Market Overview: AdEx (ADXUSDT) – August 9, 2025

• AdEx (ADXUSDT) surged 32.8% in the 24 hours, reaching a high of $0.1485 amid strong late-day volume.
• A bullish engulfing pattern emerged near $0.136–0.138, followed by a sharp break above the 61.8% Fib level.
• Volatility expanded significantly after 05:00 ET, with a 38% increase in notional turnover during the upward thrust.
• RSI crossed into overbought territory after 11:00 ET, suggesting potential near-term resistance.
• Volume spiked 4–5x above average during the morning rally, confirming strong buying pressure.

AdEx (ADXUSDT) opened at $0.1361 on August 8 at 12:00 ET and closed at $0.1481 the following day, with a high of $0.1485 and a low of $0.1355. Total volume reached 13,753,010.0 units, with a notional turnover of $2.14 million during the 24-hour window.

Structure & Formations

ADXUSDT demonstrated a clear bullish bias from 05:00 ET onward, with a strong breakout above the 61.8% Fibonacci retracement level of $0.1386. A key bullish engulfing pattern formed around $0.136–0.138, signaling a shift in momentum. The price consolidated briefly in the $0.1365–0.1375 range before launching higher. Support appears to have strengthened at $0.1363–0.1368, where a cluster of bearish rejection candles formed.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA, reinforcing the bullish momentum. On the daily chart, the price is above the 50- and 100-period SMAs, but below the 200-period, suggesting a mixed medium-term outlook. A crossover above the 200-day SMA could signal a long-term bullish reversal if confirmed over the next few days.

MACD & RSI

The MACD turned sharply positive at 05:00 ET, with the histogram showing expanding bullish momentum. RSI surged from mid-40s to overbought territory by 11:00 ET, hovering near 70. This suggests a potential pullback is likely in the near term. A bearish divergence appears to be forming on RSI between 13:00 and 15:00 ET, warranting close monitoring.

Bollinger Bands

Volatility expanded significantly as the price broke above the upper Bollinger Band, reaching $0.1485. Prior to this, the price had been consolidating within a narrow band between $0.136 and $0.138. The current move has pushed ADXUSDT well above the 2σ upper band, indicating increased momentum and potential for a short-term correction.

Volume & Turnover

Volume spiked sharply between 05:00 and 08:00 ET, with the largest 15-minute candle seeing over 264,715 units traded. Notional turnover increased in parallel, confirming the strength of the move. A divergence appears to be forming in the late afternoon, with price rising while volume waned, suggesting caution may be warranted.

Fibonacci Retracements

ADXUSDT broke through the key 61.8% Fib level at $0.1386 and continued to $0.1485. The 78.6% level is now in sight at approximately $0.150, with a critical resistance zone forming near $0.148–0.149. A pullback to the 50% Fib at $0.144–0.145 could be a potential test of strength ahead.

AdEx (ADXUSDT) is showing strong conviction higher, supported by volume and momentum indicators. The next 24 hours could see a test of the $0.148–0.149 resistance cluster. However, an overbought RSI and waning volume suggest a pullback may be in play, especially if the price fails to close above $0.149. Investors should monitor for a potential retest of the 61.8% Fib level as a key support zone.