Market Overview for AdEx/Bitcoin (ADXBTC) – 24-Hour Summary (2025-09-18)

• Price rose from 1.04e-06 to 1.09e-06, showing upward momentum and a breakout above prior resistance.
• High volume surges occurred during the 15–21:00 ET window, confirming the bullish move.
• RSI and MACD aligned with price, indicating strong conviction in the rally.
• Bollinger Bands widened, signaling increased volatility.
• No major bearish divergence in volume or price action.

AdEx/Bitcoin (ADXBTC) opened at 1.04e-06 on 2025-09-17 at 12:00 ET and closed at 1.07e-06 by 12:00 ET on 2025-09-18. The pair hit a high of 1.09e-06 and a low of 1.03e-06 during the 24-hour period. Total volume traded was 264,480.0, with notional turnover reaching approximately $0.29 (assuming $1 = 1 BTC).

Structure & Formations

The ADXBTC pair formed a series of higher lows and higher highs from 1.03e-06 to 1.09e-06, indicating strong upward bias. A notable bullish engulfing pattern appeared around 19:45 ET, followed by a confirmed breakout as prices pushed above the 1.08e-06 level. The formation of a flag consolidation pattern in the 21:00–23:45 ET timeframe suggested accumulation ahead of a breakout. A key support level appears to be forming around 1.07e-06, while resistance has shifted to 1.09e-06, where price hesitated briefly before moving higher.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have been trending upward, with the 20-period above the 50-period, confirming a bullish bias. The 50-period average is currently at ~1.06e-06, while the 100-period and 200-period averages on the daily chart are still below the current price level. This suggests that the pair is in a short-term uptrend and may face a pullback if the 1.06e-06 level is tested in the next 24 hours.

MACD & RSI

The MACD line turned positive around 19:45 ET, aligning with the bullish engulfing pattern and confirming the move higher. RSI, at 58–62 over most of the session, showed strong momentum, reaching 62 as the price hit 1.09e-06. This suggests the move is still within normal bounds but approaching overbought territory. If RSI surpasses 65 and fails to confirm with a follow-up close, caution may be warranted. Momentum appears to be building but remains within healthy levels for now.

Bollinger Bands

Bollinger Bands widened as the price moved upward, reflecting increasing volatility. The move from 1.04e-06 to 1.09e-06 brought the pair to the upper band, where it hovered for a short time before retreating slightly. This suggests that the current move is still within the context of a volatile, but well-defined, range. A retest of the lower band (~1.06e-06) may offer a high-probability re-entry point for buyers.

Volume & Turnover

Volume spiked significantly between 19:45 ET and 02:30 ET, especially around the 1.08e-06–1.09e-06 price level. Turnover was also elevated during this period, confirming the strength of the move higher. No bearish divergence in volume or price was observed, indicating that sellers have not yet stepped in to counter the bullish momentum. As long as volume remains above 10,000, the trend appears to be in good health.

Fibonacci Retracements

Applying Fibonacci levels to the 1.03e-06 to 1.09e-06 swing, key retracement levels at 38.2% (~1.065e-06) and 61.8% (~1.075e-06) were tested during the consolidation period. The 1.07e-06 level appears to have acted as a floor, and it may now serve as a support-turned-resistance in the short term. If the price pulls back to the 1.065e-06 level and holds, it could reaffirm the bullish trend.

Backtest Hypothesis

The backtesting strategy focuses on entering long positions when the 20-period moving average crosses above the 50-period moving average on the 15-minute chart, confirmed by a bullish engulfing pattern and a closing price above the upper Bollinger Band. Additionally, RSI should remain above 50 to confirm momentum. Exit signals are triggered when RSI exceeds 65 or when price closes below the 50-period moving average. Based on the current data, such a strategy would have entered the trade around 19:45 ET with a high probability of success, as all conditions were met. This approach could serve as a potential guide for traders in similar market conditions.