Fusionist/Tether (ACEUSDT) Market Overview: 24-Hour Breakdown

• Price fell from 0.573 to 0.498, -13.1%, driven by a sharp drop overnight.
• 15-minute RSI entered oversold territory (<30) after the early-morning selloff. • Volatility expanded on the 15-minute chart as Bollinger Bands widened overnight. • Turnover surged during the 6:15–7:45 ET sell-off, signaling increased participation. • No strong bullish reversal patterns emerged, though bearish engulfing candles dominated the early hours.

At 12:00 ET on 2025-09-22, Fusionist/Tether (ACEUSDT) opened at 0.573, fell to 0.493, and closed at 0.498. Total 24-hour volume was 1,823,605.2 and turnover amounted to 941,634.9 USD. The sharp decline from 0.571 to 0.493 over the overnight session highlights aggressive bearish pressure.
The 15-minute chart reveals a breakdown in structure with no meaningful bullish support. Key support levels appear around 0.496–0.502, and resistance is at 0.535–0.545. A bearish engulfing pattern formed at the high of 0.571, followed by a long bearish shadow in the 0.55–0.475 collapse. The price remains below both the 20 and 50-period moving averages, reinforcing the downtrend. A 20-period MA at 0.508 and 50-period MA at 0.513 suggest further downward pressure is likely if the current trend continues.
Volatility surged overnight as Bollinger Bands expanded from 0.56–0.57 to 0.475–0.52. Price has since been oscillating in the lower half of the band, indicating bearish exhaustion may be setting in. The RSI dipped below 30 during the 6:15–7:45 ET selloff, pointing to oversold conditions, though the lack of follow-through bullish action suggests the trend is not yet over. MACD crossed below zero during the same period, confirming bearish momentum.
Fibonacci retracements from the key 0.571–0.475 swing show the price currently resting near the 78.6% level, with the 88.6% at 0.466 as the next potential target. The 61.8% retracement at 0.490 may offer some near-term support. A rebound above 0.515 could trigger a test of the 0.535–0.545 resistance, but this seems unlikely without a reversal catalyst.

The market appears to be in a medium-term downtrend, with bearish control likely to persist in the near term. While RSI suggests oversold conditions, the absence of a strong reversal pattern or volume confirmation may signal a continuation of the decline. Investors should watch for a break below 0.490 or a strong bounce above 0.515 for clarity. Caution is warranted as volatility remains high and sentiment appears bearish.

**Backtest Hypothesis** A potential backtest strategy involves entering short positions on the break of the 0.496–0.502 support range with a stop just above the 0.515–0.52 resistance level. The 0.466–0.475 level could serve as a target. Given the RSI’s oversold condition, a counter-trend long entry could be considered if the price closes above 0.515 with increased volume. This approach would leverage both trend-following and countertrend reversal signals, suitable for a mixed volatility environment.