Market Overview for eCash/Tether (XECUSDT) – November 8, 2025

• Price surged to a 24-hour high of $0.00001495 before correcting.• High volatility and expanding Bollinger Bands indicate active momentum.• Volume and turnover surged post-12:00 ET, especially between 20:00 and 22:00 ET.• RSI and MACD suggest overbought conditions, but divergence suggests caution.• Fibonacci 61.8% level appears to be acting as a key support zone.

The XECUSDT pair opened at $0.00001429 on November 7 at 12:00 ET, surged to a high of $0.00001495, and closed at $0.00001478 at the same time on November 8. The price action reflects a bullish bias with a total volume of 54,924,474,624 and a notional turnover of $821.70 million over 24 hours.

Structure & Formations

The 15-minute chart displays a series of strong bullish and bearish waves, with multiple ascending and descending triangles forming. Key support levels appear near $0.00001435 and $0.00001420, with resistance clusters forming at $0.00001495 and $0.00001485. A bearish engulfing pattern emerged around 21:00 ET, suggesting a potential short-term pullback. Doji candles are visible near the high and low of the 24-hour range, indicating indecision in key price levels.

Moving Averages

On the 15-minute chart, the 20-period MA is above the 50-period MA, supporting a bullish bias. On the daily chart, the 50-period MA crosses below the 200-period MA, hinting at a bearish divergence. The price currently hovers above the 100-period MA, suggesting a mixed momentum profile. Traders should monitor the 200-period MA at $0.00001445 as a critical psychological level.

MACD & RSI

The MACD line remains positive with an expanding histogram, reinforcing bullish momentum. The RSI has reached overbought territory, crossing above 65 and peaking near 70. This signals potential exhaustion in the upward move and hints at a near-term correction. A RSI pullback below 50 could trigger further consolidation or bearish follow-through.

Bollinger Bands

The Bollinger Bands have expanded significantly during the bullish push to $0.00001495, indicating heightened volatility. The price has spent most of the session near the upper band, with a brief dip to the lower band in the early hours. A retest of the lower band may provide a high-probability re-entry point for longs.

Volume & Turnover

Volume spiked sharply after 18:00 ET, peaking at nearly 3.6 billion around 20:15 ET. This coincided with the price reaching $0.00001493. Notional turnover reached $110 million during that session, indicating strong conviction in the move higher. A notable divergence appears between volume and price as the latter pulls back post-22:00 ET with a sharp decline in volume, suggesting waning buying pressure.

Fibonacci Retracements

Applying Fibonacci levels to the swing high at $0.00001495 and the low at $0.00001420, the 61.8% retracement level is at $0.00001462. This level has provided support in the late hours and is likely to be a key area for near-term consolidation. A break below the 50% level at $0.00001458 could open the door to further testing of the 38.2% retracement at $0.00001449.

Backtest Hypothesis

Given the observed overbought conditions and divergence in volume during the price pullback, a backtesting strategy could focus on using RSI and volume as leading indicators for potential trend reversals. A sell signal could be triggered when RSI crosses below 60 and volume decreases, with a stop-loss set above the 20-period MA. Conversely, a long entry could be considered if the price closes above $0.00001470, with a target set at the next resistance level at $0.00001485. This strategy would require access to RSI data for the symbol, which currently appears to be unavailable.