Market Overview for Across Protocol/Tether (ACXUSDT)

• Price fluctuated between 0.0789 and 0.0879, with a close near 0.0817
• A Morning Star pattern emerged around 0.081, suggesting a short-term bullish reversal
• Volume surged after the 0.081 level, confirming buying interest
• RSI and MACD hinted at overbought conditions during the day’s peak

Opening Summary and Key Metrics

Across Protocol/Tether (ACXUSDT) opened at 0.0846 on 2025-10-13 at 12:00 ET, reached a high of 0.0879, and closed at 0.0817 at 12:00 ET on 2025-10-14. Total trading volume over the 24-hour period was approximately 12.4 million, with a notional turnover of around $1.05 million.

Structure & Formations

ACXUSDT experienced a sharp decline from 0.0879 to 0.0789, followed by a moderate rebound. The price found support at 0.081–0.082, marked by a Morning Star pattern and a bullish engulfing pattern during the early hours of the next day. These formations suggest potential short-term bullish momentum. Resistance appears to be forming at 0.085–0.086, while support remains firm near 0.080–0.081.

Moving Averages and Bollinger Bands

On the 15-minute chart, the 20-period moving average crossed above the 50-period MA in the late afternoon, signaling a potential short-term bullish bias. Bollinger Bands showed expansion during the initial price drop, followed by contraction in the later part of the day, indicating decreasing volatility. Price closed near the lower band during the early recovery, reinforcing the idea of oversold conditions.

MACD and RSI Signals

The MACD histogram turned positive during the morning and late afternoon, confirming bullish momentum. RSI oscillated between overbought and oversold levels, dipping to 28 at 0.0789 and reaching 62 during the morning rebound. These readings suggest the market is correcting after the initial sell-off, with potential for a short-term bounce.

Volume and Turnover Divergence

Volume spiked to over 1.6 million around the 0.081 level, coinciding with the Morning Star pattern. This surge in volume validates the reversal signal. Notional turnover mirrored the volume, with higher activity during the morning and early evening. Price and turnover moved in alignment, indicating strong conviction among traders.

Fibonacci Retracements

Fibonacci levels from the 0.0789 low to the 0.0879 high show 0.0833 (38.2%) and 0.0854 (61.8%) as key levels to watch. The current price near 0.0817 is below the 38.2% level, suggesting the market could test these retracement levels if bullish momentum continues. A break above 0.0833 may set up a test of 0.0854, while a retest of 0.080 could trigger further short-term bearish action.

Backtest Hypothesis

Given the recurring appearance of bullish candlestick patterns like the Morning Star and Bullish Engulfing during this 24-hour period, it is worth evaluating a short-term strategy based on these setups. With the current limitations of the back-testing engine, we propose a daily approximation approach. That is, if a pattern appears on a given day, we would enter at the next day’s open and exit at the close of that day. This approach allows us to test the effectiveness of using these candlestick signals in ACXUSDT, using a holding period that simulates short-term trading behavior with the data we can access.