Market Overview for Voxies/Tether (VOXELUSDT) – 24-Hour Analysis as of 2025-09-26

• Price opened at 0.0511 and closed at 0.0502 after a 24-hour range from 0.0485 to 0.0512.
• A bearish trend emerged midday, with a sharp decline from 0.0505 to 0.0485, indicating bearish momentum.
• Volatility expanded throughout the day, with price bouncing between the 0.0492–0.0505 range.
• Notional turnover reached $14,126,249.51 with total volume of 27,868,434.01, suggesting high liquidity.
• A potential support zone was identified near 0.0485–0.0492 with resistance likely at 0.0498–0.0505.

The pair opened at 0.0511 at 12:00 ET−1 and closed at 0.0502 as of 12:00 ET, having traded between a high of 0.0512 and a low of 0.0485 over the 24-hour period. Total volume amounted to 27,868,434.01, with notional turnover reaching approximately $14,126,249.51. Price action showed a bearish bias after a midday pullback from 0.0505 to 0.0485, with key support levels forming near 0.0492.

Structure & Formations

Price action formed a bearish engulfing pattern at 17:30 ET (0.0493–0.0485), followed by a consolidation between 0.0492 and 0.0498 through the late hours. A potential bearish trendline was drawn from the high at 17:00 ET (0.0498) down to the low at 21:00 ET (0.0489). A 38.2% Fibonacci retracement level at 0.0495 offered some minor resistance but was not sustained.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed bearishly, with price closing below both by the 21:00 ET candle. For the daily chart, the 50- and 100-period MAs were closely aligned around the 0.0501 level, with the 200-period MA sitting lower, indicating a moderate bearish tilt. Price is currently below the 50-period MA, reinforcing short-term bearish momentum.

MACD & RSI

The MACD turned negative midday and remained bearish into the early hours, with a negative histogram reinforcing the downward move. RSI dropped to 25 in the late evening session, signaling an oversold condition, though price failed to rebound significantly. Both indicators suggest a high probability of continued sideways to bearish movement unless a strong bullish reversal emerges.

Bollinger Bands

Bollinger Bands expanded following the midday selloff, with price dropping to the lower band at 0.0485. Volatility remained elevated into the evening before stabilizing. The upper band hovered near 0.0505–0.0506, with price failing to break out. A re-test of the lower band may offer another opportunity for short sellers.

Volume & Turnover

Volume surged during the early evening decline, with the 17:30–18:00 ET candles showing the highest activity (655,991.1 and 292,232.8). Price and volume aligned during the selloff, confirming the bearish move. In the late hours, however, volume declined despite a minor rebound, suggesting weakening momentum in the upward direction.

Fibonacci Retracements

Applying Fibonacci levels to the 0.0485–0.0505 range, 38.2% and 61.8% retracement levels at 0.0495 and 0.0498 respectively acted as temporary resistance. Price bounced off these levels multiple times, suggesting potential for sideways consolidation or a bearish continuation if support at 0.0492–0.0485 is tested again.

Backtest Hypothesis

Given the observed bearish structure and the alignment of moving averages and RSI into oversold territory, a potential backtest hypothesis could involve a short entry near 0.0498–0.0502 with a stop-loss above the 0.0505 level and a target near 0.0485. The hypothesis assumes a continuation of bearish momentum based on volume confirmation and a lack of bullish follow-through on rebounds. This setup would benefit from tighter timeframes and volatility-based exit strategies.