Fusionist/Tether (ACEUSDT) Market Overview on 2025-11-08

• Price declined to 0.277 amid bearish momentum.
• RSI and MACD showed weakening bullish signals.
• Volume spiked during late-night sell-off.
• 24-hour range capped at 0.28–0.295.
• Short-term support appears near 0.277, resistance at 0.294.

Fusionist/Tether (ACEUSDT) opened at 0.276 on 2025-11-07 at 12:00 ET and reached a high of 0.296 before closing at 0.283 on 2025-11-08 at 12:00 ET. The pair traded between 0.277 and 0.296, with total volume of 15,524,148.4 and a notional turnover of $4,489,818.60 over the 24-hour window. The price action has shown a bearish bias, especially in the overnight session, where a sharp decline reversed earlier gains.

On the 15-minute chart, key support appears near 0.277, marked by a clustering of consolidation bars and a significant bearish reversal candle at the 00:15 ET time frame on 2025-11-08. Resistance remains intact around 0.294–0.296, where price tested multiple times earlier in the session but failed to hold. A doji-like candle at 0.283–0.284 during the 22:45–23:00 ET period on 2025-11-07 suggests indecision, possibly preceding the sharp selloff.

The 20-period and 50-period moving averages on the 15-minute chart have been trending downward, aligning with the bearish bias. On the daily chart, the 50, 100, and 200-day MAs are converging to the downside, which could signal a continuation of the bearish trend. RSI has dipped below 40, indicating weakening momentum, and may test oversold territory near 30. MACD has crossed below the signal line, reinforcing the bearish signal.

Bollinger Bands have shown a moderate contraction during mid-session, followed by a sharp expansion during the selloff. The price currently sits near the lower band, suggesting potential for a bounce or continuation of the decline, depending on volume and order flow. The Fibonacci 38.2% retracement level at 0.279 and the 61.8% level at 0.271 may provide near-term support levels for a potential rebound.

The 24-hour volume spiked significantly during the overnight selloff, particularly between 00:00–01:00 ET on 2025-11-08, with a notional turnover of over $200,000 in that hour. While the price dropped by nearly 3%, the volume during the decline appears to confirm the bearish sentiment rather than showing signs of divergence. The afternoon trading session saw moderate volume and a retest of key support levels without a clear reversal signal.

Looking ahead, the market may consolidate near the 0.277–0.28 level for the next 24 hours, with a possible attempt to break below if bearish momentum continues. A close above 0.294 could rekindle short-term bullish sentiment but is currently unlikely without a significant catalyst. Investors should monitor the 20-EMA on the 15-minute chart for a potential re-entry signal or for signs of a reversal candle forming near the 0.277 level.

Backtest Hypothesis
The described backtesting strategy—focusing on a 3-day holding period after a Bullish Engulfing pattern—aligns with the technical indicators used in this analysis, such as RSI, MACD, and Fibonacci retracements. The Bullish Engulfing pattern is typically identified when a large bullish candle follows a smaller bearish one, suggesting a potential reversal. Given the bearish momentum observed today, the formation of a Bullish Engulfing pattern near a Fibonacci support level (e.g., 0.279) would be a critical signal for a potential short-term reversal. A backtest using this pattern on the ACEUSDT pair should ideally filter for higher volume on the engulfing candle and confirmation from RSI moving above 40 to increase probability of success.