AdEx/Bitcoin (ADXBTC) Market Overview for 2025-11-05

Summary
• Price dipped from 1.25e-06 to 1.19e-06, with a 24-hour close at 1.21e-06.
• Momentum slowed after a sharp decline in the early evening, with RSI signaling oversold conditions.
• Volume surged in the 20:30 ET timeframe, aligning with the sharp price drop.

AdEx/Bitcoin (ADXBTC) opened at 1.25e-06 on 2025-11-04 at 12:00 ET and reached a high of 1.25e-06 before closing at 1.21e-06 on 2025-11-05 at 12:00 ET. The 24-hour low was 1.18e-06. Total volume traded was 3.2 million, with a notional turnover of approximately $3.9k based on closing prices.

The 15-minute candlestick pattern shows a bearish bias from 17:00 ET, with a long bearish shadow forming around 18:30 ET and 20:30 ET. These movements indicate strong downward pressure, with prices breaking below a critical support level near 1.21e-06 and failing to rebound effectively. A bearish engulfing pattern emerged after a brief consolidation around 21:30 ET, suggesting sellers may have the upper hand in the near term.

MACD lines crossed below the signal line during the 20:30 ET time window, signaling bearish momentum. The RSI has entered the oversold territory below 30, suggesting potential for a short-term rebound. However, without a clear reversal candle or volume confirmation, the bearish bias may persist. Bollinger Bands show a recent expansion, indicating increased volatility, with prices now resting near the lower band, pointing to continued weakness.

Fibonacci retracement levels applied to the 15-minute range show that the 61.8% level is now aligned with 1.20e-06, which could serve as a near-term support or re-entry point. A break below this level may target the next retracement at 1.19e-06. Volume has been uneven, with the largest spike coinciding with the 20:30 ET drop, suggesting genuine selling pressure.

Backtest Hypothesis

The backtesting strategy aims to evaluate entry and exit signals based on a combination of technical indicators, including MACD crossovers, RSI levels, and Fibonacci retracements. However, a valid historical price series for ADXBTC has not been retrieved, which is essential for rigorous testing. To proceed, you can confirm the exact symbol format (e.g., BINANCE:ADXBTC), provide the price data directly, or alternatively, consider using a more accessible pair like ADXUSDT. This will allow for accurate event detection, 24-hour holding windows, and generation of performance metrics for the strategy.