SCRBTC Market Overview: 2025-09-25 12:00 ET

• • •

• SCRBTC consolidates near 2.48e-6, forming a tight range with muted volatility and minimal trend bias.
• Volume surges post-17:15 ET, signaling increased selling pressure as price dips toward 2.50e-6.
• No clear reversal patterns form, but bullish divergence in RSI suggests possible near-term stabilisation.

At 12:00 ET on 2025-09-25, Scroll/Bitcoin (SCRBTC) traded at 2.47e-6, down from the 12:00 ET -1 open of 2.53e-6. The 24-hour period saw a high of 2.54e-6 and a low of 2.43e-6. Total volume traded was 245,326.7 units, with a notional turnover of 608.1 BTC equivalent. Price action reflects a mixed session with intermittent buying interest and a bearish bias after 17:15 ET.

Structure & Formations

Over the past 24 hours, SCRBTC has traded within a narrow range centered around 2.48e-6, with 2.50e-6 acting as a key short-term resistance and 2.46e-6 as support. A bearish pinbar formed at 19:45 ET, hinting at rejection at higher levels. A bullish harami appeared at 02:45 ET, suggesting short-term stabilisation. No strong reversal patterns have emerged, though the price has spent over 50% of the period consolidating within a 0.02e-6 band, indicating high indecision.

Moving Averages

On the 15-minute chart, the 20-period MA (2.48e-6) and 50-period MA (2.47e-6) are in a bullish crossover, suggesting short-term buyers are active. However, the daily MA structure is neutral: the 50-period MA sits at 2.49e-6, while the 100-period MA is at 2.50e-6, and the 200-period MA is at 2.52e-6. Price remains below key medium-term averages, which could limit upside potential in the absence of a strong breakout.

MACD & RSI

The MACD line is near zero with a very narrow histogram, indicating a balance between bullish and bearish momentum. The 9-period RSI fluctuated within the 50–60 range for most of the session, pointing to a sideways trend. A brief oversold signal at 2.46e-6 (RSI 48) suggested short-term support, but the price failed to rally beyond 2.48e-6, indicating weak follow-through from buyers.

Bollinger Bands

Price action has remained within the Bollinger Bands for the majority of the 24-hour period, with the upper band at 2.52e-6 and lower band at 2.44e-6. Volatility has been compressed over the past 12 hours, with the bands narrowing slightly. This could signal an imminent breakout or continuation within the range. The current price of 2.47e-6 lies slightly below the 20-period moving average, indicating a bearish tilt in the short term.

Volume & Turnover

Trading volume increased significantly during the early evening hours in New York, with over 59,000 units transacted at 17:15 ET. This coincided with a sharp price decline to 2.50e-6. Turnover spiked at similar times, indicating strong bearish sentiment. In contrast, volume remained muted for most of the session, suggesting low conviction in either direction. A divergence between rising price and falling volume occurred near 00:30 ET, hinting at weakening bullish momentum.

Fibonacci Retracements

Applying Fibonacci levels to the 24-hour high of 2.54e-6 and low of 2.43e-6, key retracement levels include 2.51e-6 (38.2%), 2.49e-6 (50%), and 2.47e-6 (61.8%). Price has tested the 61.8% level twice in the last 6 hours, with the second attempt failing to close above it. This suggests strong support is forming in the 2.46e-6–2.47e-6 range.

Backtest Hypothesis

A potential strategy could involve a short-biased approach using a combination of RSI and MACD to enter trades within the 2.46e-6–2.50e-6 range. Long entries may be triggered on bullish divergences in the RSI, but these have been weak so far. Short entries would ideally occur after a bearish crossover in the MACD or a break below 2.47e-6 with increasing volume. Stop-loss levels could be set above 2.49e-6 for short positions, with take-profit targets at 2.45e-6 and 2.43e-6. This strategy would benefit from the current range-bound environment but would require confirmation on the next 24 hours.