Market Overview: AIXBTUSDT Navigates Bearish Pressure Amid Key Resistance and Divergences

• AIXBTUSDT posted a bearish close after hitting 0.1161 in early morning hours.
• RSI entered overbought territory before retracing, indicating potential bearish exhaustion.
• Volume surged during key price highs but faded during the decline, suggesting divergences.
• Bollinger Bands showed moderate volatility with price closing near the lower band.
• A descending triangle and bearish engulfing patterns are visible, signaling potential continuation of bearish bias.

’s AIXBTUSDT pair opened at 0.1141 on 2025-09-16 at 12:00 ET, peaked at 0.1161, and closed at 0.1132 on 2025-09-17 at 12:00 ET. Total volume over 24 hours was 8,129,263.2, with a notional turnover of $911,587.32 (based on mid-price of 0.1145).

Structure & Formations

Price formed a bearish engulfing pattern at the top of a small ascending triangle, confirming a potential reversal. A doji appeared at 0.1151 (2025-09-17 01:15), indicating indecision after the morning high. Key support levels were identified at 0.1132 and 0.1121, with resistance at 0.1149 and 0.1157. The price has struggled to break above 0.1161, which may serve as a near-term ceiling.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA in a death cross, signaling bearish momentum. On the daily chart, the 50-period MA is above the 100-period MA but below the 200-period MA, indicating a mixed bias with bearish near-term pressure. Price closed below the 20-period MA, suggesting potential continuation of the decline.

MACD & RSI

MACD showed bearish divergence with price, as the histogram contracted during the decline from 0.1161 to 0.1132, despite the price dropping. RSI briefly entered overbought territory (70–75) after the 0.1161 high but quickly reversed into neutral and bearish territory, confirming the bearish bias. RSI now sits in the mid-40s, indicating a potential consolidation phase before further moves.

Bollinger Bands

Bollinger Bands showed a moderate expansion during the morning high, followed by a contraction during the afternoon sell-off. Price closed near the lower band, suggesting oversold conditions. This could act as a short-term support level, but a sustained close below 0.1121 could trigger a new wave of bearish sentiment.

Volume & Turnover

Volume spiked during the morning high (0.1161), reaching 305,155.8, but dropped during the decline, with the largest volume drops occurring after 03:00. This price-volume divergence suggests weakening bullish conviction. Turnover also peaked at 0.1161 before tapering off. A sharp drop in volume at key support levels (0.1132, 0.1121) indicates a lack of conviction in the bearish move for now.

Fibonacci Retracements

Applying Fibonacci to the swing high (0.1161) to the recent low (0.1121), the 0.1146 level (38.2%) acted as a minor support, and the 0.1132 level (61.8%) currently holds as the main support. Price is likely to test 0.1121 next, which could serve as a 78.6% retracement level for the near term.

Backtest Hypothesis

Given the bearish engulfing pattern and the 61.8% Fibonacci retracement at 0.1132, a backtest hypothesis could focus on a short-biased strategy entering on a close below 0.1132 with a stop above the 0.1146 level. A target of 0.1115 aligns with the next Fibonacci level and recent volatility patterns. This setup leverages both price action and Fibonacci levels to capture continuation of the bearish trend. The strategy would be most effective if RSI falls into oversold territory and volume declines at key support levels, indicating weak buying interest.