Acala Token Surges Then Fails — Bearish Divergence Emerges

Summary
• Price surged to 0.0054 before retracing to 0.0046, forming a bearish divergence with volume.
• RSI and MACD signaled overbought conditions mid-day, followed by a rapid unwind.
• Bollinger Bands showed a sharp volatility expansion during the 19:30 ET breakout.
• Notional turnover spiked over $280k during the intraday high, suggesting strong short-term interest.

Acala Token/Tether (ACAUSDT) opened at 0.0034 on 2026-02-06 12:00 ET, reached a high of 0.0054, and closed at 0.0046 by 12:00 ET on 2026-02-07. The total 24-hour volume amounted to 682,989,864.19 with a notional turnover of $281,856.75.

Structure & Formations

The price action displayed a strong bullish impulsion from 19:30 to 20:45 ET, forming a sharp ascending wedge that eventually broke downward. A bearish engulfing pattern emerged at 0.0053, signaling a potential reversal. Key support levels were identified around 0.0044 and 0.0041, where the price found temporary relief multiple times.

Momentum & Volatility

RSI peaked above 75 during the intraday high, entering overbought territory, which was followed by a rapid sell-off. MACD showed a bearish crossover as positive momentum faded. Bollinger Bands expanded significantly during the breakout phase, indicating heightened volatility, but later contracted, suggesting a possible consolidation phase ahead.

Looking Ahead

ACAUSDT may test key support at 0.0041 before either bouncing or breaking lower toward 0.0038–0.0034. A retest of the 0.0046–0.0047 range could offer a short-term counter-trend opportunity, but investors should remain cautious of further downside in the event of a breakdown.