Market Overview for aixbt/Tether (AIXBTUSDT) – 2025-10-13

• AIXBTUSDT ended 24-hour period near resistance, forming bullish engulfing patterns mid-day.
• Volatility expanded in the early morning, with volume spiking to over 6.6M BTC, confirming strength.
• RSI approached overbought territory, suggesting a possible consolidation phase ahead.
• Price remained above both 20- and 50-period moving averages, supporting short-term bullish momentum.
• Bollinger Bands contracted briefly at 04:00 ET, hinting at potential breakouts in the near term.

Opening at 0.0613, aixbt/Tether (AIXBTUSDT) closed at 0.0652 on 2025-10-13, reaching a high of 0.0681 and a low of 0.0608. Total 24-hour trading volume reached 60.67M BTC, with notional turnover at $39.41M. The price action reflected a bullish bias, with strong volume clusters in the late ET afternoon and early morning hours.

The 20-period and 50-period moving averages on the 15-minute chart remained in bullish alignment, with price staying above both through the session. A notable bullish engulfing pattern appeared around 17:00 ET, signaling potential continuation higher. Resistance levels formed at 0.0660–0.0681 and 0.0645–0.0655, while key support was noted at 0.0640–0.0638. A bearish doji formed at 09:00 ET, suggesting a brief pause but no reversal in the short-term trend.

Relative strength index (RSI) crossed into overbought territory in the late afternoon, peaking at 67.3. While not deeply overbought, it suggests a potential pullback. Bollinger Bands showed a brief contraction at 04:00 ET, followed by a breakout attempt. Price stayed above the upper band in the final hours, indicating a period of high volatility and momentum. The MACD line remained above the signal line, with positive divergence suggesting continued upside potential in the next 24 hours.

The volume profile showed a distinct spike above 3M BTC between 06:30–08:00 ET, coinciding with a sharp move above 0.0670. Notional turnover confirmed this strength, with $2.27M in value traded during this period. Divergences were minimal, with price and volume aligning in the afternoon and early evening. Fibonacci retracements of the morning’s high-to-low swing indicated a key 61.8% level at 0.0652, which coincided with the closing price. This alignment reinforced the likelihood of a near-term test of the 0.0660–0.0681 resistance cluster.

Backtest Hypothesis
The proposed strategy involves generating buy signals on a golden cross of the MACD and sell signals when RSI exceeds 70, using a daily interval. Given the 24-hour behavior of AIXBTUSDT, a golden cross would have been triggered during the early morning hours, coinciding with a breakout above 0.0665. A sell signal would have been generated in the late afternoon as RSI neared overbought levels. This strategy, if applied historically from 2022-01-01, would need to consider the asset’s high volatility and rapid reversals to avoid false signals. Further, testing on a lower interval (e.g., 4-hour or 1-hour) may yield more refined entry and exit points due to the asset's responsiveness to short-term momentum shifts.