Market Overview for AIXBTUSDT (Aixbt/Tether) on 2025-10-12

• Price closed down from 0.0608 to 0.0573, with significant volatility and bearish momentum.
• RSI shows oversold conditions, indicating potential for a short-term bounce.
• Volume surged during the downtrend, confirming bearish sentiment.
• Key support at 0.0568 and resistance at 0.0606 identified.
• Fibonacci levels suggest potential consolidation around 0.0578–0.0583.

AIXBTUSDT opened at 0.0605 on 2025-10-11 at 16:00 ET and closed at 0.0573 on 2025-10-12 at 12:00 ET. The pair reached a high of 0.0628 and a low of 0.0546 during the 24-hour period. Total volume traded was 42,196,224.36, with a turnover of approximately $2,353,027. The session featured a strong bearish bias, marked by key support and resistance levels and divergent price-volume action in the latter half.

Structure & Formations

Price action showed a clear bearish bias throughout the session, with a sharp drop from 0.0608 to 0.0564 between 19:30 and 20:15 ET. This move was confirmed by bearish engulfing patterns and a long lower shadow in the 20:15–20:30 candle. A key support level formed around 0.0568–0.0570, where price found a floor multiple times in the final hours. A potential bullish reversal pattern (a small hammer) formed at the session’s close, which may signal exhaustion in the bearish trend, though confirmation is pending.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in a bearish crossover by 20:30 ET, reinforcing the downward bias. Price traded below both for the majority of the session. On a larger scale, the 50-period daily MA sits at ~0.0575, while the 200-period MA is at ~0.0585. These suggest that the short-term bearish trend is intact but that the 50 MA could serve as a dynamic support zone in the coming hours.

MACD & RSI

The MACD remained in negative territory for the majority of the session, with a bearish divergence in the latter half, particularly after 21:00 ET. RSI reached oversold levels near 30 in the last few hours, which could indicate a short-term bounce in the near term. However, the RSI has been weak for much of the session, suggesting that bearish momentum is still intact and may only pause temporarily.

Bollinger Bands

Volatility expanded significantly during the early part of the session, with price trading near the lower band for a large portion of the day. A contraction occurred between 03:45 and 05:15 ET, indicating a potential buildup for a move. The final hour saw a modest expansion again as price approached the upper band briefly at 0.0591 before retreating. This suggests that volatility is returning, potentially setting up for a breakout or consolidation.

Volume & Turnover

Volume spiked during the key bearish moves between 19:30 and 20:15 ET, with an average volume of over 1.4M per 15-minute candle. This confirmed the strength of the bearish move. However, in the final hour, volume dropped to below average levels, suggesting that selling pressure may be waning. Turnover (notional value) mirrored the volume pattern, with a notable dip in the last two hours of the session.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.0546 to 0.0628, key levels include 0.0578 (23.6%), 0.0583 (38.2%), and 0.0593 (50%). Price found resistance at the 50% level and then retested the 38.2% zone. The 61.8% level at 0.0569–0.0570 appears to have held as support in the last three hours, suggesting a potential pivot for short-term buyers.

Backtest Hypothesis

A backtest strategy could be built around the 20/50 MA crossover on the 15-minute chart, combined with RSI oversold conditions and volume confirmation. A sell signal could be triggered when price closes below both the 20 and 50 MA, RSI is below 30, and volume exceeds the previous hour’s average. A buy signal could be triggered when price bounces off the 50 MA with rising volume and RSI above 40. This approach would aim to capture short-term bearish momentum while avoiding false breakouts. Given the recent bearish confirmation and RSI oversold condition, this strategy could be deployed with a stop loss just above the recent high of 0.0591 and a take profit at 0.0562–0.0564.