Market Overview for Aevo/Bitcoin (AEVOBTC) – 2025-09-21

• Price rose from $0.00000091 to $0.00000114, forming bullish momentum with a 26.4% increase.
• RSI surged into overbought territory, indicating potential pullback risk ahead.
• Volume spiked during the final 6 hours, confirming late-day buying pressure.
• Bollinger Bands showed a recent expansion, suggesting higher volatility.
• Key support at $0.00000094 and resistance at $0.00000114 defined the 24-hour range.

Aevo/Bitcoin (AEVOBTC) opened at $0.00000091 (12:00 ET − 1), surged to a high of $0.00000114, and closed at $0.00000105 (12:00 ET). Total volume reached 1,264,570 contracts, while turnover amounted to approximately $1,275,910. The market exhibited strong price action driven by late-day volatility.

Structure & Formations

Price action on the 15-minute chart displayed a clear bullish bias, with a strong breakout from a key consolidation range between $0.00000094 and $0.00000105. Notable formations included a bullish engulfing pattern around 04:30 ET and a morning star pattern at 09:15 ET. A doji emerged at 11:45 ET, signaling potential exhaustion in the buying wave.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remained bullish, with price staying above both. For the daily timeframe, the 50-period MA was at $0.00000098 and the 200-period MA at $0.00000093, suggesting a medium-term bullish bias as the price crossed above the 50-period line.

MACD & RSI

MACD remained positive for most of the session, with a strong histogram divergence indicating ongoing bullish momentum. RSI surged above 70 toward the end of the session, reaching as high as 78, signaling potential overbought conditions and a risk of short-term correction. A pullback to 65 or lower could signal renewed momentum.

Bollinger Bands

Bollinger Bands expanded significantly after 04:15 ET, indicating heightened volatility. Price traded well above the upper band during the last 4 hours, confirming strength. However, such overextension may invite profit-taking, potentially bringing prices back toward the middle band or key support levels.

Volume & Turnover

Volume increased notably after 04:00 ET, with a large spike at 04:15 ET (73,990 contracts) and another at 15:30 ET (97,292 contracts), confirming strong institutional participation. Turnover followed a similar pattern, with a final-day peak of $138,045 at 15:30 ET. Divergences were not observed, suggesting aligned price and volume action.

Fibonacci Retracements

Applying Fibonacci retracements to the 24-hour move from $0.00000091 to $0.00000114, the 38.2% level at $0.00000102 and 61.8% at $0.00000098 were key pivot points. Price bounced from the 61.8% level at 04:30 ET before surging past the 38.2% level, indicating potential for a test of the $0.00000114 high in the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy could utilize the 15-minute bullish engulfing pattern and overbought RSI as entry signals, with a stop-loss at the 61.8% Fibonacci level and a target at 1.272 extension. Given the volume confirmation during these formations, this approach may offer a favorable risk-reward profile. Testing this strategy across similar price cycles could validate its effectiveness in high-volatility environments.