VOXELUSDT Market Overview: 24-Hour Candlestick Analysis for 2025-10-04

• VOXELUSDT declined 2.67% over 24 hours, closing at 0.0491 after hitting a high of 0.0519.
• Key support was tested at 0.0495–0.0498 and held temporarily, but bearish momentum continued post 05:00 ET.
• Volatility expanded midday as price moved between 0.0501 and 0.0495, with notable volume at 0.0498–0.0495.
• RSI remained below 30 for most of the day, suggesting oversold conditions, but price failed to rally.
• Downtrend was reinforced by a breakdown below the 20-period MA and bearish engulfing patterns in late ET hours.

Voxies/Tether (VOXELUSDT) opened at 0.0512 on 2025-10-03 at 12:00 ET, peaked at 0.0519, and closed at 0.0491 as of 12:00 ET on 2025-10-04. Total 24-hour volume amounted to 12,235,866.3 and turnover reached $601,737. The pair has shown a bearish bias over the last 24 hours with strong short-term selling pressure.

Structure & Formations

Price formed a key bearish engulfing pattern at 0.0502–0.0499 after a short-lived rebound on 05:00 ET, indicating a reversal of upward momentum. A doji appeared near 0.0498 at 03:00 ET, signaling indecision. Key support levels at 0.0495–0.0498 held temporarily, but sellers retook control after a failed test of the 0.05 level. A breakdown below 0.0501 marked the resumption of the downtrend.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed bearishly below price, reinforcing the bearish bias. While the 50-period MA on the daily chart remains above the current price level, the 100- and 200-period lines are aligning to provide further bearish confirmation. Price is now trading below all three daily MAs, suggesting continued downside pressure.

MACD & RSI

The MACD line turned negative after 03:00 ET, with the histogram shrinking after an initial bearish spike. RSI remained below 30 for much of the session, indicating oversold conditions, but no significant buying interest emerged to trigger a rebound. A bearish divergence in MACD and a weak RSI response suggest sellers remain in control.

Bollinger Bands

Volatility expanded significantly midday as the price moved between 0.0501 and 0.0495. Price spent much of the session near the lower Bollinger Band, especially after 06:00 ET, indicating bearish exhaustion but without strong support at the band itself. A contraction was observed early in the session, followed by an aggressive expansion aligning with the breakdown of 0.0501.

Volume & Turnover

Volume spiked at 05:00 ET and again at 15:30 ET as price moved through 0.0502 and 0.0492 respectively. Notional turnover followed a similar pattern, peaking at the breakdown of key levels. A notable divergence between price and volume occurred near 0.0498–0.0495, where volume failed to confirm bearish momentum.

Fibonacci Retracements

The 0.382 retracement level at 0.0497 was briefly tested twice but failed to hold. A 0.618 retracement level at 0.0495–0.0496 acted as short-term support. On a daily chart, the recent swing high of 0.0509 and low of 0.0487 show retracement levels at 0.0497 and 0.0491, with the latter now being tested.

Backtest Hypothesis

A potential backtest strategy for this asset would involve using a short bias triggered by a bearish crossover of the 20- and 50-period moving averages on the 15-minute chart, combined with RSI < 30 for confirmation. Stop-loss placement could be set above the nearest Fibonacci resistance level, while targets are placed at the next key support level. This setup could be tested over historical 15-minute data to evaluate its success rate in identifying bearish reversals in low-cap altcoins like VOXELUSDT.