Acala Token/Tether Market Overview (ACAUSDT)

• ACA/USDT declined from 0.0290 to 0.0259 over the 24-hour window, closing with bearish momentum.
• RSI and MACD signaled bearish divergence and oversold conditions, while volume increased during the downturn.
• A strong bearish channel and key support levels emerged around 0.0260–0.0259 after a sharp 6% pullback.
• Price tested lower Bollinger Band levels, indicating low volatility and possible consolidation ahead.
• Volume distribution showed a heavy sell-off during the late ET hours, with minimal follow-through buying.

Acala Token/Tether (ACAUSDT) opened at 0.0289 at 12:00 ET-1 and traded between 0.0290 and 0.0259 before closing at 0.0259 at 12:00 ET. The total traded volume was 63,671,985.85, while notional turnover reached $1,659,767. The pair experienced a bearish reversal after a sharp sell-off in the early hours of 2025-09-22.

Structure & Formations

The 24-hour OHLCV data revealed a bearish breakdown from 0.0289 to 0.0259, forming a strong descending channel. Key support levels emerged at 0.0260–0.0259, with multiple 15-minute candles testing these levels. A bearish engulfing pattern appeared at 0.0262 as sellers overwhelmed buyers. The most notable bearish signal came at 0.0272 with a long lower shadow, indicating rejection of higher prices.

Moving Averages

On the 15-minute chart, ACA/USDT closed below both the 20-period and 50-period moving averages, confirming the bearish bias. The price was also below the 50-period daily moving average, reinforcing the medium-term downward trend. The 200-day MA at 0.0278 serves as a critical long-term resistance.

MACD & RSI

The RSI dropped below 30, indicating oversold territory, while the MACD showed bearish divergence with a falling histogram. The bearish crossover in the MACD line below the signal line signaled further downward momentum. However, the RSI’s failure to recover into neutral territory suggests potential for a rebound, though the odds of a reversal are currently low.

Bollinger Bands

Price action settled near the lower Bollinger Band, reflecting low volatility and bearish consolidation. A narrowing of the bands earlier in the session suggested a potential breakout, but the move was decisively bearish. If the price continues to trade near the lower band, traders should watch for a potential bounce or a deeper test of support at 0.0252.

Volume & Turnover

Volume and turnover spiked during the sell-off between 01:00–06:00 ET, with a massive 8,656,426.52 volume candle at 06:00 ET pushing the price to 0.0266. Turnover during this period confirmed the strength of the bearish move. However, volume declined sharply after 09:00 ET, signaling a lack of follow-through selling and potential near-term exhaustion in the downtrend.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing high at 0.0289 and low at 0.0259, the 0.0265 (38.2%) and 0.0261 (61.8%) levels represent key potential turning points. The price has failed to hold above 0.0261, increasing the likelihood of a test of 0.0259 and possibly 0.0252 in the coming 24 hours.

Backtest Hypothesis

The observed bearish momentum and volume divergence suggest a potential shorting opportunity with a stop above the 0.0262 resistance level. A test of 0.0259 as support could confirm the strength of the trend, with a target at 0.0252. The low RSI and bearish engulfing pattern provide a strong setup for trend-following strategies. If confirmed by a break below 0.0259 with strong volume, the bias is for further downside with a risk of extended bearish momentum if the 0.0252 level fails.