Market Overview for AdEx/Bitcoin (ADXBTC) – 24-Hour Summary as of 2025-10-24

• ADXBTC traded in a tight range near $0.00000084, with minimal price movement and low volume.
• No significant candlestick patterns emerged, but a minor pullback to $0.00000083 in early ET hours showed slight volatility.
• High volume spiked briefly after 19:00 ET, followed by consolidation and no follow-through.
• RSI and MACD remained neutral, indicating no strong directional bias.
• Bollinger Bands showed a narrow contraction, with price clustered near the middle band.

The AdEx/Bitcoin (ADXBTC) pair opened at $0.00000084 at 12:00 ET − 1 and closed at the same level 24 hours later on 2025-10-24 at 12:00 ET. During the period, it reached a high of $0.00000085 and a low of $0.00000083. Total trading volume was 484,548.0, with notional turnover remaining stable. Price action was largely range-bound, showing no signs of strong bullish or bearish momentum.

Structure & Formations revealed a lack of clear candlestick patterns, with most bars showing unchanged open and close prices, forming doji or very tight bodies. A brief pullback to $0.00000083 between 19:45 ET and 20:00 ET showed a minor bearish impulse but failed to continue. No significant support or resistance levels were breached, and price remained clustered around the $0.00000084 level.

Moving averages on the 15-minute chart remained flat at $0.00000084, indicating no near-term trend. The 20-period and 50-period lines were closely aligned, reinforcing the range-bound condition. On the daily chart, the 50- and 100-day SMAs were also closely aligned, suggesting a continuation of a sideways trend. The 200-day SMA, if available, would likely reinforce this lack of directional bias.

MACD indicators showed no divergence or convergence, with the histogram flat near zero. RSI remained around 50, suggesting equilibrium between buyers and sellers, with no overbought or oversold conditions. While this neutrality implies no immediate momentum, it also means the market is not setting up for a sharp move in either direction.

Bollinger Bands on the 15-minute chart showed a significant contraction, with the bands narrowing to a single line near $0.00000084. Price remained close to the middle band throughout the period, indicating low volatility. This tightening could suggest a potential breakout is on the horizon, but as of the end of the 24-hour period, no such move materialized. A widening of the bands may be a signal to watch in the next 24 hours.

Volume and turnover remained subdued for most of the period, with only a few spikes—most notably at 19:00 ET when a high volume of 135,275.0 occurred. However, the price failed to follow through with any meaningful move after this, indicating possible distribution or lack of conviction in buying pressure. The low turnover suggests limited interest in the pair, and divergence between volume and price is not evident.

Fibonacci retracements drawn from the small move to $0.00000083 showed the level to be near the 23.6% retracement. No 38.2% or 61.8% levels were reached within the 24-hour window, and price action failed to test these levels with conviction. As such, the pair appears to be consolidating around a key cluster without forming any clear Fibonacci-driven structure.

Backtest Hypothesis

To evaluate potential support-bounce opportunities in ADXBTC from 2022-01-01 to 2025-10-24, a backtest could focus on swing-low support levels—specifically the 30-day swing low. This would involve identifying each day where the closing price touched or broke the lowest close from the previous 30 trading days. At each such event, a hypothetical long entry could be triggered to assess its performance against a defined exit strategy, such as a 2% trailing stop or a fixed time horizon.

Alternatively, using the 200-day simple moving average as a support proxy could also be viable, particularly in a low-volatility environment like ADXBTC. The event date would be defined as the first day the closing price touched or dipped below the 200-day SMA. Using this approach, we could assess the frequency and profitability of trades entering long when price bounced above this level. Once the event definition is finalized, we can gather the necessary historical indicator data and generate the event dates accordingly.