a short entry could be triggered when the price rallies to the 61.8% level and fails to break through it, with a stop above the last swing high. The strategy would aim to profit from the expected consolidation pattern and could be optimized by adjusting the time frame and position sizing based on risk parameters.