AEVOBTC Market Overview

• Price consolidates near 8.8e-07, with minor 15-min dips to 8.6e-07.
• Low volatility with minimal range on most candles and low turnover.
• Key resistance forms at 9.1e-07, tested multiple times without a strong break.
• Volume surges in late-night ET drive price to 9.2e-07 but fades quickly.
• RSI and MACD show no strong overbought/oversold signals, indicating sideways bias.

Aevo/Bitcoin (AEVOBTC) opened at 8.8e-07 on 2025-09-10 at 12:00 ET, and closed at 8.8e-07 on 2025-09-11 at 12:00 ET. The price reached a high of 9.2e-07 and a low of 8.6e-07 over the 24-hour period. Total volume was 301,262.58 and notional turnover amounted to 270.78 AEVOBTC.

Structure & Formations

The price action shows consolidation near 8.8e-07, with minor fluctuations and no strong directional bias. A notable pattern appears at 9.1e-07, where the price repeatedly tested this level without breaking through, forming a potential resistance zone. A small bearish engulfing pattern appears at 00:45 ET, but it lacks confirmation with volume or follow-through. A doji forms at 05:15 ET as the price drops from 9e-07 to 8.8e-07, indicating indecision.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages are closely aligned, reflecting the range-bound nature of the market. On the daily chart, the 50- and 100-period moving averages converge near 8.8e-07, suggesting a potential equilibrium point. The 200-period moving average is slightly lower, indicating no strong trend. The price remains near its 200-period average, reinforcing the consolidation narrative.

MACD & RSI

The MACD line remains flat, with no clear divergence from price, indicating balanced momentum. The histogram shrinks and expands in sync with volume spikes, particularly around 00:30–00:45 ET, when the price hit 9.2e-07. RSI fluctuates between 50 and 55, showing no overbought or oversold signals, suggesting the market remains in a neutral to slightly bearish phase. No strong reversal signals are emerging from either indicator.

Bollinger Bands

The price remains within the Bollinger Bands for most of the session, with only a brief excursion to 9.2e-07. The upper band is at 9.1e-07, acting as a clear resistance level, while the lower band sits near 8.6e-07, coinciding with the 14:30 ET candle. The bands appear slightly expanded during the overnight session but contract during daytime hours, indicating reduced volatility.

Volume & Turnover

Volume peaks at 9.1e-07 around 00:30–00:45 ET, coinciding with the price test of this level. However, the volume fails to confirm a strong break, suggesting a bearish rejection. Later in the day, volume declines, even as the price dips to 8.6e-07 at 14:30 ET, signaling a weak bearish move. Turnover remains low overall, indicating a lack of conviction from market participants on either side.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from 8.6e-07 to 9.2e-07, the 61.8% level sits at 8.9e-07, and the 38.2% level at 8.8e-07. The price tested the 61.8% level multiple times without a clear break, reinforcing its role as a support zone. The 8.8e-07 level has acted as a floor, and the market appears to be consolidating around this area. A break below 8.7e-07 would likely target 8.6e-07 next.

Backtest Hypothesis

Given the consolidation near 8.8e-07 and the repeated testing of the 9.1e-07 resistance level, a viable backtest strategy would involve placing a short-term sell limit order at 9.1e-07 with a stop-loss just below 8.9e-07. The idea is to capture the bearish rejection at this level, supported by the MACD divergence and RSI neutrality. A buy stop above 9.2e-07 could also be tested for a long bias, though volume on this move was not strong enough to confirm it. This setup relies on continuation of the current equilibrium and assumes a lack of external catalysts.