Market Overview for AdEx (ADXUSDT): Strong Bullish Momentum Amid High Volatility

• AdEx (ADXUSDT) rose 22.4% in 24 hours, closing at 0.137 vs. an open of 0.112.
• Volume surged to 13.6M, with momentum confirmed by RSI and bullish engulfing patterns.
• Price broke out above key resistance at 0.1305 and now tests 0.137–0.138 consolidation.
• Bollinger Band expansion highlights growing volatility, with price above the 20-period MA.
• Divergences seen in late-night reversal candles suggest potential pullback risk.

Market Overview

AdEx (ADXUSDT) opened at 0.112 on 2025-08-07 12:00 ET, reaching a high of 0.1373, a low of 0.1281, and closing at 0.137 as of 2025-08-08 12:00 ET. Total volume over 24 hours was 13.6 million, with turnover of ~$1.82 million, reflecting increased participation and strong upward bias.

Structure & Formations

ADXUSDT displayed a powerful bullish engulfing pattern late in the evening on 2025-08-07, confirming a breakout above 0.1305 resistance. Price continued to push higher through the early hours of 2025-08-08, forming a small consolidation around 0.137–0.138. A 15-minute doji appeared at the peak of the rally (~0.1373), suggesting a possible pause in momentum. Key support levels appear at 0.1305 and 0.1290, while resistance is now at 0.137–0.138.

Moving Averages

On the 15-minute chart, ADXUSDT closed above its 20-period and 50-period moving averages, reinforcing the near-term bullish trend. The 50-period MA is trending upward, while the 20-period MA continues to outpace it, suggesting strong upward momentum. On the daily chart, price remains above the 50- and 100-period moving averages, indicating a longer-term positive bias.

MACD & RSI

The MACD (12,26,9) crossed above the signal line in the early hours of 2025-08-08 and remained positive, signaling continued bullish momentum. RSI reached overbought territory (~75) near the 0.137–0.138 range, suggesting short-term exhaustion and the potential for a pullback or consolidation.

Bollinger Bands

Bollinger Bands expanded significantly during the bullish breakout, with price moving well above the upper band for most of the session. This expansion indicates rising volatility and increased conviction in the move higher. The 20-period moving average (0.135) remains a critical level to watch for potential pullback support.

Volume & Turnover

Volume surged in the early morning hours on 2025-08-08, with the largest 15-minute bar (442,450 volume at 0.1324–0.1315) confirming a strong push higher. Turnover spiked in line with price action, with no major divergence noted between price and volume. The late-night reversal candles, however, came on lower volume, raising questions about the strength of the current move.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key swing from 0.1281 (low) to 0.1373 (high) identifies 0.134 as the 38.2% level and 0.131 as the 61.8% level. Price tested the 38.2% retracement and pushed through it decisively. A retest of the 61.8% area (~0.131) could offer a short-term support target.

In the next 24 hours, ADXUSDT may test 0.137–0.138 resistance with potential to break higher if bullish momentum continues. However, a pullback to test 0.131–0.134 is likely if RSI overbought conditions are not followed by strong volume. Investors should be cautious of late-session reversal candles and the possibility of a consolidation phase ahead.