Market Overview for Anchored Coins AEUR/Tether (AEURUSDT)

Summary
• Price closed at 1.186 after opening at 1.1932 amid a 24-hour range of 1.1769–1.2005.
• A bearish bias emerged as volume surged to 6,281.7 units with $7,381.4 in turnover.
• Momentum indicators showed overbought and oversold signals, pointing to volatile reversal risks.

Anchored Coins AEUR/Tether (AEURUSDT) opened at 1.1932 on 2025-11-07 at 12:00 ET−1 and traded in a wide range, reaching a high of 1.2005 and a low of 1.1769 before closing at 1.186. Total trading volume over the 24-hour window amounted to 6,281.7 units, while notional turnover hit $7,381.4. The price action was choppy, with clear signs of shifting momentum and key support/resistance levels being tested.

Structure & Formations

Price found critical resistance at 1.195–1.2005, where several 15-minute candles saw failed breakouts, forming bearish harami and rejection patterns. Support levels at 1.186 and 1.179 were tested twice, with the 1.1769 level acting as a last-ditch floor. A large bearish candle formed at 00:00–00:15 ET, which confirmed a breakdown from key intraday resistance and may signal the start of a bearish phase.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed to the downside, forming a bearish death cross. On the daily chart, the 50DMA approached the 100DMA from above, indicating possible bearish continuation. The 200DMA acted as a psychological and technical resistance zone around 1.192–1.194, with recent price action failing to close above it for the first time in weeks.

MACD & RSI

The MACD histogram turned negative with a bearish cross, aligning with the breakdown in price. RSI dipped into oversold territory at 29 during the overnight session, suggesting exhaustion in the selling wave. However, the RSI failed to make a bullish divergence with price, indicating sellers still hold the momentum.

Bollinger Bands

Volatility expanded significantly during the overnight sell-off, with price dropping below the lower Bollinger Band at one point. A period of consolidation occurred in the morning as volatility compressed, but the breakout was bearish and appears to have confirmed the downward trend.

Volume & Turnover

Volume spiked during the key breakdown candle at 00:00–00:15 ET, confirming the bearish signal. The overall 24-hour volume was unusually high, suggesting increased conviction in the downward move. Notional turnover also saw a sharp increase in the 05:00–08:00 ET time frame, consistent with increased liquidation activity and bearish sentiment.

Fibonacci Retracements

Fibonacci levels drawn from the recent high of 1.2005 and low of 1.1769 identified the 38.2% retracement at 1.1921 and 61.8% at 1.186. Price closed near the 61.8% level, suggesting that it may act as a temporary floor in the near term.

Backtest Hypothesis

The bearish momentum observed in AEURUSDT today aligns with the historical behavior of assets following a MACD death cross, a widely used bearish reversal signal. Over the last three years, stocks with this pattern have generally seen downward pressure, with most experiencing a decline in value in the weeks and months following the event. However, not all instances of a death cross lead to significant losses, as macroeconomic conditions and company-specific factors can often counteract the signal. In this case, the confirmation of a death cross on the 15-minute chart and the subsequent price drop suggest a possible short-term bearish phase. Investors should use this signal in conjunction with other technical and fundamental tools to make informed decisions.