XVSUSDT Market Overview

• XVSUSDT declined sharply over the 24 hours, dropping from 4.77 to 4.61.
• Key support was tested at 4.55–4.60, with price consolidating around this area.
• Volatility spiked during a sharp sell-off in the early hours of 10/30.
• Volume surged during the downtrend, confirming bearish momentum.
• RSI and MACD indicate oversold conditions, potentially signaling near-term bounce.

The XVSUSDT pair opened at 4.77 on 2025-10-29 at 12:00 ET and closed at 4.61 on 2025-10-30 at 12:00 ET, with a high of 4.78 and a low of 4.43. Total volume over the 24 hours was 96,200, while notional turnover was approximately $394,700. The price action reflects a sharp bearish trend, particularly from 18:15 to 04:30 ET, where a large-volume sell-off dragged the price below key support levels.

Structure & Formations

XVSUSDT has formed a bearish trendline following a large engulfing bearish candle at 18:45 ET, which marked the start of the downtrend. A key support zone between 4.55–4.60 was tested multiple times, with the price failing to close above it after 4.65. A possible doji formed near 4.51 at 13:00 ET, suggesting short-term indecision. The 4.43 low at 13:45 ET appears to be a temporary floor, with a potential counter-trend forming around 4.47–4.51.

Moving Averages

On the 15-minute chart, the price has remained below both the 20SMA and 50SMA for most of the session, confirming the short-term bearish bias. On the daily chart, the 50DMA appears to be descending toward the 4.50–4.55 range, aligning with the key support level. A break above 4.65 could potentially trigger a retest of the 4.65–4.70 zone, where the 100DMA and 200DMA reside.

MACD & RSI

The MACD line has remained negative throughout the session, with the histogram contracting after the 4.51 low, signaling reduced bearish momentum. RSI has entered oversold territory, hovering around 30, and may offer a short-term bounce in the near term. However, a sustained move above 4.65 would be needed for RSI to re-enter neutral territory.

Bollinger Bands

Volatility has expanded significantly during the sharp selloff, with the bands widening to over 0.09. Price has spent most of the session trading near the lower band, especially between 18:15 and 04:30 ET. A consolidation above the midline of the bands, which is currently at 4.56–4.58, may indicate a reversal in the near term.

Volume & Turnover

Volume spiked dramatically during the selloff, with the largest single-volume candle at 18:45 ET, where 12,629.38 XVS traded, and the price collapsed from 4.73 to 4.63. The volume profile suggests a distribution phase, with bearish confirmation from the large volume during the downward move. However, volume has since tailed off, indicating a possible end to the selloff and a potential pause in trading activity.

Fibonacci Retracements

On the 15-minute chart, a key retracement level at 4.64 (38.2%) failed to hold, and price continued lower to 4.58 (61.8%). On the daily chart, a major Fibonacci level at 4.55 aligns with the current support area, suggesting a possible pause or consolidation. A break below 4.43 could open the door to 4.40, but this remains speculative.

Backtest Hypothesis

To refine the XVSUSDT trading strategy based on the current technical setup, a MACD-based backtest could be implemented using high-quality OHLCV data. Given the recent MACD divergence and RSI oversold conditions, detecting MACD golden crosses in conjunction with RSI re-entry into neutral territory may offer a viable strategy. If the correct ticker symbol or data file is provided, the backtest can be run using a 3-day hold period, and performance metrics—including win rate, average return, and maximum drawdown—can be reported. This approach aligns with the bearish trendline and Fibonacci levels discussed above and could help optimize entry and exit points.