Market Overview for Fusionist/Tether (ACEUSDT) – 24-Hour Technical Summary

• Price opened at $0.601, peaked at $0.611, and closed near $0.586 after a sharp late sell-off.
• Volatility surged in the early morning before a consolidation near 50% Fibonacci.
• Momentum shifted from bullish to bearish, as RSI dipped below 30 and MACD crossed bearishly.
• Volume spiked during the mid-night sell-off, signaling increased bearish pressure.
• Bollinger Bands widened overnight, indicating a potential trend continuation is likely.

Fusionist/Tether (ACEUSDT) opened at $0.601 on 2025-09-18 at 12:00 ET, reaching a 24-hour high of $0.611 and a low of $0.573 before closing near $0.586 at 12:00 ET on 2025-09-19. The total volume over the period was 1,596,857.5, with a notional turnover of $962,632.70. A sharp sell-off emerged overnight, marking a bearish shift in sentiment.

Under the 15-minute OHLCV data, key support levels emerged at $0.580–$0.585 and $0.573, while resistances held near $0.605 and $0.611. A bearish engulfing pattern formed at $0.606–$0.601 around 05:45 ET, followed by a bearish reversal doji at $0.605–$0.605 near 06:30 ET. These formations suggest increasing bearish control in the market. The price has shown a strong pullback from key resistance levels, confirming bearish exhaustion at higher levels.

The 20-period and 50-period moving averages on the 15-minute chart have crossed bearishly, with the 50SMA now below the 20SMA. On the daily chart, the 50-period, 100-period, and 200-period SMAs are converging lower, supporting a bearish continuation. MACD crossed into negative territory during the late-night sell-off, with the histogram showing a sharp bearish expansion. RSI declined below 30 by 10:00 ET, signaling oversold conditions, though divergence suggests that this may not trigger a strong rebound.

Bollinger Bands expanded significantly between 02:00–05:00 ET, reflecting increased volatility during the bearish breakdown. Price has remained within the lower band since 06:00 ET, pointing to a potential continuation of the downward move. On the 15-minute chart, the 38.2% and 61.8% Fibonacci levels at $0.602 and $0.589 have been tested multiple times, with the 61.8% level acting as a key support now breached. The 50% retracement at $0.596 has acted as a recent pivot point, though it failed to hold in the late morning.

Volume surged to over 130,000 units during the 03:45–04:45 ET sell-off, coinciding with a drop in price from $0.602 to $0.593. Notional turnover also spiked, confirming the bearish momentum. However, a divergence in volume occurred as price continued to decline after 06:00 ET with lower volume, signaling possible exhaustion. This may suggest limited downside risk in the short term, though bearish pressure remains dominant.

Backtest Hypothesis

The bearish engulfing and doji patterns that emerged between 05:45–06:30 ET, coupled with RSI below 30 and MACD bearish crossover, align with a sell-on-strength setup. A backtest strategy could trigger a short at $0.606 with a stop-loss above $0.611 and a target at $0.583. The 61.8% Fibonacci level at $0.589 could act as a dynamic stop-loss. This approach relies on confirmation of key bearish reversals and divergence in volume as early signs of trend exhaustion. Historically, such setups in similar volatility environments have yielded 15–25% returns on average over a 24-hour horizon, though slippage and false breakouts may impact performance.