Market Overview for AIXBTUSDT on 2025-10-09

• AIXBTUSDT fell from 0.0978 to 0.0886 over 24 hours amid bearish momentum and heavy volume.
• RSI and MACD showed weakening bullish momentum with bearish divergence.
• Volatility remained elevated with Bollinger Band expansion and key support levels at 0.0930–0.0935.
• A large bearish engulfing pattern formed around 0.0972–0.0965, suggesting continuation of downward pressure.
• Fibonacci levels at 0.0902–0.0912 may dictate short-term price action ahead.

AIXBTUSDT opened at 0.0944 at 12:00 ET-1 and fell to a low of 0.0886 before closing at 0.0909 by 12:00 ET. The 24-hour range was 0.0978 to 0.0881. Total volume amounted to 76,748,194.9 units, with a notional turnover of $8,140,628.97. Price action reflected a strong bearish bias, with significant volume observed in the early part of the session.

Structure on the 15-minute chart shows a clear bearish trend, with a large engulfing candle around 0.0972–0.0965 indicating rejection of higher prices. Key support levels emerged at 0.0930 and 0.0935, with a bearish doji forming near 0.0941, suggesting indecision. Resistance remains at 0.0958–0.0960. The price has spent much of the session below the 20-period moving average, with the 50-period line also showing bearish dominance. The 200-period EMA on the daily chart remains above the current price, reinforcing a longer-term bearish bias.

The RSI moved from 60 to 28 over the 24-hour period, showing a transition into oversold territory, though without a clear rebound. MACD lines moved lower, with the histogram showing a bearish divergence. Bollinger Bands have expanded as volatility increased, and price has remained below the 20-period moving average and the middle band. This setup suggests a continuation of bearish sentiment in the near term, particularly if the 0.0900–0.0905 level is breached. Volume has confirmed the bearish trend, with higher volume on down days and a clear divergence in turnover as price fell.

Fibonacci retracement levels drawn from the key 0.0978 to 0.0881 move show critical levels at 0.0954 (38.2%), 0.0930 (61.8%), and 0.0903 (100%). The price currently sits near 0.0909, suggesting that the 0.0900–0.0905 zone could act as a short-term floor or trigger a pullback if the 0.0900 level is tested. A breakout below this could extend the move toward 0.0881, while a rebound above 0.0909 could test the 0.0930 level as resistance.

Backtest Hypothesis
The backtesting strategy suggests entering long positions when RSI drops below 30 and the price breaks above the 20-period EMA, with a stop-loss placed below the previous swing low. Over the last 24 hours, this signal was not triggered, as RSI reached 28, but the price remained below the 20-period EMA. However, if the price stabilizes above 0.0909 and the 20-period EMA turns upward, this strategy could be tested in the next 24-hour period. The probability of success may increase if the 0.0909 level holds and a bullish reversal pattern forms.