Market Overview for AdEx (ADXUSDT) – August 10, 2025

• ADXUSDT edged lower in a bearish trend, closing below the 0.1490 psychological level after forming a bearish engulfing pattern near 0.1495.
• Volatility increased moderately, with Bollinger Bands widening in the final 6 hours of the 24-hour cycle.
• RSI signaled oversold conditions for a brief period but failed to trigger a meaningful rebound, suggesting bearish momentum remains intact.
• Volume surged during the 21:00–24:00 ET range, coinciding with the breakdown below key support at 0.1470.
• A 61.8% Fibonacci retracement level at 0.1463 appears to be acting as a near-term support threshold.

At 12:00 ET on August 9, AdEx (ADXUSDT) opened at 0.1467, peaked at 0.1495, and fell to a 24-hour low of 0.1434 before closing at 0.1494 by 12:00 ET on August 10. Total volume amounted to 13,928,940.0 USDT, with a notional turnover of approximately $2,110,742.

Structure & Formations

ADXUSDT displayed a clear bearish bias over the 24-hour period, marked by a breakdown below 0.1470 and a subsequent retest of 0.1463. A bearish engulfing pattern formed at 0.1495, signaling continued downward pressure. A 0.1490–0.1495 resistance zone failed to hold, suggesting further testing of 0.1450 is possible if momentum deteriorates further.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly during the 09:00–12:00 ET window, reinforcing the short-term downward trend. On the daily chart, the 50-day moving average is currently above the 200-day MA, indicating a bearish bias in the broader context. ADXUSDT closed below both the 50- and 100-day MAs, signaling a continuation of bearish momentum.

MACD & RSI

The MACD line turned negative during the early hours of the morning, confirming the bearish turn. The histogram showed a gradual increase in negative divergence through the 24-hour period, especially after 07:00 ET. RSI briefly hit oversold territory at 0.1463 but failed to rebound strongly, indicating a lack of immediate buying interest. A retest of RSI levels below 30 may signal deeper bearish exhaustion.

Bollinger Bands

Volatility expanded in the final 6 hours of the 24-hour window, with Bollinger Bands widening to a standard deviation of 0.0018. Price briefly touched the lower band at 0.1435, a sign of a potential short-term rebound. However, the closing price remained above the lower band, indicating that volatility remains on the rise.

Volume & Turnover

Volume spiked sharply during the 09:00–12:00 ET session, with a large 15-minute candle at 09:00 ET printing 1.39 million USDT in volume and a high of 0.1553. The surge in volume supported the bearish breakdown, as price closed lower on heavy volume. Turnover confirmed the breakdown below 0.1470, but subsequent candles showed a gradual decrease in volume, suggesting a potential consolidation phase ahead.

Fibonacci Retracements

ADXUSDT’s 24-hour move from 0.1553 to 0.1434 saw price retesting the 61.8% Fibonacci level at 0.1463 with minimal rejection. This level may act as a near-term support. On the 15-minute chart, retracements from the 09:00 ET high suggest 0.1485 and 0.1470 as critical levels for potential reversals or retests.

ADXUSDT may see a short-term consolidation phase near 0.1460–0.1470, with a potential test of 0.1450 if bearish momentum continues. Investors should remain cautious of volatility spikes and potential liquidity imbalances as the market approaches key psychological levels.