Market Overview for AIXBT/USDT on 2025-10-08

• AIXBT/USDT traded in a narrow range today with a 1.06% decline from open to close.
• Volatility dipped mid-session before recovering slightly ahead of close.
• RSI remains in neutral territory, suggesting no immediate overbought or oversold signals.
• Volume spiked during the early morning ET rebound but has since moderated.
• A bearish engulfing pattern appeared in late morning ET amid a pullback.

The AIXBT/USDT pair opened at $0.0938 on 2025-10-07 at 12:00 ET and closed at $0.0941 on 2025-10-08 at 12:00 ET, reaching a high of $0.0957 and a low of $0.0916. The total volume across the 24-hour period was approximately 32,964,949.7, with a notional turnover of around $3,095,644.36. Price action showed a bearish bias early on, with a brief but notable rebound during the overnight session.

Structure & Formations

The candlestick pattern on the 15-minute chart indicated a series of bearish and neutral formations, including a bearish engulfing pattern during the early morning ET pullback and a doji during the late-night consolidation phase. Key support levels appeared around $0.0920–$0.0925, while resistance was evident near $0.0935–$0.0940. A breakdown below $0.0920 could signal further bearish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs showed a flattening trend, suggesting a period of consolidation. The daily chart revealed the 50, 100, and 200-period SMAs in a tight convergence, indicating the market may be at a crossroads in terms of trend direction. A break above the 50-period SMA may trigger a short-term bullish move, but the overall trend remains neutral to bearish.

MACD & RSI

The MACD line crossed below the signal line in the early morning, confirming a bearish signal. RSI remained within the 40–60 range, suggesting no immediate overbought or oversold conditions. However, RSI divergence during the overnight rebound raised the possibility of a short-term bounce. If the pair fails to retest the $0.0945–$0.0948 range, a further pullback may be expected.

Bollinger Bands

Volatility expanded during the overnight session as the price tested the upper Bollinger Band, reaching a high of $0.0957. However, the subsequent pullback brought the price down to the lower band, where it consolidated for most of the day. A break above the $0.0945–$0.0948 retracement level could see the pair test the upper band again, while a breakdown below $0.0925 would suggest a new volatility expansion to the downside.

Volume & Turnover

Volume surged during the overnight rebound, with the largest 15-minute volume spike at $0.0945–$0.0950. Notional turnover increased alongside, confirming the strength of that short-term rebound. However, volume has since trended lower, indicating a possible lack of conviction in the current price action. Divergences between price and volume were not significant, but traders should monitor further divergence for bearish confirmation.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute high of $0.0957 and the low of $0.0916, key levels to watch include $0.0935 (38.2%), $0.0927 (50%), and $0.0919 (61.8%). The pair tested the 38.2% level in the morning before pulling back to consolidate near the 50% level. A break below $0.0927 could see the pair head toward the 61.8% level as the next potential support target.

Backtest Hypothesis

A potential backtest strategy could focus on entering long positions at the 50-period SMA during a consolidation phase, with a stop-loss placed below the 61.8% Fibonacci level and a take-profit target at the 38.2% retracement level. This approach would aim to capture short-term rebounds during periods of low volatility. The current setup suggests a neutral-to-bearish outlook with limited room for bullish bias, so this strategy may perform best during consolidation rather than in a strong trending environment.