SuperVerse/Bitcoin (SUPERBTC) Market Overview

• Price rose to a 24-hour high of $5.28e-06, driven by late-night buying in the final 4 hours.
• MACD turned positive after 19:30 ET, confirming bullish momentum.
• Volume spiked above 27,000 at 20:00 ET, coinciding with a sharp drop in price.
• RSI hit 55, showing moderate strength, not yet overbought.
• Bollinger Bands showed a moderate expansion after 03:00 ET, signaling rising volatility.

SuperVerse/Bitcoin (SUPERBTC) opened at $5.20e-06 on September 14 at 12:00 ET, reached a high of $5.28e-06, and closed at $5.26e-06 on September 15 at 12:00 ET. Total volume over the 24-hour period was 82,055.0, with a notional turnover of $417.09 (calculated from volume × average price).

Structure & Formations

The price action formed a bullish trend with a key breakout above $5.25e-06. A strong bearish reversal candle appeared at 20:00 ET with high volume, suggesting profit-taking or short-term bearish sentiment. A small doji formed at 03:00 ET, indicating indecision. Resistance levels include $5.28e-06 and $5.27e-06, while support is found near $5.23e-06 and $5.22e-06.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed above the 50-period, signaling a bullish crossover. The price is currently above both, indicating short-term bullish momentum. On the daily chart, if extended, the 50/100/200 lines are not visible in this 15-minute dataset, but the trend remains clearly positive over the 24-hour window.

MACD & RSI

The MACD line crossed above the signal line after 19:30 ET, confirming a bullish trend. RSI reached a high of 55, indicating moderate strength but not overbought territory. The positive divergence between MACD and price suggests continued upward momentum could follow.

Bollinger Bands

Price moved between the upper and lower Bollinger Bands throughout the day, showing a volatile session. A contraction occurred around 19:00 ET, followed by a sharp expansion at 03:00 ET. This suggests the price is likely to continue in a trending rather than ranging pattern in the near term.

Volume & Turnover

Volume showed a large spike at 20:00 ET with 27,178 units traded, coinciding with a sharp price drop from $5.25e-06 to $5.22e-06. This suggests increased bearish participation. However, the overall notional turnover remained stable, with no clear divergence between price and volume.

Fibonacci Retracements

Applying Fibonacci levels to the major swing from $5.20e-06 to $5.28e-06, the price retraced to 38.2% at $5.25e-06 and 61.8% at $5.22e-06. The price found support at both levels but remained below 78.6% of the retracement, indicating potential for further consolidation or retesting of key resistance.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions on the confirmation of a bullish MACD crossover while price is above the 20-period moving average and RSI is below 55. A stop-loss could be placed just below the most recent swing low (e.g., $5.22e-06), and a take-profit target could align with the 61.8% Fibonacci extension or the next resistance at $5.28e-06. This approach would aim to capture continuation of the bullish trend with defined risk and reward parameters.