Market Overview: AdEx (ADXUSDT) - Volatility and Breakout on High Momentum

• ADXUSDT traded in a tight range early, then broke out sharply in the afternoon, forming a bullish breakout pattern.
• Momentum accelerated after 14:45 ET with a 1.5% surge, reaching a high of $0.1087.
• Volume surged on the breakout, confirming strength, but RSI shows moderate overbought conditions.
• Volatility expanded significantly in the last 3 hours, with price moving outside the upper Bollinger Band.
• Fibonacci retracements suggest key support at $0.1053 and resistance at $0.1092.

Market Overview

AdEx (ADXUSDT) opened at $0.1034 on 2025-07-23 12:00 ET and closed at $0.1070 on 2025-07-24 12:00 ET, with a high of $0.1092 and a low of $0.1007. The 24-hour volume totaled 15,106,478.0 and notional turnover reached $1,572,051.85.

The asset remained in a sideways consolidation for most of the day, but a breakout emerged around 14:45 ET, driven by a sharp rise in both price and volume. The move was supported by a bullish breakout above key resistance levels and a corresponding MACD crossover. RSI reached 68, indicating moderate overbought territory, while Bollinger Bands showed a widening of volatility.

Structure and Patterns

ADXUSDT formed a classic bullish breakout pattern after a period of low volatility, with a 15-minute engulfing candle at the top of the range. The breakout was confirmed by a strong volume spike and a sustained move above the prior high. A doji formed at the bottom of the range earlier in the day, signaling indecision before the upward move.

Support and Resistance

Key support levels include $0.1053 (Fib 61.8%) and $0.1021 (Fib 38.2%), with resistance at $0.1092 and $0.1094. The price closed near the 61.8% Fibonacci retracement of the morning decline, suggesting a potential continuation of the bullish trend.

Momentum and Indicators

MACD showed a positive crossover in the final hours, with the histogram expanding, reinforcing the strength of the move. RSI has entered overbought territory, suggesting a potential pullback, but as long as the 20-period moving average holds above the price, the trend remains intact.

Volatility and Volume

Volatility increased significantly in the final 3 hours of the session, with price moving outside the upper Bollinger Band. The surge in volume during this period confirmed the strength of the move, with no notable divergence between price and turnover.

ADXUSDT may continue to test key resistance levels in the next 24 hours, especially if the breakout holds. However, a pullback to $0.1053 or $0.104 could be a healthy consolidation. Investors should remain cautious of a potential overbought correction, particularly if volume begins to wane.