Market Overview: AdEx (ADXUSDT) Faces Key Support Breakdown Amid Elevated Volatility

Generated by AI AgentAinvest Crypto Technical Radar
Monday, Aug 18, 2025 1:16 pm ET1min read
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Aime RobotAime Summary

- ADXUSDT fell 8.9% to $0.1359 after breaking key support at $0.1413, confirmed by a bearish engulfing pattern.

- Volume spiked to 137k during support test, with RSI at 26 indicating oversold conditions but bearish momentum intact.

- Bollinger Bands expanded to $0.133–0.138, showing heightened volatility and potential for further downside toward $0.1300.

- Price closed below 20/50-period moving averages, aligning with bearish trends while Fibonacci levels suggest critical support at $0.1400.

• ADXUSDT declined 8.9% in 24 hours, closing at $0.1359, after breaking below key support at $0.1413.
• Volume spiked to over 137k at 13:45 ET as price tested a prior support-turned-resistance level, failing to hold.
• Momentum weakened with RSI hitting 26, suggesting oversold conditions, though divergence between price and volume suggests caution.
• Bollinger Bands showed expansion from $0.140–0.144 to $0.133–0.138, indicating heightened volatility and potential for further downside.
• A bearish engulfing pattern formed at $0.1425–0.1433 on 22:30 ET, confirming bearish control and increasing likelihood of a short-term continuation.

AdEx opened at $0.1442 on 2025-08-17 12:00 ET, hit a high of $0.1445, a low of $0.1330, and closed at $0.1359 on 2025-08-18 12:00 ET. Total volume was ~1.16M and notional turnover was ~$159,000, indicating moderate liquidity and increased selling pressure.

Structure & Formations


ADXUSDT broke key support at $0.1413, previously a swing low from the overnight session. A bearish engulfing pattern confirmed this breakdown, with a larger bearish candle engulfing a bullish one. At $0.1425–0.1433, bearish control was evident. The price appears to be testing the $0.1355–0.1362 range, which could act as a new support or trigger further downside.

Moving Averages


On the 15-minute chart, price closed below both the 20-period (0.1423) and 50-period (0.1428) moving averages, reinforcing bearish momentum. Daily moving averages are not available, but the 24-hour close at $0.1359 suggests a potential alignment with longer-term bearish trends.

Momentum Indicators (MACD & RSI)


RSI stands at 26, indicating oversold territory, though divergence in volume suggests bearish momentum remains strong. The MACD line is negative and descending, with the histogram showing increasing bearish divergence. Momentum could continue for now, but a strong rebound above $0.1400 could shift the balance.

Bollinger Bands


Volatility expanded significantly, from a range of $0.140–0.144 to $0.133–0.138, indicating increased trader anxiety. Price is currently sitting near the lower Bollinger Band, suggesting potential for a bounce or further downside depending on volume confirmation.

Volume & Turnover


Volumes spiked above 137k at 13:45 ET as price tested $0.1355–0.1362, reinforcing bearish sentiment. Notional turnover followed closely, showing no divergence, which supports continuation of the downward trend.

Fibonacci Retracements


Applying Fib levels to the 15-minute swing from $0.1445 to $0.1330, price currently trades near the 70–75% retracement zone. If this level fails to hold, $0.1300 may come into focus as the next target. On the daily chart, a key Fib level at $0.1400 appears to be a critical psychological level.

Looking ahead, ADXUSDT may continue to test $0.1350–0.1360 with potential for a short-term bounce if volume signals a reversal. However, bearish momentum is strong, and a break below $0.1340 could accelerate the decline toward $0.1300. Investors should remain cautious and watch for any confirmation of bullish divergences in both price and volume.