Market Overview for AIXBT/Tether (AIXBTUSDT) – 2025-09-23

• AIXBTUSDT traded in a tight range overnight before a late-night rebound pushed price higher in the morning.
• Price tested and rejected key support levels at 0.0985 and 0.0976, with a final close above 0.0995.
• Volume spiked during the 0.0985–0.0995 recovery phase, indicating increasing buyer interest.
• RSI moved into overbought territory during the late morning, signaling potential near-term exhaustion.

AIXBTUSDT opened at 0.0999 at 12:00 ET – 1, reaching a low of 0.0976 before a strong reversal lifted it to a 24-hour high of 0.1015. The pair closed at 0.0997 at 12:00 ET. Total traded volume was 17,820,837.3, with notional turnover at approximately $1,766,609, calculated using mid-range prices.

Structure & Formations

Price formed a bullish engulfing pattern at 0.0989–0.0995 around 01:30–02:45 ET, signaling a potential short-term reversal. A key 15-minute doji appeared at 0.0993 (05:15 ET), highlighting indecision at a critical support area. Price held above 0.0985, suggesting that the psychological level remains intact and may offer continued support.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed positively in the early morning, forming a bullish crossover. Daily moving averages (50, 100, 200) were aligned lower, suggesting a longer-term bearish trend but with potential short-term countertrend strength from the overnight recovery.

MACD & RSI

MACD turned bullish in the early morning as the price surged from 0.0985 to 0.1015, with the histogram showing strong positive divergence. RSI reached overbought levels at 72, indicating that near-term momentum may be exhausting. However, the RSI divergence with price did not show clear bearish signs, suggesting buyers remain active.

Bollinger Bands

Volatility expanded significantly during the 0.0985–0.1015 move, with the upper band reaching 0.1015 at 03:45 ET. Price remained above the 20-period moving average and within the upper band, showing that momentum remains intact. A consolidation phase is likely if price retraces toward the mid-band at ~0.0998–0.0999.

Volume & Turnover

Volume surged between 01:30 and 03:00 ET, coinciding with the 0.0985–0.1015 move. This aligns with the price’s break above key support and into overbought territory. The increased turnover confirmed the strength of the move. Divergence between volume and price was not observed during the 09:00–11:00 ET consolidation phase, suggesting the move is still supported by active buying.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart showed price testing the 0.0985 (61.8%) level before bouncing strongly. On the daily timeframe, the 0.0995 level aligns with the 38.2% retracement of the previous 48-hour decline, reinforcing its importance as a short-term pivot. If the current rally extends, the next Fibonacci level to watch is the 0.1015 (100%) retracement from the recent low.

Backtest Hypothesis

Given the current pattern of a bullish engulfing candle at 0.0989–0.0995 and a strong MACD divergence, a backtest could simulate a long entry at the close of the 02:45 ET candle (0.0989) with a stop-loss placed below 0.0976 and a take-profit at 0.1005. The RSI divergence and volume confirmation suggest this setup has a high probability of success over a 6–8-hour holding period, particularly if the 0.0995–0.1005 range holds.