Market Overview for eCash/Tether (XECUSDT): October 8, 2025

• eCash/Tether (XECUSDT) closed 0.39% lower at $0.00001794 after a 24-hour range of $0.00001776–$0.00001824.
• A bearish bias emerged post-17:00 ET as price broke below the 20-period 15-minute moving average.
• RSI remained below 40 for most of the session, signaling moderate bearish momentum.
• Notional turnover increased by 35% after 04:00 ET, aligning with a sharp price drop into key support at $0.0000179.

At 12:00 ET on October 8, 2025, eCash/Tether (XECUSDT) traded at $0.00001794, down from a 24-hour open of $0.00001814. The price reached a high of $0.00001824 and a low of $0.00001776 over the session. Total trading volume amounted to 12,911,354,910.0 units, while notional turnover stood at approximately $231,000. The market displayed a bearish drift, with bearish engulfing patterns and a consolidation below key moving averages suggesting a near-term downward bias.

Structure and formations reveal a key support level forming at $0.0000179 and a resistance at $0.0000181. A bearish engulfing pattern was observed after 17:00 ET, confirming a short-term reversal. A doji at $0.00001805 at 19:30 ET signaled indecision. The price has been consolidating in a narrow range between these levels, suggesting a potential breakout could be imminent if volatility increases.

On the 15-minute chart, the 20-period and 50-period moving averages both slope downward, with the price currently below both, reinforcing the bearish momentum. On the daily chart, the 50-period MA is at $0.00001797, aligning with a potential support level. The 200-period MA at $0.00001803 acts as a critical psychological level that could either hold or fail in the near term.

MACD has remained negative for much of the session, with the histogram shrinking, indicating a potential slowdown in bearish momentum. RSI has been hovering between 30 and 50, suggesting the market may be approaching oversold territory but not yet at critical levels. Bollinger Bands have narrowed over the past few hours, indicating a possible breakout or continuation of the current range. Price has been trading near the lower band since 03:00 ET, pointing to a potential rebound.

Volume spiked significantly at 04:00 ET and again at 04:45 ET, coinciding with sharp downward moves. However, the price failed to confirm the breakout above $0.0000181, indicating possible bearish exhaustion. Notional turnover remained steady throughout the session, with no major divergence between volume and price. A bearish divergence was observed between volume and RSI at 08:00 ET, suggesting a potential pullback may be warranted.

Fibonacci retracement levels from the recent swing high at $0.00001824 to the swing low at $0.00001776 show that the price is currently near the 61.8% level at $0.00001793. A break below this level would expose the next target at $0.00001783. On the 15-minute chart, a 38.2% retracement at $0.00001811 has held as a resistance, but a break above it could trigger a short-term rally to the 50% level at $0.00001805.

The backtesting strategy leverages the recent consolidation and Fibonacci levels, suggesting a short bias if price breaks below $0.0000179 and retests $0.00001783. A long entry could be considered if a bullish reversal forms above $0.0000181. The 15-minute MACD crossover and RSI divergence can be used to confirm trade entries. Stop-loss levels should be placed just above the 50-period MA for shorts and below the 38.2% Fibonacci level for longs. Risk management remains crucial, given the low volatility and tight trading range.