Market Overview: Across Protocol/Tether (ACXUSDT)

Summary
• Price consolidated in a range between $0.0492 and $0.0510 with key support at $0.0496 and resistance at $0.0508.
• Momentum weakened with RSI below 50, suggesting potential bearish pressure in the near term.
• Volatility surged during late ET hours, with volume spiking above 400,000, signaling increased market participation.
• A bullish engulfing pattern formed at $0.0506–$0.0508 during the 19:15–19:30 ET period, signaling short-term reversal potential.
• Bollinger Bands showed a modest expansion late in the session, indicating a shift from consolidation to potential breakout conditions.

Across Protocol/Tether (ACXUSDT) opened at $0.0505 on 2025-12-15 at 12:00 ET, reached a high of $0.0510, a low of $0.0492, and closed at $0.0499 on 2025-12-16 at 12:00 ET. Total 24-hour volume was 6.2M ACX, with $314.6K notional turnover.

Structure & Formations

Price action showed multiple attempts to reclaim key resistance levels at $0.0508–$0.0510 but failed to hold. The strongest support appears to be forming at $0.0496–$0.0498, which held during multiple pullbacks. A bullish engulfing pattern was observed during 19:15–19:30 ET near $0.0506–$0.0508, suggesting a short-term reversal attempt.

Moving Averages

On the 5-minute chart, the 20 and 50-period SMAs crossed multiple times during volatile periods, indicating high market noise. The 50-period SMA at $0.0502 acted as a temporary floor, while the 20-period SMA at $0.0506–$0.0507 functioned as a resistance.

Momentum & Volatility

RSI fell below 50 during the final hours of the session, signaling weakening bullish momentum. MACD showed bearish divergence with a shrinking histogram and a flattening line. Volatility, as measured by Bollinger Band expansion, increased after 19:30 ET, coinciding with a sharp volume spike.

Volume & Turnover

Turnover surged to over $1.5M during the 01:15–01:30 ET period, corresponding to a sharp decline in price. Volume and turnover aligned with price during this drop, suggesting a genuine bearish move. Divergence was observed around 03:30–04:00 ET when price moved up slightly despite declining volume, hinting at a potential false recovery.

Fibonacci Retracements

Recent 5-minute swings showed a 61.8% retracement level at $0.0496–$0.0498, where price found repeated support. On the daily chart, a key 50% retracement level at $0.0501 was tested multiple times, with mixed results.

Price may test $0.0492 as a deeper support level or attempt a rebound from $0.0496. Traders should remain cautious of increased volatility and potential false breakouts. A drop below $0.0492 could trigger a stronger bearish reaction, while a close above $0.0508 may rekindle bullish momentum.