Summary
• Price held steady near 1.16e-06 on low volume, with a brief 1.17e-06 breakout attempt.
• Momentum remained neutral with RSI hovering around 50 and no overbought/oversold signals.
• Volatility showed minimal expansion; Bollinger Bands remained compressed for most of the day.
• Volume spiked briefly around 21:15–22:45 ET, but price failed to follow through.
• A 5-minute bullish engulfing pattern appeared after 21:15 ET, but lacked follow-through.
At 12:00 ET–1 on December 23, 2025, AdEx/Bitcoin (ADXBTC) opened at 1.16e-06, reached a high of 1.17e-06, and closed at 1.16e-06 after trading as low as 1.16e-06. Total 24-hour volume was 33,730.0, with a notional turnover of approximately $38.39.
Structure & Formations
ADXBTC remained range-bound for the majority of the session, forming a tight consolidation pattern between 1.16e-06 and 1.17e-06. A small 5-minute bullish engulfing pattern emerged around 21:15 ET as the price moved from 1.16e-06 to 1.17e-06. However, the pattern lacked conviction, as the price quickly retraced to the lower end of the range without additional volume support. A doji formed at 23:00 ET, suggesting indecision in the market ahead of the close.
Moving Averages
On the 5-minute chart, the price traded below the 20-period and 50-period moving averages, indicating a slight bearish bias in the short term. For the daily chart, the 50/100/200-period SMAs were not clearly visible due to the low price movement and minimal volatility, but no clear trend reversal was observed.
Momentum & Volatility
Relative Strength Index (RSI) hovered near 50 throughout the session, indicating neutral momentum with no strong overbought or oversold conditions. MACD remained flat with no clear divergence, reinforcing the sideways bias. Bollinger Bands were tightly compressed for most of the period, suggesting a potential low-volatility environment that could lead to a breakout or breakdown in the near term.
Volume & Turnover
Volume spiked briefly during the 5-minute candle at 21:15–21:30 ET, coinciding with the bullish engulfing pattern and the first move to 1.17e-06. However, this was followed by a rapid reversal with minimal follow-through, indicating weak conviction in the upward movement. Notional turnover remained low for most of the session, with the highest turnover occurring in the late evening hours, but not enough to drive a sustained breakout.
Fibonacci Retracements
Applying Fibonacci retracement to the recent 5-minute swing between 1.16e-06 and 1.17e-06, the price failed to reach the 61.8% level and instead retraced to the 38.2% level, suggesting continued sideways consolidation. No major daily retracements were observed due to the minimal price movement.
Looking ahead, the market appears to be in a consolidation phase, and a breakout above 1.17e-06 could signal a short-term bullish shift, though bearish follow-through is possible if volume remains weak. Investors should remain cautious, as the current range lacks strong directional bias.
Comments
No comments yet