Market Overview for Voxies/Tether (VOXELUSDT): 2025-09-21

• VOXELUSDT declined by 2.5% over 24 hours with a low at 0.0583.
• Volatility expanded after 0.0607 high, with price consolidating near 0.0585.
• Volume surged during a breakdown below 0.06, suggesting bearish conviction.
• RSI and MACD indicate oversold conditions, but momentum remains weak.
• Price remains below key 50-period and 200-period moving averages on 15-min and daily charts.

Voxies/Tether (VOXELUSDT) opened at 0.0605 on 2025-09-20 at 16:00 ET and closed at 0.0585 by 12:00 ET on 2025-09-21, reaching a high of 0.0611 and a low of 0.0581. The pair traded a total 24-hour volume of 3,235,509.7 and a turnover of $194,732.68, reflecting heightened bearish pressure.

Structure & Formations

The 24-hour chart shows a distinct breakdown from a key resistance cluster near 0.0607–0.0611, with the final 15-minute candle closing at 0.0585. Price formed a bearish engulfing pattern at 0.0611–0.0603 and later a long lower shadow at 0.0593–0.0583, suggesting potential support near 0.0583. A doji at 0.0603–0.0601 during the afternoon ET suggests short-term indecision but failed to reverse the downward trend.

Moving Averages

On the 15-minute chart, price closed below the 20-period (0.0605) and 50-period (0.0604) moving averages, confirming a short-term bearish bias. The daily MA structure shows price remains below the 50-period (0.0607) and 200-period (0.0610) levels, reinforcing the medium-term downtrend.

MACD & RSI

The MACD crossed below its signal line with a negative histogram, indicating waning bullish momentum. RSI dipped into oversold territory (30–34), but without a strong reversal, this could signal a continuation of the downtrend. Price remains in a low-velocity bearish phase, with no clear signs of reversal from overbought or oversold extremes.

Bollinger Bands

Volatility expanded throughout the session, with Bollinger Bands widening to 0.0026 (21:45–00:00 ET). Price closed near the lower band (0.0583–0.0585), indicating a possible short-term support level. A sustained rebound above the mid-band would be needed to signal a reversal.

Volume & Turnover

Volume spiked during the breakdown phase (0.0607–0.0583), with a 15-minute candle (09:45–10:00 ET) showing a turnover of $4,276.24 and a volume of 427,624.4. This confirms conviction in the move lower. The divergence between high volume and falling price suggests a bearish continuation is likely.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.0581–0.0611 swing, key levels are 0.0601 (38.2%), 0.0595 (50%), and 0.0589 (61.8%). Price appears to have rejected the 61.8% level, which could now act as resistance on any bounce. On the daily timeframe, 0.0605 and 0.0613 are critical retracement levels to watch for reversal signals.

Backtest Hypothesis

The backtest strategy involves entering a short position on a bearish engulfing pattern followed by a close below the 50-period MA on the 15-minute chart, with a stop-loss above the 20-period MA and a take-profit at 61.8% of the recent bullish swing. Given the recent breakdown and strong bearish confirmation, this setup aligns well with the current price structure and could offer a favorable risk/reward ratio if price remains below key resistance levels. However, confirmation on the 60-minute chart is recommended before executing.