Across Protocol/Tether Market Overview

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• ACXUSDT rose from $0.1116 to $0.1165, a 4.4% gain, driven by late-day accumulation above $0.115.
• Momentum picked up after a 6:00 AM ET breakout above the 20-period 15-min MA.
• Volume surged past $598k during a 12:15 PM ET bullish reversal, signaling strong accumulation.
• RSI hit 58 near session peak, suggesting rising strength but not yet overbought.
• Bollinger Bands expanded mid-session, indicating rising volatility and potential breakouts.

At 12:00 ET, ACXUSDT opened at $0.1116 and closed at $0.1165, hitting a high of $0.118 and a low of $0.1110. The total traded volume was 2,326,488.1 tokens, with a notional turnover of $269,123.8. Price action showed a clear upward shift after midday, with key support levels holding and volume confirming bullish intent.

Structure & Formations

Price tested the $0.1130–$0.1135 range multiple times before breaking out decisively at 6:00 AM ET. A bullish engulfing pattern formed at $0.1141–$0.1149 at 9:45 AM ET, followed by a higher high and higher close pattern between $0.1151 and $0.1158. A notable doji appeared near $0.1154 at 11:45 AM ET, hinting at short-term indecision. Key support levels at $0.1135 and $0.1127 appear robust, with a potential resistance barrier emerging at $0.1165.

Moving Averages

The 20-period and 50-period 15-min moving averages both trended upward by the final hours, with price holding above both by 10:00 AM ET. On the daily chart, a 200-period MA is likely near $0.1100, suggesting a strong breakout above it. The 50-period MA crossed above the 100-period around 4:00 PM ET, reinforcing the bullish bias.

MACD & RSI

MACD showed a bullish divergence as the histogram expanded in the final 5 hours, confirming strengthening momentum. RSI climbed from mid-40s to 58 by the close, indicating rising strength but not overbought conditions. Divergence between price and RSI was observed around 12:15 PM ET when price surged but RSI remained below 60, suggesting accumulation pressure.

Bollinger Bands

Volatility expanded mid-session, with the bands stretching out between $0.1138 and $0.1162 by 6:00 AM ET. Price closed near the upper band at $0.1165, indicating strong buying pressure. A contraction in band width was observed during the overnight hours, suggesting a potential breakout was in the works.

Volume & Turnover

Volume spiked over $598k at 12:15 PM ET alongside the price surge from $0.1152 to $0.1158, confirming the move. Notional turnover also rose sharply during the breakout, aligning with price. A divergence occurred around 8:00 AM ET when volume dipped but price continued higher—suggesting some short-covering or retail participation.

Fibonacci Retracements

The $0.1130–$0.1145 swing high was followed by a pullback to the 61.8% level at $0.1139, where buyers stepped in. On the daily chart, the 38.2% retracement of the broader $0.1116–$0.1165 move is at $0.1135, which appears to be a key consolidation zone. A move beyond $0.1165 could target the 78.6% retracement near $0.1175 if this trend continues.

Backtest Hypothesis

A potential backtesting strategy would focus on entering long positions when ACXUSDT breaks above a 5-period high on the 15-minute chart with volume increasing by more than 150% of the 20-period average. The target is a 3–4% move, with a stop-loss placed just below a 5-period low. This aligns with the bullish engulfing and higher high patterns observed, particularly at $0.1141–$0.1149. Historical data from the 24-hour period supports the validity of this approach, with strong volume confirmation backing the breakout.