Market Overview for Xai/Tether (XAIUSDT)

• XAIUSDT traded in a range between 0.0257 and 0.0271 with bearish momentum in the latter half.
• A sharp 15-minute drop to 0.0257 in overnight trading triggered increased volume and bearish confirmation.
• MACD remained negative, RSI near oversold territory, but no clear reversal signal formed.
• Volatility expanded during the 0230–0330 ET window, with volume spiking to over 1.3M at 0345 ET.
• Price failed to retest key resistance above 0.0265, suggesting continued bearish bias ahead.

Xai/Tether (XAIUSDT) opened at 0.0265 on 2025-10-27 12:00 ET and reached a high of 0.0272 before closing at 0.0263 as of 12:00 ET on 2025-10-28. The 24-hour range extended between 0.0257 and 0.0271, with total volume of 19,607,394.9 and turnover of 515.67 (USDT equivalent).

Over the last 24 hours, XAIUSDT displayed a bearish bias driven by a sustained breakdown below key support levels. The initial 12:00–17:00 ET period saw gradual accumulation resistance above 0.0271, which failed to hold as price retreated through the 0.0268–0.0267 corridor. A sharp move to 0.0257 occurred in overnight trading, with volume spiking at the 0230–0330 ET window. This move was confirmed by a long bearish candle at 0230 ET and further bearish continuation patterns, including a strong green candle at 0345 ET. Price then hovered near 0.0258–0.0261, unable to recover above 0.0265.

Bollinger Bands expanded during the 0230–0330 ET window, reflecting a surge in volatility. Price settled below the middle band by 06:00 ET, suggesting continued bearish pressure. The 20-period EMA on the 15-minute chart dropped below the 50-period, reinforcing the downtrend. Daily moving averages (50, 100, 200) remain bearish, with price below all three. MACD remained negative, with no clear signs of a bullish crossover. RSI approached oversold territory at 30 during the 0300–0400 ET window but failed to generate a reversal.

Fibonacci retracement levels showed price retesting the 61.8% level at ~0.0262 after the initial drop, which held briefly before further declines. Divergence between volume and price was minimal, with the largest volume spike aligning with the most significant price drop.

The backtesting hypothesis described in your note relies on candlestick pattern recognition—specifically the Bearish Engulfing pattern—and requires precise symbol information to proceed. For XAIUSDT, confirm whether this is the exact symbol on Binance or if a different venue or format (e.g., including a suffix such as “.PERP”) should be used.

Regarding the exit rule: if you prefer to close short positions at the next day’s close (1-day hold), this simplifies the strategy and aligns with a short-term bearish bias. Alternatively, using a fixed-holding period or a pattern reversal rule may add nuance but could complicate the backtest.

Risk controls such as a stop-loss or take-profit could improve risk-adjusted returns, but the current setup appears to be testing a pure pattern-following strategy. Clarify your preference for holding periods and risk constraints, and I will fetch the relevant pattern data to proceed with the backtest.