Market Overview for aixbt/Tether (AIXBTUSDT) – 2025-10-31

• AIXBT/USDT dropped 9.8% in 24 hours amid bearish momentum and a key breakdown below 0.0680.
• Daily MACD and RSI signaled overbought exhaustion by 10/31 at 09:45, with price falling below 0.0670.
• Volatility surged during the 19:15–20:30 ET selloff, with 4.3M USDT traded on the hour.
• A strong bearish engulfing pattern formed at 19:15 ET, confirming a shift in sentiment.
• Price appears to be targeting near-term support at 0.0650–0.0640 on Fibonacci retracement levels.

The AIXBT/USDT pair opened at 0.0678 on 2025-10-30 12:00 ET and reached a high of 0.0691 before plummeting to a low of 0.0646 on 2025-10-31 19:15 ET, ultimately closing at 0.0689 at 12:00 ET. Total volume amounted to approximately 284 million contracts, with a 24-hour notional turnover of roughly 20.1 million USDT. Price action displayed a sharp reversal after hitting a key intraday low, suggesting a potential short-term rebound may be in the works.

Structural analysis reveals a bearish breakdown below the 0.0680 psychological level, with a strong bearish engulfing pattern forming around 19:15 ET as price gapped from 0.0656 to 0.0656 within a single 15-minute candle. The formation confirmed a shift in control from buyers to sellers and aligned with a Fibonacci 61.8% retracement level from a prior bullish swing. Key support appears to be forming at 0.0650–0.0640, while resistance remains at 0.0680 and 0.0690 on a daily chart. A failure to retest 0.0680 could signal further downside toward 0.0630–0.0620.

Moving average analysis on the 15-minute chart shows the price closing below the 20-period MA for most of the session, confirming bearish momentum. The 50-period MA has crossed below the 20-period MA, reinforcing a short-term downtrend. On the daily chart, the 50-period MA remains above the 100-period and 200-period MAs, indicating a larger-picture bearish bias but with potential for short-term mean reversion if price holds above 0.0660–0.0655.

MACD turned bearish by 09:45 ET as the histogram shifted below the zero line, and the RSI reached overbought levels at 73 before a sharp decline into the oversold zone. Bollinger Bands show increased volatility during the selloff, with price briefly trading at the lower band. A strong rebound from the lower band suggests a potential reversal may be in play, but confirmation near 0.0670–0.0680 is needed to validate bullish momentum.

The recent selloff may offer a short-term opportunity for buyers if price rebounds above 0.0670, but the larger trend remains bearish unless a sustained close above 0.0685 is achieved. Traders should monitor volume patterns and RSI divergence for early signs of a reversal. A failure to hold above 0.0660 could lead to further downside risk, especially with key Fibonacci levels in play.

Backtest Hypothesis

To validate the bearish bias observed in the AIXBT/USDT chart, a potential backtesting strategy could be implemented using a 14-period RSI threshold of 70 as an overbought signal. The assumption would be to short the pair on 14-period RSI crossings above 70, holding for up to 72 hours with a stop-loss below the 50-period moving average. Given the inability to confirm RSI data for AIXBT/USDT at this time, this strategy could be replicated using a more liquid pair such as BTC/USDT or ETH/USDT. If this approach is accepted, the system can generate a 3-day performance report from 2022-01-01 through the current date.