Market Overview for Acala Token/Tether (ACAUSDT) – 2025-10-10

• Acala Token/Tether (ACAUSDT) closed near the high of the 24-hour range, showing bullish momentum in the last 48 hours.
• Price briefly tested key resistance near 0.0250–0.0253, with mixed conviction, indicating potential for a breakout or consolidation.
• Increased volume was observed during late-night hours, suggesting higher participation in price swings.
• RSI showed signs of overbought conditions during midday, hinting at possible short-term profit-taking.
• Bollinger Bands widened during early morning hours, signaling increased volatility and active trading.

Acala Token/Tether (ACAUSDT) opened at $0.0243 on 2025-10-09 at 12:00 ET and closed at $0.0251 on 2025-10-10 at 12:00 ET. The 24-hour high was $0.0255 and the low was $0.0238. Total trading volume reached 12,274,491.08 ACA, while notional turnover amounted to $318,153.44.

The price action for ACAUSDT over the past 24 hours demonstrated a bullish bias, particularly during the early morning and midday hours. A significant breakout above the 0.0250 resistance level occurred around 03:45 ET, with a follow-through into 0.0252–0.0253. However, this was partially retraced during the late afternoon, indicating possible profit-taking or short-term bearish pressure. A notable bullish engulfing pattern emerged between 03:30 and 03:45 ET, signaling a potential reversal from a downtrend. Key support levels appear at 0.0248 and 0.0245, while resistance remains clustered around 0.0252–0.0255.

MACD remained in positive territory for most of the session, confirming the bullish momentum, especially during the 02:00–06:00 ET window. However, RSI briefly entered overbought conditions (above 70) around 04:00 ET, suggesting caution for short-term traders. Bollinger Bands widened during the 02:00–06:00 ET period, indicating increased volatility and active price discovery. The 15-minute 20-period and 50-period moving averages were consistently bullish during the early morning, but the 50-period line showed signs of flattening during the afternoon, hinting at potential consolidation.

Fibonacci retracement levels for the recent 0.0238–0.0255 swing indicated key psychological levels at 0.0245 (38.2%) and 0.0250 (61.8%), both of which were tested during the session. The 61.8% level appears to be a critical area for the next 24 hours, as a break above could target 0.0255–0.0260, depending on volume confirmation. On the other hand, a pullback below 0.0245 may re-test 0.0243 as short-term support. Volume and notional turnover were notably higher during the 03:00–06:00 ET window, aligning with the breakout and suggesting increased institutional or algorithmic participation.

Backtest Hypothesis

The backtesting strategy described involves entering long positions on ACAUSDT when a bullish engulfing pattern forms near key Fibonacci retracement levels (e.g., 61.8%) and when the 20-period and 50-period moving averages cross in a bullish manner. The exit is triggered when RSI enters overbought territory (above 70) or when price closes below the 50-period MA with increasing volume. Based on the current setup, this strategy may have yielded positive returns in the past 24 hours, particularly around 03:30–04:30 ET. If these conditions persist, traders may consider using this framework for future entries.