Market Overview: AdEx/Bitcoin (ADXBTC) on 2025-11-13

• Price consolidates near 1.32–1.35e-06.
• Volume spikes at 04:30 and 05:00 ET with sustained buying pressure.
• Bullish momentum builds from 19:30 to 05:45 ET, hinting at potential breakout.
• Bollinger Bands tighten mid-cycle, suggesting volatility contraction.
• No major divergences in price and turnover seen in the 24-hour dataset.

The AdEx/Bitcoin (ADXBTC) pair opened at 1.33e-06 at 12:00 ET–1 and reached a high of 1.35e-06, a low of 1.31e-06, and closed at 1.35e-06 at 12:00 ET today. Total volume for the 24-hour period was 470,887.0, with turnover amounting to 609.16 BTC. The pair remains in a tight consolidation phase with increasing volume and no clear reversal signals yet.

Structure & Formations

ADXBTC exhibited a key consolidation range between 1.32e-06 and 1.35e-06, with a potential support at 1.32e-06 and resistance at 1.35e-06. A bullish reversal pattern was observed at 19:30 ET, with a bearish follow-through at 20:15 and a recovery by 04:30 ET. The 05:45 candle confirmed a continuation of the upward bias with strong close near the upper end of the range. These patterns suggest a possible breakout from the consolidation phase in the near term.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages were in close alignment, with price fluctuating slightly above and below both. This suggests indecision in the market, but a gradual climb over the last 8 hours suggests a potential bullish bias. The RSI hovered around the 50–60 range, indicating moderate momentum without reaching overbought levels. The MACD showed a positive divergence with the signal line crossing upward at 04:30, reinforcing the potential for a breakout.

Bollinger Bands and Volatility

Volatility remained low throughout the day, with Bollinger Bands contracting between 02:00 and 04:30 ET. However, from 04:30 onwards, the bands expanded as volume increased and the price moved closer to the upper band. This expansion suggests a period of heightened volatility and potential for a breakout. Price currently sits near the upper band, signaling potential overbought conditions and a possible pullback or continuation.

Volume & Turnover

Volume spiked dramatically at 04:30 and 05:00 ET, with notional turnover also surging. These spikes occurred as price approached the upper end of the consolidation range, suggesting strong conviction from buyers. The volume and turnover were in alignment with the price action, offering confirmation rather than divergence. The high volume on the 05:45 candle further reinforced the bullish momentum.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 15-minute swing from 19:30 to 05:45 ET, the price retested the 61.8% level at approximately 1.33e-06 before surging to 1.35e-06. The 61.8% retracement level acted as strong support, indicating a potential for continued bullish momentum. On the daily chart, the 50% retracement level from the previous week remains untested, but the 1.32e-06 level is key for near-term sentiment.

Backtest Hypothesis

While the raw candlestick pattern data for the Bullish Engulfing formation on “BLSH.N” returned no results, ADXBTC’s price action on 2025-11-13 included a strong reversal at 19:30 ET that visually resembles the pattern. A backtest strategy using manually identified Bullish Engulfing setups on 15-minute ADXBTC candles could provide insights into the efficacy of such patterns in this pair. By validating this visually observed pattern with historical data, a clearer signal may emerge for future buy entries. This could be integrated into a broader strategy using RSI and volume as entry confirmations.