Market Overview for eCash/Tether (XECUSDT) – October 9, 2025

• eCash/Tether (XECUSDT) ended lower amid declining momentum and diverging volume.
• Price action shows bearish exhaustion with key support tested near $0.00001786.
• Volatility expanded during sharp sell-off, but buying interest re-emerged at lower levels.
• RSI and MACD signal oversold conditions, hinting at potential short-term bounce.
• Bollinger Bands show contraction earlier in the day, then rapid expansion with bearish bias.

eCash/Tether (XECUSDT) opened at $0.00001801 on October 8, 2025 (12:00 ET – 1), hitting a high of $0.00001828 and a low of $0.00001764 before closing at $0.00001799 on October 9 (12:00 ET). Total volume traded was 11,254,216,355.0 XEC, and notional turnover amounted to $204,042,544 USD over the 24-hour period.

Structure & Formations

The 24-hour chart for XECUSDT reveals a bearish structure with a clear downward bias. A key support level appears at $0.00001786, where price found a floor after a sharp decline late on October 8 and early on October 9. A notable bearish engulfing pattern formed at the high of $0.00001828, followed by a large-bodied bearish candle with wicks, indicating rejection of higher prices. A bullish reversal pattern, the hammer, emerged at the end of the sell-off near $0.00001794, suggesting potential near-term support.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a downward trend, with price currently below both, reinforcing bearish momentum. On the daily chart, the 50-period and 100-period moving averages are converging from above, indicating potential for a short-term bounce but still maintaining a bearish bias in the broader trend.

MACD & RSI

The MACD line has crossed below the signal line with negative divergence, reinforcing bearish momentum. However, the RSI has entered oversold territory, with a reading near 30, hinting at potential short-term buying pressure. A bullish crossover in MACD with a confirmation bar above the signal line could trigger a bounce, but confirmation is still pending.

Bollinger Bands

Bollinger Bands show a significant expansion in volatility following the sharp sell-off, with price currently sitting near the lower band at $0.00001799. This is a typical sign of oversold conditions and could lead to a reversion to the mean, although the bearish bias remains intact given the overall trend.

Volume & Turnover

Volume spiked during the sharp selloff in the early hours of October 9, with the largest single 15-minute volume at 1,670,451,196 XEC. However, price failed to make a new low, suggesting some buying interest at lower levels. Turnover also spiked during the selloff but declined sharply afterward, indicating a lack of conviction in further downside moves. A divergence between volume and price in the final candle of the day may suggest short-term support is holding.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 15-minute swing (from $0.00001828 to $0.00001764), the 38.2% and 61.8% levels currently sit at $0.00001799 and $0.00001782, respectively. Price has found a temporary base near $0.00001799, which aligns with the 38.2% retracement level, offering a potential pivot point for the next 24 hours.

Backtest Hypothesis

A potential backtest strategy could involve a short-term bullish reversal approach triggered by a combination of RSI entering oversold territory, a bullish candlestick pattern (such as a hammer), and divergence in volume and price during a selloff. A buy signal could be generated when RSI crosses above 30, followed by a close above the 20-period moving average on the 15-minute chart. A stop-loss could be placed at the next significant Fibonacci level below the entry point, and a take-profit target could be set at the 38.2% retracement level of the previous bearish move. This strategy aims to capitalize on short-term mean reversion while managing risk through defined entry and exit levels.