Market Overview for Across Protocol/Tether (ACXUSDT)

• ACXUSDT fell to a 24-hour low of $0.0816 before stabilizing near $0.0838 in the final hour.
• Volatility spiked in the early hours of the session, with a sharp 43% drop from peak to trough.
• Momentum weakened on bearish RSI divergence, but recent volume suggests stabilizing demand.
• Price is consolidating near key Fibonacci levels and a potential bullish reversal pattern.
• Bollinger Bands show a tightening phase earlier in the session, followed by a breakout to the downside.

The 24-hour period for ACXUSDT began at $0.1085 and closed at $0.0838 by 12:00 ET on 2025-10-11. The pair reached a high of $0.1097 and a low of $0.048. Total trading volume for the session was 91,304,438.8 units, with a notional turnover of approximately $7,223,302. The price action reflected a strong bearish bias after 19:30 ET, with a steep decline and limited recovery in the final hours.

Structure & Formations

Price tested key support levels multiple times throughout the session, with a sharp breakdown below $0.105 triggering a rapid descent. A key bearish reversal pattern emerged around 21:15 ET, marked by a long upper shadow and a close near the session low. Later, at 02:30 ET, a small bullish engulfing pattern suggested short-term buying interest, but it failed to sustain momentum. A tight doji at 04:45 ET confirmed indecision and hinted at potential consolidation ahead.

Moving Averages

On the 15-minute chart, the price has been trading below both the 20 and 50-period moving averages, with the 50SMA acting as a dynamic resistance. This suggests a bearish bias in the short term. On the daily chart, the 50DMA and 200DMA are converging, indicating a potential pivot point ahead. The 100DMA offers a critical level that the price may test in the next 24 hours for a potential reversal or continuation.

MACD & RSI

The MACD turned bearish after 19:30 ET, confirming the downward momentum shift. RSI dropped into oversold territory during the sharp decline, but failed to trigger a rebound, signaling potential exhaustion in the bearish move. A divergence between price and RSI in the final two hours suggests a potential near-term bottoming process, although confirmation is needed above $0.0835.

Bollinger Bands

Volatility expanded during the early part of the session, with price breaking below the lower band at $0.048, a strong bearish signal. The subsequent consolidation brought the price back within the bands, but near the lower boundary, indicating continued pressure. A tightening phase was observed from 20:00 to 21:00 ET before the breakout, which may suggest a false recovery ahead of further bearish action.

Volume & Turnover

Volume surged during the steep decline, particularly between 19:30 and 20:15 ET, where it averaged over 2 million units per 15-minute interval. However, turnover dropped significantly after 00:00 ET despite increased volume, hinting at declining buying pressure. A divergence between volume and price in the last four hours may indicate a possible reversal, but more confirmation is needed before taking a long bias.

Fibonacci Retracements

The 61.8% Fibonacci level of the $0.1097–$0.048 swing is at $0.0835, which coincides with the recent consolidation. A potential bounce or breakdown at this level could confirm a near-term reversal or continuation. On the daily chart, the 38.2% retracement of the recent weekly move sits at $0.0842, a level that may see renewed demand in the coming 24 hours.

Backtest Hypothesis

A backtest strategy based on a combination of Fibonacci retracement levels and RSI divergence may offer valuable entry points for traders. For instance, a long setup could be triggered on a close above the 61.8% level ($0.0835) coupled with a bullish RSI divergence. Conversely, a short entry could be considered on a breakdown below the 50-period moving average, confirmed by a bearish MACD crossover. This hybrid approach may improve risk-reward profiles by using price action and momentum indicators in tandem.