Market Overview for Acala Token/Tether (ACAUSDT)

Summary
• Price dipped to a 24-hour low of $0.0160 before a partial rebound on Thursday.
• Volatility increased as price swung between $0.0160–$0.0164 with moderate volume.
• Bearish momentum visible in RSI and MACD, but no strong overbought or oversold signals.
• Bollinger Bands expanded, suggesting a potential consolidation period.
• Backtest analysis shows weak signal strength for Bearish Engulfing patterns in short-term trading.

Opening Snapshot

Acala Token/Tether (ACAUSDT) opened at $0.0163 on 2025-11-12 at 12:00 ET and reached a high of $0.0164 before falling to a low of $0.0160. At 12:00 ET on 2025-11-13, the price closed at $0.0163. Over the 24-hour period, total volume traded amounted to 6,386,369.50 ACA with a notional turnover of $101,917.15.

Structure and Candlestick Patterns

The 24-hour period showed bearish tendencies with several bearish engulfing and dark cloud cover patterns, especially between 19:30 ET and 20:30 ET. These patterns suggest short-term weakness. A key support level appears to be forming around $0.0160, while resistance is in the $0.0164 range.

Moving Averages and Momentum

Short-term moving averages (20/50) on the 15-minute chart have converged slightly above the current price, indicating a possible pullback toward the mean. On the daily chart, 50/100/200-day averages are flat to slightly downward, aligning with the bearish pressure. MACD remains in negative territory with a declining histogram, while RSI hovers in neutral-to-mildly overbought territory (~58–62), suggesting the price may consolidate.

Volatility and Volume

Price volatility increased in the evening hours as the range expanded to $0.0004. The largest volume spike occurred at 19:30 ET, during which ACAUSDT traded 714,329.44 tokens. Notional turnover also rose in tandem with price action, showing no divergence between volume and price, which adds credibility to the bearish bias.

Fibonacci Retracements and Bollinger Bands

Applying Fibonacci levels to the 24-hour swing, the current price sits near the 38.2% retracement level from the high of $0.0164 and low of $0.0160. Bollinger Bands have widened, indicating increased volatility, with the price hovering near the lower band for part of the session, signaling potential oversold conditions that may not trigger a strong reversal.

Backtest Hypothesis

The bearish engulfing pattern, while visually compelling, has shown limited reliability in ACAUSDT over the past three years. With a mean return of -0.18% and a 43% win rate over a 1-day holding period, the pattern lacks a statistically significant edge. These results highlight the importance of combining multiple signals—such as volume, RSI, and volatility indicators—to improve the robustness of a short-term bearish strategy.