Market Overview: AIXBT/Tether (AIXBTUSDT) as of 2025-10-22

• AIXBT/Tether (AIXBTUSDT) closed at 0.0551, down from an open of 0.0622, with a 24-hour low of 0.0541 and high of 0.0628.
• The price action showed a bearish bias amid broad intraday volatility and a sustained move below key prior levels.
• Trading volume totaled ~35.2 million units with a turnover of ~$2.15 million, suggesting moderate liquidity but a bearish divergence in price and volume flow.
• A significant bearish engulfing pattern developed after midday, confirming a downward reversal from earlier bullish momentum.
• RSI is in oversold territory, but a rebound is not yet confirmed, pointing to potential exhaustion or a setup for a short-term bounce.

AIXBT/Tether (AIXBTUSDT) opened at 0.0622 on 2025-10-21 at 12:00 ET and closed at 0.0551 on 2025-10-22 at 12:00 ET, with a high of 0.0628 and a low of 0.0541 during the 24-hour period. Total trading volume reached approximately 35.2 million units, with a notional turnover of around $2.15 million.

The 15-minute chart shows a clear bearish trend formation, especially after a strong bearish engulfing candle formed on 2025-10-21 at 17:00 ET, where the price closed at 0.0613 after opening at 0.0625. This marked a turning point as the price continued its descent. A doji was formed at 0:00 ET on 2025-10-22, signaling indecision and possibly a short-term bottom. The 50-period moving average on the 15-minute chart has remained below the 20-period line, reinforcing the bearish bias. The price has remained below both 20- and 50-period moving averages throughout most of the 24-hour window, showing a lack of near-term bullish momentum.

The RSI (14) has fallen into oversold territory, reaching as low as 27.5, suggesting a potential short-term bounce, but without a clear bullish reversal pattern or volume confirmation, the bearish trend remains intact. MACD has been negative for most of the session, with the histogram shrinking slightly in the last few hours, indicating a potential slowdown in the rate of decline. Bollinger Bands have contracted significantly in the latter half of the session, pointing to a possible breakout either up or down in the next 24 hours.

Volume spiked sharply at midday, with the 21:30 ET candle on 2025-10-21 recording over 2 million units of turnover. However, the price continued to fall during those high-volume periods, signaling a bearish divergence. Fibonacci retracements applied to the most recent 15-minute swing show the price has fallen below the 61.8% level at 0.0590, reinforcing the bearish momentum. The next key support appears to be near 0.0541, the 24-hour low, while resistance could emerge near 0.0584 if a short-term bounce occurs.

The backtest hypothesis is built around a support-level strategy, where a key support level is identified using Fibonacci retracements and recent candlestick structures. If the price remains below the 61.8% retracement level and shows a continuation of bearish momentum (confirmed by RSI and volume), the strategy would go short with a stop above the nearest resistance (0.0584). A bullish breakout from the oversold RSI and a reversal pattern would signal a long entry, with a target near the 20-period moving average.

The strategy relies on confirming divergences between price and volume, as well as clear candlestick reversal signals like dojis or hammers. AIXBTUSDT’s recent behavior fits well within this model, particularly the bearish engulfing pattern and the prolonged bearish divergence in volume and price action.