Market Overview for Across Protocol/Tether (ACXUSDT) – 24-Hour Analysis

• Price action showed a clear reversal pattern after a sharp decline, with a 15-minute bullish engulfing near 0.1176–0.1184
• Momentum, as measured by RSI and MACD, weakened throughout the 24-hour period, suggesting a potential consolidation phase
• Volatility expanded significantly in the latter part of the day with increased volume and large-range candles
• Turnover spiked during key reversal hours, particularly between 05:00–06:00 and 15:00–16:00 ET, supporting price action
• Key Fibonacci levels at 0.1186 (61.8%) and 0.1194 (38.2%) appear to be strong psychological pivots

The 24-hour chart for Across Protocol/Tether (ACXUSDT) opened at 0.1202 on 2025-10-05 12:00 ET and closed at 0.1245 on 2025-10-06 12:00 ET. The price reached a high of 0.1251 and a low of 0.1170. Total volume was 2,149,732.8 units, and notional turnover was 259.11 USDT.

The price action suggests a reversal pattern following a sharp decline from 0.1218 to 0.1176, followed by a rally that closed above the 0.1218 level. The 15-minute bullish engulfing pattern observed near 0.1180–0.1186, along with a volume spike during the reversal, indicates short-term strength. Price appears to be consolidating above a key 0.1194 Fibonacci retracement level, with 0.1213 and 0.1230 as potential resistance targets.

Structure & Formations

A key support area appears to be forming around 0.1180–0.1184, reinforced by a bullish engulfing pattern and increased volume. Resistance is likely at 0.1213 and 0.1230, with 0.1245 marking a recent high. A doji formed near 0.1203 at 12:45 ET, suggesting indecision before the final leg higher. The price has been trading within a descending triangle-like structure, with a breakout to the upside likely if 0.1245 is tested again.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in bullish alignment, crossing upward at 0.1188–0.1190. On the daily chart, the 50- and 100-period moving averages are converging, suggesting a potential shift in trend. The 200-period MA at 0.1198 appears to be acting as a strong support level, currently in the crosshair of a key consolidation phase.

MACD & RSI

MACD turned positive during the 05:00–07:00 ET timeframe, with a bullish crossover and increasing histogram strength. RSI dipped below 30 during the 04:15–05:30 ET window, indicating oversold conditions, followed by a strong rebound above 50. The current RSI at ~58 suggests moderate momentum, with no immediate signs of overbought conditions. The divergence between RSI and price in the 06:00–08:00 ET period could signal a continuation of the upward move.

Bollinger Bands

Bollinger Bands have expanded significantly in the last 6 hours, with price breaking above the upper band at 0.1245. This suggests a strong move with increased volatility. The middle band (20-period SMA) is currently at 0.1215, and the price has remained above it since 08:00 ET. A contraction in band width around 16:00–17:00 ET on the previous day preceded the breakout, a classic consolidation pattern.

Volume & Turnover

Volume spiked during the key 04:15–05:30 ET and 15:00–16:00 ET windows, with the largest volume candle at 15:15 ET (155,351 units). Turnover also increased significantly in the last 6 hours, confirming the breakout above 0.1239. A divergence in volume occurred during the 08:00–10:00 ET period where price moved higher but volume declined—this may suggest weakening momentum.

Fibonacci Retracements

Key Fibonacci levels from the 0.1176–0.1218 swing include 0.1186 (61.8%) and 0.1194 (38.2%), both of which were tested multiple times and appear to be critical pivot points. The 0.1209 level (50%) held briefly before the final leg higher. On the daily chart, a larger Fibonacci sequence from 0.1170 to 0.1251 suggests 0.1218 and 0.1239 as key resistance levels.

Backtest Hypothesis

Given the recent bullish reversal pattern and the alignment of moving averages, a potential backtesting strategy could involve a long entry on a close above 0.1186 with a stop loss below 0.1180. A target could be set at 0.1213, then 0.1230, based on Fibonacci levels and moving average alignment. This setup is reinforced by increased volume during the reversal and the MACD crossover during the rally phase. Testing this strategy over a 30-day period could provide insights into its effectiveness under similar market conditions.