AdEx/Bitcoin Market Overview for 24-Hour Period Ending 2025-09-27 12:00 ET

• Price consolidated between 9.7e-07 and 9.9e-07, with minor upward drift observed.
• Volume was inconsistent, with a spike of 33435.0 at 16:15 ET followed by multiple zero-volume intervals.
• A bullish engulfing pattern formed at 20:45 ET, indicating potential short-term bullish momentum.
• RSI and MACD showed muted signals, suggesting low conviction in directional bias.
• Price tested and retested 9.8e-07, forming a key horizontal support/resistance level.

The AdEx/Bitcoin (ADXBTC) pair opened at 9.7e-07 on 2025-09-26 12:00 ET, reached a high of 9.9e-07, and a low of 9.7e-07, closing at 9.8e-07 on 2025-09-27 12:00 ET. Total traded volume for the 24-hour period was 227,917.0, with a notional turnover of approximately $219.42 (based on 64–73 ADX traded per candle). The pair remained range-bound with limited directional momentum, despite a handful of volume-driven price attempts to break out.

Over the past 24 hours, ADXBTC exhibited low volatility and a lack of clear trend strength. Price action remained clustered between 9.7e-07 and 9.9e-07, with 9.8e-07 acting as a central pivot point. A bullish engulfing candle emerged at 20:45 ET, suggesting a short-term reversal attempt, but it failed to produce sustained follow-through. Multiple zero-volume candles further underscored the lack of conviction in directional bias. A doji appeared at 21:15 ET, signaling potential indecision at a key swing high.

The 20-period and 50-period moving averages on the 15-minute chart were close to one another, indicating no strong trend signal. The 20-period MA was at 9.8e-07, while the 50-period MA hovered slightly above. Bollinger Bands showed little expansion, with price frequently touching the mid-band without clear deviation. RSI remained in mid-range territory (40–50), consistent with consolidation, while MACD showed no clear divergence but indicated a flat momentum profile.

ADXBTC’s volume profile was irregular, with notable spikes at 16:15 ET and 20:45 ET. However, these surges did not translate into meaningful price movements, suggesting possible liquidity traps or automated trading activity. Price and turnover showed little correlation during the spikes, indicating weak conviction. Fibonacci retracements drawn from the 9.7e-07 to 9.9e-07 swing showed 9.8e-07 aligning with the 50% level, reinforcing its role as a key psychological pivot.

The backtesting strategy focuses on leveraging the 50-period moving average and RSI in overbought/oversold conditions. A long signal is triggered when price crosses above the 50-period MA and RSI dips below 30, with a stop loss placed at the 20-period MA. Conversely, a short signal is generated when price crosses below the 50-period MA and RSI rises above 70. The strategy emphasizes entries in low volatility environments, which ADXBTC exhibited over the past 24 hours. Given the pair's current setup, such a strategy may benefit from a breakout attempt confirmed by volume and RSI divergence.