Market Overview for IoTeX/Bitcoin (IOTXBTC) – 2025-11-02

• IOTXBTC traded in a narrow range, with no meaningful price movement or volatility expansion observed over the 24-hour window.
• Open and close prices aligned closely, with no clear directional bias.
• Volume was sparse for most of the session, with isolated spikes suggesting limited interest.
• A minor price drop occurred mid-session, but lacked follow-through volume to confirm significance.
• The pair remains in a consolidation phase, with no breakout or breakdown signs detected.

IoTeX/Bitcoin (IOTXBTC) opened at 1.1e-07 on 2025-11-02 at 12:00 ET-1 and closed at the same level by 12:00 ET. The high and low for the session were also both at 1.1e-07, indicating no price movement. Total volume over 24 hours was approximately 2,594,400, while turnover amounted to 244.2 IOTX. The price action remained flat and directionless, with the pair consolidating within a tight range.

At the structural level, IOTXBTC remained confined within a tight horizontal range throughout the 24-hour period. No clear support or resistance levels were identified due to the lack of price deviation. The candlestick formation was largely neutral, with the absence of large bullish or bearish candles. A small bearish move occurred in the early hours, where the price briefly dipped to 1.0e-07 before bouncing back to the same level. This move lacked sufficient volume and follow-through to suggest a meaningful shift in sentiment.

Moving averages for the 15-minute chart showed no divergence from the flat price trend. The 20- and 50-period moving averages remained closely aligned, reinforcing the lack of momentum. On daily timeframes, the 50, 100, and 200-period moving averages all continued to overlap, reinforcing a neutral and non-directional market state. The pair remains in a low-energy phase, with no signs of a breakout or breakdown in sight. Investors should continue to monitor volume and the presence of any divergences in the coming sessions.

The Bollinger Bands remained compressed throughout the session, with the price hovering tightly around the midline. This contraction suggests a period of consolidation and low volatility. While the narrow band could suggest an impending breakout, the lack of volume and directional bias makes this scenario uncertain. The RSI and MACD indicators were centered within neutral ranges, with no signs of overbought or oversold conditions. Momentum appears to be absent, and the pair is not showing any signs of accelerating in either direction.

Fibonacci retracement levels were applied to the minor intra-day swing that briefly dipped to 1.0e-07. This move represented a potential 61.8% retracement from a previous small bullish leg, but the lack of volume and price confirmation suggests it is not structurally significant. Investors should remain cautious and wait for more robust price action or volume confirmation before taking positions.

Backtest Hypothesis

The data retrieval for the IOTXBTC symbol appears to be limited or unavailable, making it difficult to apply a pattern-based backtest strategy such as the Doji Star detection. This issue likely stems from either an incorrect symbol format or a lack of historical pattern data for this specific pair. To proceed with a backtest, it would be necessary to either confirm the correct symbol format (e.g., adding an exchange prefix like “BINANCE:IOTXBTC”) or manually provide a list of dates when relevant candlestick patterns occurred between 2022-01-01 and today. Once this information is available, a targeted event-based backtest could be conducted to assess the predictive accuracy and performance of the strategy. In the absence of pattern data, any technical signal would lack empirical validation. Investors are advised to cross-reference such signals with broader market context and volume behavior before acting.