Market Overview for AIXBTUSDT on 2025-10-07

• AIXBTUSDT declined sharply by -0.49% over 24 hours, closing at 0.1011 after a key bearish breakdown.
• Volatility expanded mid-day with Bollinger Band divergence and strong selling pressure in the 0900–1200 ET window.
• RSI and MACD show bearish momentum with no overbought signs, suggesting downward continuation could remain likely.
• A volume spike of 2,951,746.1 occurred at the key 0.1011 level, signaling a potential support zone.
• Fibonacci levels suggest 0.0978–0.0994 as likely short-term targets, with 0.1031 as initial resistance.

AIXBTUSDT opened at 0.1049 on 2025-10-06 at 12:00 ET and closed at 0.1011 by 12:00 ET on 2025-10-07. The pair traded between 0.1049 and 0.0935, with a total 24-hour volume of 101,471,542.7 and turnover of $10,250,228.71. The price trended lower for most of the session, with a sharp drop observed between 1400 and 1545 ET, which coincided with the largest volume and turnover spike.

Structure & Formations

The price formed a bearish engulfing pattern near the 0.1034 level in the early part of the session, followed by a long lower shadow at the 0.1009–0.1003 range. A key support zone emerged at 0.1011–0.1009, where price consolidated briefly before a final sell-off. No significant bullish reversal patterns were observed, suggesting the bearish momentum is still intact. A critical resistance appears at 0.1031, where multiple candles failed to close above.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, signaling bearish momentum. Daily moving averages (50, 100, 200) suggest the price is below all three, with a stronger bearish signal when considering the 200-day MA as long-term support at 0.1026–0.1028. The price remains below all significant moving averages, reinforcing the downward trend.

MACD & RSI

The MACD histogram turned negative in the mid-session and remained in bearish territory, with the signal line crossing below the MACD line. RSI dropped to 29 at the session low, indicating an oversold condition, but failed to rebound, which may suggest weak buying interest. The RSI remains below 50, reinforcing the bearish bias.

Bollinger Bands

Volatility expanded significantly between 0900–1200 ET as the Bollinger Bands widened. The price traded near the lower band for most of the session, particularly between 0900 and 1400 ET, indicating strong bearish pressure. A contraction in volatility occurred near the 0.1011 level, suggesting a potential reversal point, though the bearish trend continued afterward.

Volume & Turnover

Volume spiked at 2,951,746.1 at 1345 ET as the price fell to 0.0992, confirming the breakdown at that level. Turnover followed in line with volume, with no divergence noted, suggesting the move was supported by significant liquidity. A divergence in volume and price might have indicated a fakeout, but this did not occur, reinforcing the bearish signal.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent high of 0.1049 and low of 0.0935, the 38.2% level is at 0.1009 and the 61.8% level is at 0.0981. Price found brief support at the 0.1009 level before resuming the downtrend, making the 0.0981 level a key watchpoint for further consolidation. Initial resistance remains at 0.1031–0.1032, where the price previously failed to break.

Backtest Hypothesis

A backtest strategy could involve entering a short position at the close of a bearish engulfing pattern, placing a stop just above the 0.1031–0.1034 resistance level and targeting the 0.1009–0.0981 Fibonacci levels. This setup would align with the observed bearish momentum, RSI oversold condition, and Bollinger Band divergence. The volume confirmation at the 0.0992–0.1011 range also supports a bearish bias. If the price breaks above 0.1031 with increasing volume and positive momentum indicators, the strategy would need a dynamic stop loss adjustment.