Market Overview for Anchored Coins AEUR/Tether (AEURUSDT) – 24-Hour Summary

• Price declined sharply from 1.0820 to 1.0303 over 24 hours, showing strong bearish momentum.
• Volatility spiked during the 22:00–01:00 ET window, with a 3.6% drop in a single 15-minute candle.
• RSI is oversold near 30, but price continues to fall, signaling potential bearish continuation.
• Bollinger Bands expanded sharply during the late-night sell-off, indicating high volatility.
• Volume increased significantly during the price drop, confirming the bearish move.

Anchored Coins AEUR/Tether (AEURUSDT) opened at 1.0807 (12:00 ET - 1) and closed at 1.0303 by 12:00 ET. The pair traded between 1.0820 (high) and 1.0301 (low) over the last 24 hours, with a total volume of 41,639.5 units and a notional turnover of 43,072.7 USD. The sharp decline highlights bearish dominance and increased volatility.

Structure & Formations

The 24-hour candlestick chart shows a strong bearish bias, with multiple rejection attempts from the 1.048–1.0662 range failing to hold. A key support level appears to be forming at 1.0301–1.0337, where price found a short-term floor. The 22:00–01:00 ET window saw a large bearish engulfing pattern followed by a doji near 1.0621, signaling indecision and exhaustion in the short-term rally. The price has shown a lack of follow-through buying above 1.055, reinforcing the bearish outlook.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have been consistently below the price action, confirming the bearish trend. The 50-period moving average is currently at 1.064, with the price well below it. On the daily chart, the 50/100/200 EMA lines are also trending lower, suggesting that the bearish momentum is structural and not merely a short-term correction. Price remains well below all key moving averages, reinforcing the likelihood of further downside.

MACD & RSI

The 15-minute MACD has remained in negative territory, with bearish divergence evident during the 22:00–02:00 ET window. The histogram expanded during the sharp sell-off, confirming the bearish strength. RSI is currently at 30, indicating oversold conditions, but the price continues to drop, suggesting that the bearish trend is likely to continue. A potential rebound could bring RSI into the 30–40 zone, but without a strong bullish reversal, the trend may remain intact.

Bollinger Bands

Bollinger Bands expanded significantly during the late-night sell-off, with price falling to the lower band and even briefly touching the lower 1.0301 level. This indicates a period of high volatility and suggests that a consolidation phase may be imminent. If the price remains below the mid-band, the bearish bias could continue. A retest of the upper band at 1.052–1.062 may be necessary for a potential short-term reversal, but the current context remains bearish.

Volume & Turnover

Volume spiked significantly during the 22:00–01:00 ET window, confirming the sharp price decline. The total volume was highest in the 1000–2200 ET window, with the largest spike occurring at 1.0828–1.0483. Notional turnover followed a similar pattern, with the largest amount seen during the 1.0476–1.0540 window. The volume-to-price divergence during the 06:00–11:00 ET window suggests weak follow-through buying, which aligns with the bearish trend.

Fibonacci Retracements

Fibonacci retracements on the 15-minute chart show that the price is currently near the 61.8% retracement level of the recent 1.0820–1.0483 move. A break below the 1.0301 level could bring the 78.6% level into focus. On the daily chart, the price remains near the 38.2% retracement level of the 1.0820–1.0483 move, suggesting further downside potential if the trend continues.

Backtest Hypothesis

Given the current bearish setup on the 15-minute chart and the strong support levels forming at 1.0301–1.0337, a backtesting strategy could be constructed to evaluate short-term bearish continuation. The strategy would involve entering a short position on a confirmed break below 1.0301 with a stop-loss at 1.0340 and a target at 1.0275 (61.8% Fibonacci level). This approach leverages the current momentum and key technical levels identified in the analysis.