Market Overview: Across Protocol/Tether (ACXUSDT)

Summary
• ACXUSDT found key support near 0.0538–0.0542 before rallying to 0.0560.
• Price closed near 0.0551 after sharp consolidation and failed bearish attempts.
• Volume spiked on 21:30–22:00 ET breakout to 0.0560, later easing.
• RSI and MACD suggest overbought levels, hinting at near-term pullback potential.
• Bollinger Bands show recent volatility expansion, with price near upper band on key rally.

Across Protocol/Tether (ACXUSDT) opened at 0.0538 on 12:00 ET–1 and reached a high of 0.0560, finding support near 0.0542 before closing at 0.0551 on 12:00 ET. Total volume reached 826,383.3, with notional turnover amounting to ~89,431 units over 24 hours.

Structure & Formations

The price formed a bullish engulfing pattern during the 21:30–21:45 ET window, signaling a reversal from a short-term bearish trend. A key support level was identified between 0.0538 and 0.0542, where price bounced off multiple times. A 61.8% Fibonacci retracement of the 0.0542–0.0560 move aligns with 0.0550, which was narrowly missed at close.

Moving Averages and MACD

On the 5-minute chart, price closed above the 20-period and 50-period moving averages, confirming a short-term bullish bias. The MACD crossed above the signal line and remained in positive territory, indicating sustained buying momentum.

RSI and Bollinger Bands

The RSI reached overbought territory (75–80) during the 21:30–22:30 ET rally, suggesting a potential correction.

Bollinger Bands showed a recent volatility expansion, with price near the upper band during the 21:30–22:00 ET move. This points to heightened risk of a mean reversion to the mid-band (0.0550–0.0555).

Volume and Turnover

Volume spiked during the 21:30–22:00 ET window, confirming the strength of the breakout to 0.0560. However, volume waned in the subsequent hours, indicating a potential exhaustion of bullish momentum. Turnover aligned with price action, but no clear divergence was observed between the two.

Looking ahead, ACXUSDT appears to face near-term pressure at key Fibonacci levels and RSI overbought thresholds. A retest of the 0.0550–0.0552 range is likely in the next 24 hours, with a potential pullback to the 0.0544–0.0548 range if sellers gain control. Investors should closely monitor volume during consolidation phases for confirmation of directional bias.