Market Overview for A2ZUSDT on 2025-11-03

Summary
• A2ZUSDT dipped below 0.003750, signaling bearish pressure with a 5.2% 24-hour decline.
• Volume surged during the sell-off, particularly after 7:00 AM ET, highlighting distribution.
• RSI approached oversold levels, suggesting potential near-term exhaustion in the downtrend.

A2ZUSDT opened at 0.003825 on 2025-11-02 at 12:00 ET, reached a high of 0.003882, fell to a low of 0.003593, and closed at 0.003770 on 2025-11-03 at 12:00 ET. Total traded volume amounted to 105.17 million, while notional turnover totaled $400,760, highlighting heightened selling activity as the pair breached key support levels.

The 15-minute OHLCV data revealed a bearish reversal pattern from 07:00 AM to 07:30 AM ET, with a sharp selloff driving price below the 0.003780 psychological level. The 20-period EMA on the 15-minute chart was breached in this window, reinforcing bearish momentum. On the daily timeframe, the price closed below both the 50- and 100-day MA, suggesting a potential continuation of the downward trend.

MACD lines diverged from price, showing a bearish crossover in early ET hours. RSI approached 30 during the final 30 minutes of the 24-hour window, indicating overbought conditions may be giving way to oversold territory. Bollinger Bands showed a mild contraction in the late-night ET period, but volatility increased sharply during the morning sell-off, with price touching the lower band multiple times.

Volume and turnover spiked between 07:00 and 09:00 AM ET, with turnover peaking at over $15,000 during the 07:30 AM ET 15-minute window. This divergence between price and volume highlights possible distribution by larger participants, particularly as price continued to fall despite rising volume. Fibonacci retracement levels suggested the 61.8% retracement at 0.003740 acted as temporary support, but the price failed to hold above this level.

The MACD and RSI indicators have provided a compelling narrative for potential backtesting. The RSI-14 has shown a consistent ability to flag overbought and oversold conditions, particularly in the late hours of the 24-hour window. A backtesting approach centered on RSI-14 signals could offer a structured method to evaluate trade entries and exits based on historical price behavior.

Backtest Hypothesis
The proposed strategy seeks to identify entries on days when RSI-14 for A2ZUSDT falls below 30, indicating potential oversold conditions, and then exit three trading days later. While we have not yet been able to retrieve the RSI data for this specific ticker, confirmation on the correct symbol format or an alternative data source would allow us to proceed. Once the data is confirmed, we will backtest this approach from January 1, 2022, to the present, using the OHLCV structure provided. This method may provide insight into the potential profitability and robustness of such a strategy under varying market conditions.