Market Overview for Axie Infinity/Tether (AXSUSDT)

• Price rose from 1.594 to 1.628, with a 24-hour high near 1.634 and a low at 1.581
• Momentum accelerated in morning hours before stabilizing, showing positive divergence
• Volume spiked to 94k+ during key bullish breaks, confirming price strength
• Bullish Engulfing and Inverted Hammer patterns formed during key rebounds
• RSI bottomed at oversold 32 and climbed to 58, suggesting balanced momentum

Price Action and Opening Summary

Axie Infinity/Tether (AXSUSDT) opened at 1.594 on 2025-10-25 at 12:00 ET, reached a high of 1.634, and closed at 1.632 as of 12:00 ET on 2025-10-26. The pair recorded a total volume of 293,794.33 and a notional turnover of $467,647.24 over the 24-hour window. The price trend showed a clear bullish bias, especially in the morning and late afternoon hours, with a strong rebound from the 1.591 support level.

Structure & Formations

The chart revealed several notable candlestick patterns. A Bullish Engulfing pattern appeared at 1.593–1.597 on the 15-minute chart following a morning dip, suggesting a short-term reversal. Later, an Inverted Hammer formed near 1.602 after a pullback from 1.609, reinforcing the bullish sentiment. On the lower timeframes, a Bearish Harami near 1.606 hinted at caution, but it was quickly overridden by buyers. Key resistance levels emerged at 1.603, 1.609, and 1.613, while support held at 1.591 and 1.588, with the latter failing temporarily during a mid-night decline.

Volatility and Trend Confirmation

Volatility expanded in the early morning and again in the late afternoon, as seen by the Bollinger Band widening from 1.588 to 1.634. Price spent significant time above the 20-period and 50-period moving averages, suggesting a short to medium-term bullish trend. The 50-period MA crossed above the 100-period line near 1.600, indicating trend confirmation. No clear bearish divergence was observed in the momentum, despite a few short dips.

Momentum and Oscillators

The MACD histogram turned positive in the morning and remained bullish until late afternoon, confirming the strength of the upward move. RSI reached 58 at the 24-hour close, up from 32 during the overnight low. This suggests moderate overbought conditions, but not extreme, indicating room for consolidation or a potential follow-through. Fibonacci retracement levels from the 1.581 to 1.634 swing showed the 1.613 level at 38.2% and the 1.628 level at 61.8%, both of which aligned with key candlestick and volume pivots.

Backtest Hypothesis

The backtest strategy aimed to identify Bullish Engulfing patterns on AXSUSDT for potential long entries. However, a technical issue occurred when requesting the pattern detection, as the system returned an “asset not found” error. This likely points to a mismatch between the requested ticker and the format expected by the technical indicator API. To resolve this, three practical approaches were outlined:

1. Retry with a qualified ticker format, such as “AXSUSDT:BINANCE” or “AXS-USD”, which are more likely to be recognized by the backend.
2. Use local pattern detection on the provided 15-minute OHLCV dataset to identify the Bullish Engulfing signals manually.
3. If the exact timestamps of the bullish engulfing patterns are already known, they can be input manually to proceed with backtesting without delay.

Given the importance of timely execution and data consistency, the second option (local detection from the raw data) is strongly recommended. It allows for a complete and accurate backtest without relying on potentially inconsistent external data formats. Once the bullish engulfing signals are detected, the backtest can analyze entry, exit, and risk management rules to evaluate strategy performance.