Market Overview for Voxies/Tether (VOXELUSDT) - October 11, 2025

• Price dropped sharply on high-volume bearish divergence during 19:30–21:00 ET, reaching 0.0145.
• Volatility expanded significantly with RSI hitting oversold levels (14.5), suggesting potential near-term reversal.
• Bollinger Bands show wide expansion, confirming high volatility and potential reversion to mean.
• Volume and turnover surged during key breakdown, confirming bearish sentiment.
• Fibonacci levels indicate potential support at 0.0337–0.0353, with possible bounce from 0.0353–0.0357.

Voxies/Tether (VOXELUSDT) opened at 0.0468 on October 10 at 12:00 ET and closed at 0.0355 on October 11 at 12:00 ET, hitting a high of 0.0473 and a low of 0.0145. The 24-hour volume was 190.18 million USDT, with total notional turnover of ~$6.78 million. The pair experienced a sharp bearish divergence and volatility spike during the 19:30–21:00 ET window, signaling a major breakdown.

Structure & Formations

The price structure of VOXELUSDT over the last 24 hours showed a clear bearish bias, especially during the late New York session (ET). A bearish engulfing pattern formed at 0.0468, followed by a deep breakdown into sub-0.035 levels. The most notable support levels identified are around 0.0337 (61.8% Fibonacci) and 0.0353 (38.2% Fibonacci). Resistance levels are now at 0.0357–0.0361, which may serve as a short-term barrier for any bullish retracement.

A key doji formed at 0.0351 around 01:45 ET, indicating indecision. A potential bearish continuation pattern was confirmed during the 19:30–20:00 ET candle, which closed at 0.0447 with very high volume, signaling strong distribution. This candle formed the low for the 24-hour period, with no meaningful rebound since.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA are in a bearish crossover, with the 20SMA at 0.0363 and 50SMA at 0.0358. This suggests continued downward pressure in the near term. On the daily chart, the 50DMA is at 0.0394, and the 200DMA is at 0.0433, placing the current price well into oversold territory.

The price is trading significantly below its 50DMA, indicating a potential for a temporary rebound or consolidation phase if buyers step in at key Fibonacci and Bollinger Band levels.

MACD & RSI

The MACD turned negative during the breakdown period, with the line at -0.0016 and the signal line at -0.0010, suggesting bearish momentum is still intact. The histogram is widening, indicating increasing bearish conviction.

The RSI has hit oversold levels at 14.5, which typically indicates a high probability of short-term reversal or consolidation. However, this is often a trap in highly trending markets, so divergence from price action should be watched closely before taking bullish positions.

Bollinger Bands

The Bollinger Bands are at an expanded width, with the upper band at 0.0423 and the lower band at 0.0185 as of the latest data. The price is currently trading near the lower band, which reinforces the bearish momentum and suggests that any bounce may be met with selling pressure at key Fibonacci levels.

Volatility has surged, and the price is likely to consolidate or reverse if it holds above 0.0337, which is a key Fibonacci and psychological level. A retest of this level may offer a low-risk entry for bulls.

Volume & Turnover

Volume surged during the breakdown between 19:30–21:00 ET, with a massive candle at 0.0179 on 21:30 ET (volume: 10.88 million USDT). This was the highest volume candle of the 24-hour period. The volume and turnover are in strong alignment with the price move, confirming the breakdown.

However, volume dropped off significantly after the 01:45 ET doji, which may signal exhaustion in the bearish move or a lack of follow-through. A retest of the breakdown low with high volume could confirm the strength of the new support zone.

Fibonacci Retracements

Key Fibonacci levels from the recent bearish leg (0.0468–0.0145) include:- 38.2% at 0.0353- 50.0% at 0.0296- 61.8% at 0.0337

The price found a temporary bounce at 0.0337 and has since stabilized near 0.0355, suggesting that 0.0353–0.0357 may be the next area of focus. A break below 0.0337 could lead to a test of the 0.0296 level, while a rebound above 0.0357 could indicate a short-term consolidation phase.

Backtest Hypothesis

Given the recent bearish engulfing pattern and strong divergence in RSI and MACD, a potential backtesting strategy could focus on short entries at key Fibonacci levels (e.g., 0.0357–0.0361) with a stop loss above the doji at 0.0351. The target could be based on a projected move toward 0.0296 or 0.0260 (78.6% Fibonacci). This approach would aim to capture continuation of the downward trend while avoiding false breakouts by using volume and momentum indicators for confirmation.