Market Overview for Fusionist/Tether (ACEUSDT) on 2025-10-06

• ACEUSDT declines from a 24-hour high of 0.484 to a low of 0.461, closing at 0.471 amid mixed momentum.
• RSI and MACD signal waning upward momentum, with RSI in mid-range and MACD near neutral.
• Volatility expanded during key 15:00–18:00 ET range, with above-average turnover observed.
• Price remains above key support at 0.460, but short-term resistance at 0.480 remains intact.

Fusionist/Tether (ACEUSDT) opened at 0.473 on 2025-10-05 at 12:00 ET and closed at 0.471 on 2025-10-06 at the same time. The 24-hour range saw a high of 0.484 and a low of 0.461. Total volume was 899,814.0 and total turnover amounted to 340,108.0 USDT.

The price action over the past 24 hours reveals a complex narrative, with a bearish bias emerging in the midday hours. A sharp selloff occurred between 18:00–20:00 ET, with bearish engulfing patterns forming in the 15-minute timeframe. This was followed by a consolidation phase in the early hours of 2025-10-06, where the price found temporary support at 0.460. On the 20-period and 50-period moving averages, the 20 MA crossed below the 50 MA in the afternoon, signaling short-term bearish momentum.

Price action also showed a key doji formation at 0.460 in the early morning hours of 2025-10-06, which suggests a potential turning point. Volatility expanded during the 15:00–18:00 ET window, with Bollinger Bands widening and price touching the lower band at 0.464. RSI hovered between 50–60 for much of the session, suggesting neither strong bullish nor bearish momentum. However, a pullback below 0.464 could trigger further bearish moves.

Fibonacci retracements applied to the recent swing high (0.484) and swing low (0.461) highlight key levels to watch. The 38.2% retracement is at 0.479 and the 61.8% at 0.468, both of which could offer resistance and support, respectively. If the price breaks below 0.464, it may test deeper support near 0.458.

Backtest Hypothesis
The backtesting strategy involves entering a short position when the 20 MA crosses below the 50 MA and the RSI falls below 50, with a stop-loss at the nearest Fibonacci retracement level (0.468 in this case). The strategy aims to capture short-term bearish momentum while managing risk via tight stops. Over the past 24 hours, the conditions were met around 18:00 ET, and a short entry could have yielded a 1.3% gain by 03:00 ET the next day.