Market Overview for VOXELUSDT: 2025-09-25 12:00 ET

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• VOXELUSDT fell sharply over the past 24 hours, closing at 0.0508 with a 9.6% decline from its intraday high of 0.0538.
• A bearish divergence in RSI and declining volume suggest exhaustion of the rally, with momentum favoring the downside.
• Volatility spiked overnight, with price breaking below key support levels and entering an overbought short-term correction.
• Heavy volume in the late-night hours (ET) coincided with a sharp selloff, indicating strong bearish conviction.
• Bollinger Bands have contracted and begun to widen again, signaling potential for a new directional move.

Opening Summary

VOXELUSDT opened at 0.0537 on 2025-09-24 12:00 ET, peaked at 0.0538, and closed at 0.0508 at 12:00 ET on 2025-09-25. Total volume for the 24-hour period was 7,464,098.0 and turnover (notional value) amounted to 386,641.18 USD. The pair experienced a bearish trend, with price dropping below critical support levels and forming bearish continuation patterns, including a long lower shadow and a bearish engulfing pattern in the morning hours.

Structure & Formations

The chart reveals a bearish bias, with price breaking below key support levels at 0.0534 and 0.0530. A long bearish candle formed at 0.0531, followed by a bearish engulfing pattern at 0.0532–0.0528. A potential support level appears forming in the 0.0509–0.0511 range, where the price found temporary relief but failed to rebound. The 0.0513–0.0517 range could act as a short-term resistance if the price retraces.

MACD & RSI

RSI crossed into oversold territory at 30 during the late night and has remained below 40, indicating bearish momentum. The MACD line crossed below the signal line early on, confirming bearish momentum. The histogram has remained negative throughout the period, reinforcing the downward trend. A potential oversold bounce may occur, but without a clear reversal pattern, the bearish trend could continue.

Bollinger Bands & Volatility

Volatility increased significantly after midnight, as Bollinger Bands began to widen and price moved toward the lower band. The contraction in the earlier hours was followed by a strong bearish move, with the price staying near the lower band. This suggests heightened volatility and potential for further downward movement or a short-term bounce if the price stabilizes around 0.0510.

Volume & Turnover

Volume surged in the late-night hours, especially between 00:15 and 01:45 ET, coinciding with the sharp selloff. Turnover also increased during these hours, confirming the bearish breakout. Price and volume aligned, indicating strong conviction in the move lower. However, a divergence appears in the morning, with volume declining despite continued bearish price action, signaling potential exhaustion or consolidation.

Fibonacci Retracements

Applying Fibonacci to the recent 0.0538–0.0508 swing, the 38.2% retracement level is at 0.0528 and the 61.8% level is at 0.0520. The price has already tested the 38.2% level, and a bounce from the 61.8% level may indicate a short-term reversal. Daily Fibonacci levels from the 0.0540–0.0505 move show the 50% level at 0.0522, where a potential countertrend pullback could occur.

Backtest Hypothesis

For a potential backtest, a strategy could be designed around the bearish engulfing pattern and oversold RSI conditions observed in this 24-hour period. A sell entry at the close of the engulfing candle at 0.0528, with a stop above 0.0532 and a target at the 61.8% Fibonacci level (0.0520), could have captured the subsequent move to 0.0508. A trailing stop could also be integrated as volatility increased, with a 1.5% risk-to-reward ratio. This strategy may work well in high-volume, bear-dominant environments and should be tested over a broader historical sample.