Market Overview for Across Protocol/Tether (ACXUSDT)

• ACXUSDT closed lower at 0.1307 from 0.1319, with a 24-hour low of 0.1271 and a high of 0.1315.
• RSI and MACD indicate bearish momentum, with price testing lower support zones.
• Volatility expanded early in the session but has since consolidated in a narrower range.
• Downtrend appears confirmed by strong rejection at 0.1315 and a breakdown below key 0.13 support.
• Turnover surged during the 23:30–00:15 window, coinciding with a sharp selloff to 0.1282.

Across Protocol/Tether (ACXUSDT) opened at 0.1319 on 2025-09-19 12:00 ET, reached a high of 0.1327 and a low of 0.1271, and closed at 0.1307 by 12:00 ET on 2025-09-20. The 24-hour trading session saw a total volume of 3,131,006.3 and turnover of $413,003.42. Price action reflected bearish sentiment with a strong breakdown below 0.1300 and a failed attempt to retest that level later.

Structure & Formations

The 15-minute chart reveals a breakdown from a key horizontal support zone near 0.1300, which had previously acted as a pivot level. A long-bodied bearish candle at 0.1297–0.1293 on 09/20 02:15 ET confirmed the breakdown. A potential bullish reversal pattern emerged at 0.1290–0.1305 on 09/20 11:45–12:15 ET, but failed to close above 0.1300. Key support levels now include 0.1283 (tested during the early selloff) and 0.1278, with resistance at 0.1295 and 0.1301.

Moving Averages

On the 15-minute chart, price closed below both the 20-EMA and 50-EMA, confirming a short-term downtrend. The 50-EMA currently sits at ~0.1303, and the 20-EMA at ~0.1298. On the daily chart, the 50-DMA is at 0.1310, and the 100- and 200-DMA at 0.1308 and 0.1292 respectively. Price is now below the 50-DMA, suggesting a potential continuation of the bearish bias.

MACD & RSI

MACD turned negative in the early hours of the session and maintained bearish momentum, with the histogram widening as price moved lower. The RSI has entered oversold territory (around 30), but lacks follow-through bullish volume, suggesting further bearish pressure may follow. A divergence between price and RSI suggests some accumulation may occur at these levels, though a break below 0.1278 could invalidate the short-term bottoming pattern.

Bollinger Bands

Volatility expanded during the overnight selloff, with price falling to the lower band at 0.1278–0.1282. By midday, volatility had contracted, and price has traded within a tighter range. This suggests a potential consolidation phase, with the upper band currently at 0.1305. A break above the upper band would indicate a potential bounce, but the current bearish trend remains intact unless a strong breakout occurs.

Volume & Turnover

Volume surged between 23:30 and 00:15 ET, coinciding with the breakdown below 0.1300. This was the highest 15-minute turnover of the session. Subsequent volume has remained elevated but not at the same level, suggesting that the initial wave of selling may have been exhausted. However, volume has remained weak during attempted rallies, indicating a lack of bullish conviction.

Fibonacci Retracements

Applying Fibonacci to the 0.1327–0.1282 swing on 09/20 23:30–00:15 ET, the 38.2% retracement is at 0.1304, and the 61.8% at 0.1296. Price briefly reached 0.1296 before consolidating. The 50% level at 0.1299 has acted as a minor resistance. On the daily chart, key Fibonacci levels for the broader move from 0.1327 to 0.1278 include 0.1295 (61.8%) and 0.1306 (38.2%).

Backtest Hypothesis

The backtest strategy described involves a trend-following approach where a short position is triggered on a close below the 20-EMA on the 15-minute chart, confirmed by a volume spike and a bearish reversal candle. A stop-loss is placed above the recent swing high, and a take-profit is set at the 61.8% Fibonacci level of the most recent swing. This aligns with today’s price action, where the breakdown below the 20-EMA and volume spike at 23:30 ET provided a clear signal. The 61.8% level at 0.1296 was indeed reached before consolidation began, validating the strategy’s potential in this environment. However, given the current RSI reading in oversold territory, a pullback into the 0.1290–0.1300 range could offer a reversal opportunity.