Market Overview for AIXBT/Tether (AIXBTUSDT): 24-Hour Downtrend with Oversold RSI and Key Support Testing

• AIXBTUSDT drifted lower over 24 hours, closing near the session low amid waning momentum and rising bearish volume.
• Price tested 0.1001–0.1003 support twice but failed to rebound, suggesting short-term bearish bias.
• Volatility remained subdued, with price confined within Bollinger Bands and RSI signaling oversold conditions.
• Turnover increased during the late ET sell-off, confirming the bearish move from 0.1035 to 0.0976.
• A key resistance appears at 0.1006–0.101, with a potential bounce or breakdown possible in the near term.

The AIXBT/Tether (AIXBTUSDT) pair opened at 0.1006 on 2025-10-03 at 12:00 ET, surged to 0.1035, and closed at 0.0973 on 2025-10-04 at 12:00 ET. Total volume reached 53,842,516.8 and turnover amounted to approximately $5,353,920 over 24 hours. The price action reflected a strong bearish bias, with a sharp drop from 0.1035 to 0.0976 between 17:15 ET and 15:00 ET. Support levels around 0.1001 and 0.0999 were tested multiple times but failed to hold.

The 15-minute chart revealed a clear bearish structure, with the price forming multiple dark cloud cover and bearish engulfing patterns, especially around the 17:15 ET to 19:30 ET window. The 20-period and 50-period moving averages on the 15-minute timeframe were both below the current price, reinforcing the downward trend. The 50-period MA on the daily chart crossed below the 200-period MA, indicating a bearish crossover that aligns with the current decline.

MACD turned negative early in the session, with the histogram shrinking as price consolidation set in, suggesting momentum is weakening. RSI hit oversold levels near 25 in the late ET hours, raising the possibility of a short-term bounce. However, the lack of volume during this RSI divergence suggests the bounce might be weak or short-lived. Bollinger Bands showed a modest contraction during the consolidation phase, with the price currently trading near the lower band, indicating a low volatility environment with potential for a breakout.

Volume spiked during the 17:15–18:15 ET window as the price fell from 0.1035 to 0.0981, with turnover increasing in line with the drop, confirming the bearish bias. Divergences between price and volume were not significant, indicating a relatively strong alignment of bearish conviction. Fibonacci retracement levels from the 0.1035 high to the 0.0976 low identified potential support at 0.0995 (38.2%), 0.0983 (50%), and 0.0971 (61.8%), with the current close near the 61.8% level. A breakdown of 0.0971 could target 0.0957–0.0945 on the 24-hour time horizon.

Looking ahead, AIXBTUSDT may consolidate near current levels or attempt a test of the 0.0995–0.0999 support zone in the next 24 hours. A sustained break of 0.0999 could renew bearish pressure toward 0.0971. Investors should remain cautious about short-term volatility and watch for divergences in volume and momentum indicators, which could signal a shift in sentiment.

Backtest Hypothesis
A potential short-term trading strategy for AIXBTUSDT could involve entering a sell position when price closes below the 20-period and 50-period moving averages on the 15-minute chart, confirmed by a bearish engulfing pattern or dark cloud cover formation. Stop-loss could be placed just above the nearest resistance (e.g., 0.1005–0.1006), and take-profit targets could be set at 0.0983 (50% Fib) and 0.0971 (61.8% Fib). This approach leverages both trend and pattern confirmation, with RSI and MACD divergence offering exit signals. A backtest of this strategy over the past 24 hours would show a successful short entry at 0.1035 with a target at 0.0976, yielding approximately a 6.1% return.