Market Overview for Across Protocol/Tether (ACXUSDT) — 2025-10-12

• Price declined 8.6% in 24 hours, hitting a low of $0.0773 before partial recovery.
• Strong volume spikes occurred during the steep decline, indicating heightened selling pressure.
• A bearish engulfing pattern formed near the 24-hour high, signaling potential bearish momentum.
• RSI approached oversold levels near 30, suggesting short-term undervaluation.
• Price remains below 20-period SMA, indicating bearish bias on the 15-min chart.

The Across Protocol/Tether pair (ACXUSDT) opened at $0.0844 on 2025-10-11 at 12:00 ET, surged to a high of $0.0847, then fell to a low of $0.0773, and closed at $0.0792 on 2025-10-12 at 12:00 ET. Total trading volume over the 24-hour period reached approximately 10.8 million units, with a notional turnover of $871,000. The price action reflects a bearish bias with several key bearish and consolidation patterns emerging.

Structure & Formations

Price formed a bearish engulfing pattern near the high of $0.0847, indicating a reversal from bullish to bearish sentiment. This was followed by a period of consolidation and a sharp sell-off to $0.0773, which appears to be a new short-term support level. A key support zone can be identified between $0.0773 and $0.0775, with resistance forming at $0.0785–$0.0788. A doji formed near $0.0792–$0.0793 on the 15-min chart, signaling indecision and potential exhaustion in the current rally.

Moving Averages

On the 15-minute chart, the price remains below the 20-period and 50-period moving averages, which have acted as bearish guides over the last 24 hours. The 50-period SMA is currently around $0.0804, and the 20-period SMA is at approximately $0.0812, both above the current price. On the daily chart, the 50, 100, and 200-period moving averages are not explicitly provided but can be inferred to be above the 24-hour close, reinforcing the bearish trend.

MACD & RSI

The MACD line turned negative after the steep selloff, with a bearish crossover and a declining histogram, indicating fading bullish momentum. The RSI dipped into oversold territory, reaching as low as 29 during the selloff, suggesting a potential short-term bounce. However, the RSI remains below 50, which implies the downtrend is still in play unless a strong reversal forms.

Bollinger Bands

Volatility expanded sharply during the selloff, with price breaking below the lower Bollinger Band near $0.0773. Since then, volatility has slightly contracted, and price remains near the lower band, suggesting continued bearish pressure. A return above the 20-period SMA and the upper band could signal a short-term reversal.

Volume & Turnover

Volume surged during the selloff from $0.0841 to $0.0773, with a 15-minute candle on 2025-1011 193000 showing a volume of 367,051.6 units and a price drop of 13%. This confirms strong selling pressure during that period. Notional turnover also spiked during this time, aligning with the price drop and reinforcing the bearish move. The most recent candles show reduced volume but higher price stability, indicating a possible consolidation phase.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key bearish move from $0.0847 to $0.0773, the 38.2% level is at approximately $0.0814 and the 61.8% level is around $0.0791. The 61.8% retracement level has provided some resistance, with price hovering near that area during the last 15–30 minutes. A sustained break above $0.0791 could signal a short-term bounce, but a retest of the 38.2% level would likely be necessary for further confirmation.

Backtest Hypothesis

The proposed backtesting strategy involves entering a long position when price closes above the 61.8% Fibonacci retracement level and the 20-period SMA on the 15-min chart, with a stop-loss placed below the most recent consolidation support. Given the current setup, a potential entry could occur if price remains above $0.0791 and shows a confirmed close above the 20-period SMA. The trailing stop would aim to lock in profits during a potential bounce, while the stop-loss would manage downside risk if the trend resumes lower. This approach aligns with the current Fibonacci and moving average structure, suggesting a possible short-term reversal opportunity.