Market Overview: AdEx/Bitcoin (ADXBTC) – 24-Hour Analysis

• ADXBTC traded in a tight range near 1.26e-06, with bearish momentum after hitting a 24-hour low of 1.15e-06.
• Volume surged during the late-night sell-off but faded in afternoon trading, indicating weakening conviction.
• Key support at 1.23e-06 and resistance at 1.34e-06 were tested multiple times but not decisively broken.
• RSI dipped into oversold territory, while MACD flattened, suggesting possible short-term reversal.
• Bollinger Bands expanded overnight, reflecting heightened volatility, but price remained within the channel.

AdEx/Bitcoin (ADXBTC) opened at 1.32e-06 on October 30, 2025, and closed at 1.16e-06 on October 31, 2025, within a 24-hour period. Prices reached a high of 1.37e-06 and a low of 1.15e-06. Total volume amounted to 43,678,869.0, with a notional turnover of approximately $52,927.0 (assuming a 1 BTC lot size).

The 15-minute OHLCV data reveals a bearish bias as ADXBTC formed a series of lower highs and lower lows after 17:30 ET, with a key bearish engulfing pattern observed at 17:30 ET when price gapped down from 1.27e-06 to close at 1.23e-06. A doji formed at 00:45 ET, signaling indecision in the market. Key support levels include 1.23e-06 and 1.17e-06, while resistance levels at 1.34e-06 and 1.37e-06 were briefly tested but failed to hold.

Moving averages on the 15-minute chart show the 20SMA below the 50SMA, reinforcing the bearish trend. On the daily chart, the 50DMA sits above the 200DMA, indicating a potential short-term bearish bias. RSI dipped into oversold territory below 30 during the late-night sell-off, suggesting a possible short-term bounce, while MACD flattened near the zero line, indicating a potential weakening in bearish momentum. Bollinger Bands expanded overnight, indicating increased volatility, with price hovering near the lower band at 1.16e-06, a sign of potential oversold conditions.

Volume spiked during the overnight selloff, particularly at 19:30 ET and 22:45 ET, but tailed off after midday trading, suggesting that sellers may be running out of steam. Notional turnover followed a similar pattern, with a sharp decline in buying pressure after 08:00 ET. A divergence between price and volume turnover was observed in the latter half of the day, with prices falling but volume remaining subdued, hinting at a potential reversal.

The price action during the 24-hour period suggests a high probability of consolidation or a short-term rebound from the 1.16e-06 level in the near term. However, a break below 1.15e-06 could trigger further downside. Investors should monitor key support at 1.17e-06 and resistance at 1.23e-06 for potential trading signals.

Backtest Hypothesis: For a potential trading strategy, one could test a rule-based system where long entries are triggered when ADXBTC closes above the 50SMA on the 15-minute chart, with stop-loss placed at the 20-day low. Similarly, short entries could be triggered when ADXBTC closes below the 50SMA, with a stop at the 20-day high. This approach would leverage both trend-following and volatility indicators, aligning with the observed MACD, RSI, and Bollinger Band dynamics in the 24-hour data.