Fusionist/Tether Market Overview

• Price climbed from 0.314 to 0.368 amid rising volume and bullish momentum
• A “Bullish Engulfing” pattern emerged around 0.334, confirming a breakout attempt
• Volatility expanded during the rally, with price testing 0.357 as a potential resistance
• RSI suggests overbought conditions, and volume diverged slightly in the final 6 hours

Fusionist/Tether (ACEUSDT) opened at 0.314 on 2025-10-12 at 12:00 ET and closed at 0.364 by the same time on 2025-10-13, having traded as high as 0.382 and as low as 0.314 within the 24-hour window. Total trading volume stood at 14,725,000 units, while notional turnover reached $5,156,669 (based on weighted averages). The pair showed a strong rally with several bullish candlestick formations and volume confirmation during early to mid-day ET.

Structure & Formations

ACEUSDT exhibited a classic bullish reversal pattern around 0.334, with a large green candle engulfing the previous bearish body, signaling renewed buying interest. A key resistance at 0.357 was tested multiple times but held, suggesting a potential continuation to the next level at 0.366. A support zone formed between 0.326 and 0.328 offered buyers multiple entry points. The overall structure indicates a breakout candidate with defined targets at 0.366 and 0.378.

Moving Averages

On the 15-minute chart, price traded above both the 20- and 50-period moving averages, indicating a strong short-term bullish bias. The 20 MA was at 0.339 and the 50 MA at 0.335 at the close, with the former acting as a dynamic support during the afternoon. On the daily chart, the 50- and 200-period MAs were converging around 0.327–0.329, providing a potential pivot level for continuation or correction.

MACD & RSI

The MACD crossed above zero in the early morning and remained in positive territory, reinforcing the bullish momentum. RSI approached overbought territory near 65–67 in the late morning before pulling back slightly, indicating potential exhaustion in the upward move. Divergences between price and RSI in the last 6 hours suggest a possible near-term pullback before the next leg higher could emerge.

Bollinger Bands

Volatility expanded significantly during the rally, with price breaking above the upper Bollinger Band at 0.348. The width of the bands widened in the morning, signaling increased uncertainty, while the narrowing in the late afternoon hinted at consolidation. Price closed near the middle band, suggesting a possible continuation of the bullish trend but with caution for a pullback to the lower band at 0.332–0.335.

Volume & Turnover

Volume spiked during the 0300–0900 ET period, coinciding with the most aggressive price moves. However, in the final 6 hours, volume declined while price remained in a tight range, pointing to potential exhaustion. Notional turnover peaked at 465,414 units during the 0900 ET candle, suggesting heavy accumulation during the rally. The volume-to-price divergence may hint at a near-term correction before further upside.

Fibonacci Retracements

A key Fibonacci level at 0.357 (61.8% of the 0.314–0.382 move) acted as a strong resistance. The 38.2% retracement at 0.346 supported a continuation higher, while the 50% level at 0.348 was tested as a potential pivot. In the 15-minute chart, a 0.328–0.341 swing showed 61.8% support at 0.336, which held in the late morning before a breakout attempt.

Backtest Hypothesis

The “Bullish Engulfing” candlestick pattern observed around 0.334 could serve as a signal for a long entry. To set up a meaningful backtest, two clarifications are needed: first, whether the strategy should be tested on a single security (e.g., ACEUSDT) or a broader universe (e.g., a basket of crypto pairs), and second, how the “resistance” exit rule should be defined—whether it should be based on a previous swing high, pivot-point R1, or another metric like the prior 20-day high. Once these are clarified, a backtest can be conducted over a relevant time horizon to evaluate the signal’s viability.