Market Overview for Voxies/Tether (VOXELUSDT) on 2025-10-23

• Voxies/Tether (VOXELUSDT) traded in a tight range today, consolidating between 0.0376 and 0.0395.
• A notable bearish breakdown occurred after 19:45 ET, with price falling below 0.0385 and closing near 0.0382.
• Volume spiked during key moves, suggesting active participation during trend phases.
• RSI remains in neutral territory, with no overbought or oversold conditions observed.
• Price appears to find immediate support at the 0.0381–0.0382 level, forming a potential base.

Voxies/Tether (VOXELUSDT) opened at 0.0388 on October 22 at 12:00 ET and closed at 0.0382 at the same time on October 23. The 24-hour range was between 0.0369 and 0.0395, with total volume of 19,847,539.0 and a turnover of approximately USD 753,365.6. Price action revealed a bearish consolidation pattern after a midday recovery, with the final close below the 0.0385 psychological level.

Structure & Formations

The 15-minute candlestick chart shows a distinct bearish breakdown after 19:45 ET, where a long-bodied bearish candle closed below 0.0385. This is followed by a cluster of smaller bearish and sideways candles, indicating fading bullish momentum. A potential support zone formed between 0.0381 and 0.0382, where price found refuge on several occasions. Key resistance levels include the 0.0385–0.0387 range and the 0.0388–0.0390 cluster, which has acted as a cap multiple times during the consolidation phase.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart remained tightly aligned during the day, reflecting low volatility. On the daily chart, the 50-period MA sits above the 100 and 200-period lines, suggesting a longer-term bearish bias. However, in the short term, the 20-period MA dipping below the 50-period MA signals a potential continuation of the current bearish trend.

MACD & RSI

The MACD histogram remained negative throughout the day, confirming bearish momentum. A possible bearish divergence was observed during the late afternoon recovery, as price failed to close above prior highs despite a positive MACD bar. The RSI indicator ranged between 30 and 60, with a recent dip to 45 suggesting moderate oversold conditions, but not enough to trigger a reversal signal at this stage.

Bollinger Bands

Bollinger Bands showed a narrow contraction during the early part of the trading session, followed by a moderate expansion as bearish momentum picked up. Price action stayed mostly within the bands, with a brief test of the lower band near 0.0381–0.0382. The band squeeze earlier in the day suggests a potential breakout could be imminent, but for now, price remains within a defined range.

Volume & Turnover

Volume spiked during key bearish moves, particularly during the breakdown phase below 0.0385. Notional turnover also increased during these intervals, confirming bearish strength. In contrast, volume remained subdued during the recovery attempts in the early evening, hinting at waning bullish conviction. A divergence between volume and price during the late afternoon move toward 0.0385 adds bearish caution.

Fibonacci Retracements

Applying Fibonacci levels to the 0.0385–0.0395 swing, the 61.8% retracement level aligns closely with the 0.0388–0.0389 price range, which has acted as a cap on multiple occasions. On the bearish side, the 38.2% level is around 0.0383–0.0384, where price has bounced and stalled several times. The 0.0382 level is now a critical psychological and technical support level.

Backtest Hypothesis

To validate potential trading opportunities from the observed bearish breakdown and consolidation, a backtesting strategy could be implemented using a simpler, readily available signal such as a MACD bullish crossover or RSI oversold condition (<30). Given the RSI dipping to 45 and the current price consolidation, a short-term reversal could be triggered by a MACD bullish crossover or a RSI drop below 30. Using a 3-day hold period following these signals would allow investors to test the strength of the potential base forming at 0.0381–0.0382. This approach aligns with the current price behavior and could serve as a proxy for MACD bottom divergence if the exact divergence dates become available later.