Market Overview for AIXBTUSDT: Bearish Breakdown and Oversold Conditions

• AIXBTUSDT closed down 10.2% in 24 hours amid bearish momentum and expanding volatility.
• A sharp 15-minute selloff on 2025-10-22 pushed price from 0.0556 to 0.0512, signaling deep bearish sentiment.
• Bollinger Bands widened following the breakdown, with price testing the lower band multiple times.
• RSI entered oversold territory (<30) in the morning but failed to generate a meaningful reversal. • Volume surged during the selloff but tailed off in the final hours, suggesting a potential short-term consolidation.

The 24-hour period for AIXBTUSDT saw the pair open at **0.0553** on 2025-10-22 at 12:00 ET, reach a high of **0.0556**, a low of **0.0500**, and close at **0.0536** on 2025-10-23 at 12:00 ET. Total traded **volume** was **68.6 million units**, with **notional turnover** amounting to **3.66 million USD**. A sharp breakdown occurred in the early evening of 2025-10-22 as a large bearish engulfing pattern emerged, followed by a long lower wick and multiple bearish harami patterns.

Structure & Formations

Price found initial resistance around 0.0556 before breaking below key support levels at 0.0552, 0.0548, and finally 0.0512 in a 3-hour window. The breakdown was confirmed by bearish engulfing patterns and long wicks, signaling aggressive selling. A potential short-term support zone has formed between 0.0532–0.0536, where the price found a temporary floor in the final hours of the 24-hour period. A doji formed around 0.0536, suggesting indecision and a potential pause in the downward move.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed bearishly, reinforcing the short-term downtrend. On the daily chart, price closed below both the 50 and 100-period moving averages, with the 200-period MA acting as a distant resistance. This alignment of moving averages suggests a continuation of the bearish momentum unless a strong reversal occurs above the 50-period MA.

MACD & RSI

MACD crossed below its signal line during the selloff, forming a bearish death cross. This was followed by a sharp decline in the MACD histogram. RSI entered oversold territory (<30) in the late hours of 2025-10-22 but failed to rally meaningfully. This indicates a lack of buying interest despite the extreme bearish conditions, suggesting a potential continuation of the downtrend or at least a prolonged consolidation.

Bollinger Bands

Bollinger Bands expanded significantly during the breakdown phase, with price testing the lower band multiple times. A contraction is expected if price holds above 0.0536, which would signal a potential reversal. If the bands expand again, it would indicate renewed volatility and continued bearish pressure.

Volume & Turnover

Volume spiked during the breakdown from 0.0556 to 0.0512, confirming the bearish move. However, volume tailed off in the final hours despite price stabilizing around 0.0536. This divergence suggests that the short-term bottom may not hold unless volume picks up on a bullish reversal. Turnover mirrored the volume pattern, with the largest notional value traded during the selloff hours.

Fibonacci Retracements

Key Fibonacci levels for the recent 15-minute drop from 0.0556 to 0.0512 include 0.0535 (61.8%) and 0.0541 (38.2%). Price found a temporary floor near the 61.8% level, which may hold as a key support zone for the next 24 hours. On the daily chart, the 0.0545–0.0556 range represents key resistance levels.

Backtest Hypothesis

Given the bearish divergence in RSI and MACD during the breakdown, a potential backtest strategy could focus on shorting the pair at key Fibonacci levels, such as the 50% retest of the 0.0556–0.0512 move. A short entry could be triggered if price breaks below 0.0536, with a stop-loss placed above 0.0541 and a target aligned with the next Fibonacci level at 0.0522. A long entry could be considered if RSI exits oversold territory with a confirmed bullish reversal, such as a hammer or bullish engulfing pattern above 0.0536.