Market Overview for AIXBTUSDT on 2025-09-20

• Price declined from 0.1211 to 0.1172, showing bearish bias.
• Momentum shifted from bullish to bearish with RSI below 30.
• Volume increased during the downswing, supporting bearish continuation.
• A large bearish candle formed late in the session at 0.1172.
• Volatility expanded during the early ET hours, indicating key support tested.

AIXBTUSDT opened at 0.1197 on 2025-09-19 at 12:00 ET and reached a high of 0.1211 before closing at 0.1172 on 2025-09-20 at 12:00 ET. The pair traded between 0.1161 and 0.1211 over the 24-hour period, with a total volume of 24,088,683.6 and a notional turnover of $2,747,595. The session was marked by a clear bearish trend, with price testing key support levels and forming identifiable candlestick formations.

Structure & Formations

Price action revealed multiple bearish patterns including a large bearish candle at 0.1172 and a series of lower highs. Notable resistance appeared at 0.1205–0.1211, with strong support forming at 0.1172–0.1178. A bearish engulfing pattern appeared near the 0.1193 level, suggesting continuation of the downward trend. A doji near 0.1191–0.1192 hinted at indecision, but price quickly broke below it.

Moving Averages

On the 15-minute chart, the 20-period MA dipped below the 50-period MA, confirming a bearish crossover. On the daily chart, the 50-period MA crossed below the 100 and 200-period MAs, reinforcing the bearish sentiment. The price closed below all three moving averages, indicating that the pair remains in a downtrend.

MACD & RSI

MACD remained negative throughout the session, with a bearish histogram indicating strong downward momentum. RSI dropped below 30 and hovered near 25, signaling oversold conditions. However, the price failed to reverse after reaching this level, suggesting that the bearish trend may persist. A short-term rebound could occur, but further confirmation is needed.

Bollinger Bands

Volatility expanded during the early ET hours, with the bands widening to accommodate the sharp decline. Price spent much of the session near the lower Bollinger band, indicating oversold territory. A contraction in volatility was observed in the final hours of the session, potentially setting the stage for a breakout or continuation.

Volume & Turnover

Volume spiked during the sharp decline from 0.1205 to 0.1172, with the largest 15-minute candle (0.1167 at 23:30 ET) trading over 560k units. This volume supported the bearish move. Turnover also increased in line with the price drop, with no divergence between volume and price observed. The last few candles showed a reduction in volume, suggesting exhaustion in the short-term bearish trend.

Fibonacci Retracements

Fibonacci levels were drawn between the high of 0.1211 and the low of 0.1167. Key levels at 0.1186 (38.2%) and 0.1179 (61.8%) were tested multiple times. Price found support at the 61.8% level and bounced slightly, but failed to close above it. These levels may serve as potential areas of interest in the coming session.

Backtest Hypothesis

A potential backtest strategy could involve entering short positions on breaks of the 61.8% Fibonacci level (0.1179), confirmed by a bearish candle close below it. Stop-loss placement would be above the 38.2% level at 0.1186, while take-profit targets might be set near the 0.1167 low or the next support at 0.1157. This setup would be triggered by a bearish engulfing pattern and a RSI dip below 30. A trailing stop could be used if price remains below the 0.1186 resistance, allowing for potential further downside.