Fusionist/Tether (ACEUSDT) Market Overview: September 17, 2025

• Price declined from 0.612 to 0.578, forming bearish momentum and confirming bearish control.
• RSI hit oversold territory, suggesting a potential short-term bounce, though bearish trend remains intact.
• Volatility spiked with high volume during the decline, especially in the 15–18 ET window, showing increased participation.
• Bollinger Bands expanded during the fall, highlighting distribution phases and heightened price swings.
• Key support levels at 0.586–0.583 and 0.577–0.575 appear critical for near-term direction.

24-Hour Price Summary

The Fusionist/Tether (ACEUSDT) pair opened at 0.608 at 12:00 ET on September 16, 2025, reached a high of 0.622, and closed at 0.578 by 12:00 ET on September 17. Over the 24-hour period, it recorded a total trading volume of 1,019,842.8 and a notional turnover of approximately $572,863.03 (assuming USD volume). The price action reflects a bearish bias with clear distribution patterns after a brief rally during the early hours.

Structure and Formations

The price action displayed a series of bearish formations throughout the session, including a key bearish engulfing pattern from 0.609 to 0.601 around 08:15 ET and a dark cloud cover at 07:30 ET. These formations confirmed the ongoing bearish momentum. A doji was observed near 0.6 at 00:30 ET, signaling a potential reversal in the short term, but the bearish continuation was confirmed with the next candle. Key support levels were tested at 0.586–0.583 and 0.577–0.575, both of which held during the final hours of the session.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 15-minute chart crossed below, reinforcing bearish momentum. A bearish crossover of the 50-period MA below the 100-period MA on the daily chart suggests a stronger medium-term bear trend. The 200-period MA acted as a resistance line during the early morning rally and was decisively rejected after 08:00 ET. The MACD line remained negative throughout the session, confirming bearish momentum, while the histogram reflected increasing bear pressure. The RSI entered oversold territory in the final hours, hinting at a possible bounce near 30–32 levels.

Bollinger Bands and Volatility

Volatility increased significantly during the price decline, especially from 08:00 to 11:45 ET, with Bollinger Bands widening. The price spent most of the session trading below the 20-period lower band, indicating bearish exhaustion. A brief retest of the upper band at 0.622 occurred during the 07:00 ET window but failed to hold. The final 15-minute candles traded near the lower band again, confirming bearish bias and a potential short-term bounce from the 0.575 support level.

Volume and Turnover

Volume spiked during the 08:00 to 11:00 ET window, with a total volume of 405,000+ during that period, confirming the bearish breakout from the 0.6–0.605 range. Notional turnover followed suit, peaking at 08:15 and 09:00 ET. A divergence appeared as volume dropped after 11:00 ET, despite continued price decline, which could signal short-term exhaustion. The final hours showed a retest of key supports with relatively low volume, suggesting caution from traders.

Fibonacci Retracements

Fibonacci levels were applied to the 0.601–0.622 move, identifying 38.2% (0.611) and 61.8% (0.607) as critical resistance levels. The price failed to retest the 61.8% level in the final 15-minute candles, indicating bearish pressure. On the daily chart, the 61.8% retracement level of the 0.6–0.622 rally is at 0.586, which acted as support during the final 30 minutes of the session.

Backtest Hypothesis

The backtest strategy involves entering short positions when the price breaks below a key Fibonacci level (e.g., 61.8%) in conjunction with a bearish engulfing pattern and increasing volume. A stop-loss would be placed above the most recent swing high (e.g., 0.610–0.612), and a take-profit target would be set at the next major support (0.575–0.577). The RSI entering oversold territory could also serve as a confirmation signal to exit short positions for profit. This hypothesis aligns with the observed bearish structure and volume confirmation seen in the 08:00–11:00 ET window.