Market Overview for AdEx (ADXUSDT) on 2025-08-24

• ADXUSDT formed a bullish engulfing pattern during early ET hours, confirming a short-term recovery.
• Price tested key support at 0.1423 and bounced, suggesting resilience below prior 15-minute lows.
• Volatility expanded sharply after 00:00 ET, with volume surging above 120k during the 13:15–13:45 ET rally.
• RSI and MACD both showed bearish divergence by 07:00 ET, signaling potential exhaustion in the downward move.
• Bollinger Bands widened in the final 8 hours, indicating growing uncertainty in near-term direction.

AdEx (ADXUSDT) opened at 0.1438 on 2025-08-23 at 12:00 ET, reached a high of 0.1453, and closed at 0.1411 by 12:00 ET on 2025-08-24. The total volume traded over 24 hours was 1,864,325, with a notional turnover of approximately $265,000.

Structure & Formations

ADXUSDT formed a strong bullish engulfing pattern at 00:45–01:00 ET as the price surged from 0.1448 to 0.1453. This pattern was followed by a consolidation phase, punctuated by a sharp sell-off after 02:30 ET, forming a descending wedge that broke down at 07:30 ET. A key support level at 0.1423 held twice, with a bearish Doji appearing around 08:15 ET, suggesting temporary equilibrium.

Moving Averages

On the 15-minute chart, the price closed below the 20- and 50-period moving averages, which had converged around 0.1436–0.1439. The daily chart shows the 50-period MA at 0.1443, slightly above the 200-period MA at 0.1439, indicating a mild bullish bias over a longer time horizon. The cross below the 20-period MA on the 15-minute chart suggests short-term bearish momentum may continue.

MACD & RSI

The MACD line remained below the signal line for most of the 24-hour window, with a bearish crossover at 02:45 ET and a brief bullish crossover at 00:45 ET. RSI hit an overbought level above 65 at 01:00 ET and then dropped sharply, forming a bearish divergence by 07:00 ET. By 11:45 ET, RSI had dropped below 40, signaling oversold conditions, though price did not rebound strongly.

Bollinger Bands

Bollinger Bands expanded significantly after 00:00 ET, reaching a width of 0.0028, up from a contraction phase in the early morning hours. The price spent the final 10 hours of the 24-period window inside the lower half of the bands, suggesting increased bearish pressure. A potential bounce from the lower band at 0.1416 was confirmed during the 10:15–10:45 ET window.

Volume & Turnover

Volume spiked to 168,129 during the 13:15–13:45 ET rally, confirming the bullish breakout from the 0.1411 support level. However, the price failed to hold the breakout, suggesting a lack of conviction. Conversely, volume remained muted during the final 4 hours of the 24-hour window, with turnover dropping below $10k per 15-minute candle, hinting at reduced participation.

Fibonacci Retracements

Applying Fibonacci levels to the key swing from 0.1411 to 0.1453, the price found support at the 61.8% level (0.1433) during the 09:45–10:00 ET window. The 38.2% retracement level at 0.1439 also held twice, suggesting that 0.1440 is a critical psychological level for near-term buyers.

ADXUSDT appears poised for a potential bounce from the 0.1411–0.1415 support cluster in the next 24 hours, but the bearish divergence in momentum indicators and thin volume at the close suggest caution. A break above 0.1435 could reinvigorate the 0.1440–0.1445 resistance zone, but a sustained close below 0.1415 may test the 0.1405 level, introducing fresh risk for short-term holders.