Market Overview for Acala Token/Tether (ACAUSDT) on 2025-10-11

• Price opened at $0.0243 and dropped to a 24-hour low of $0.0173 before recovering to close at $0.0186 near the final hour.
• A sharp bearish breakdown occurred midday, reaching $0.0065, followed by a consolidation phase and a modest rebound.
• Volume spiked during the sharp decline but has since stabilized, while turnover remained elevated due to the price drop.
• RSI suggested oversold conditions in the afternoon, signaling potential for a short-term bounce.
• The 15-minute chart showed a bullish engulfing pattern near the close, suggesting possible reversal.

Acala Token/Tether (ACAUSDT) opened at $0.0243 on 2025-10-10 at 12:00 ET, reaching a high of $0.0243 and a low of $0.0065 before closing at $0.0186 at 12:00 ET on 2025-10-11. The 24-hour volume was approximately 208,897,597.29 units, with a total notional turnover of $3,835.48. The sharp midday decline triggered a bearish correction, followed by a modest recovery and signs of possible short-term reversal.

Over the past 24 hours, ACAUSDT exhibited a clear bearish breakdown around 16:00 to 18:00 ET, reaching a low of $0.0065, which marked a potential key support level. A subsequent consolidation phase began around $0.0175–$0.0185, where the price found temporary stability. A bullish engulfing pattern emerged near the 15-minute candle at 11:45 ET, suggesting a short-term reversal and possible buying pressure. However, the overall trend remains bearish, with price still below the 20- and 50-period moving averages on the 15-minute chart.

The RSI dipped into oversold territory around 0.0173–0.0175, indicating potential for a rebound. However, the MACD showed a weakening bullish signal, suggesting that upward momentum may not be sustained. Bollinger Bands reflected a period of volatility expansion during the midday drop and have since narrowed, signaling a possible period of consolidation. The price has remained within the bands since the 15:00 ET time frame, suggesting limited short-term directional bias.

Fibonacci retracements drawn from the 16:00 ET low of $0.0065 to the 19:45 ET high of $0.0236 indicate that the current level of $0.0186 is near the 61.8% retracement, which could act as a temporary resistance or support depending on volume and order flow. Given the volume contraction and the price hovering near key Fibonacci levels, traders may want to monitor the $0.0185–$0.0187 range closely for potential breakouts or reversals.

Backtest Hypothesis

The backtesting strategy described involves a combination of RSI, MACD, and Fibonacci retracement levels to identify potential reversal and continuation patterns. In the context of ACAUSDT’s 24-hour move, a hypothetical strategy might involve entering a long position when the RSI exits oversold territory and the MACD histogram turns positive, particularly if the price is near a key Fibonacci retracement level (e.g., 61.8% at $0.0186). A stop-loss could be placed below the recent swing low at $0.0173, with a target near the 78.6% retracement at $0.0215. A short-term trade using this setup would aim to capture the rebound in a consolidating market with clear technical signals.