Fusionist/Tether Market Overview

• Price declined from 0.496 to 0.459, signaling bearish momentum with oversold RSI.
• Volatility expanded mid-day, but volume diverged from price during the decline.
• Bollinger Bands widened, and key support levels tested at 0.470–0.465.
• No strong engulfing patterns; doji appeared near 0.465–0.470, hinting at indecision.
• Fibonacci retracement levels at 0.474 and 0.463 may act as near-term pivots.

The Fusionist/Tether pair (ACEUSDT) opened at 0.487 on 2025-10-03 12:00 ET and closed at 0.459 the following day. The 24-hour range extended to a high of 0.496 and a low of 0.459. Total volume amounted to 1,501,492.5, and total turnover reached 693.32. The market displayed bearish momentum, with price trending lower and forming key support levels around 0.465–0.470.

Structure & Formations

The 15-minute chart shows a series of descending triangles and a breakdown below the 0.470 level, indicating bearish bias. A doji formed near 0.467, suggesting temporary consolidation. Key support levels appear at 0.465–0.460, and resistance at 0.475–0.480, aligning with recent Fibonacci retracements and psychological round numbers.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly (death cross), reinforcing the downtrend. On the daily chart, the 50- and 200-period moving averages also crossed negatively, with the 100-period lagging behind, suggesting continued bearish bias in the broader time frame.

MACD & RSI

The MACD line crossed below the signal line and remained negative, with bearish divergence in the histogram. RSI fell into oversold territory below 30, hinting at potential short-term bouncing or consolidation. However, bearish momentum remains intact, with RSI failing to close above 30 despite several attempted rebounds.

Bollinger Bands

Bollinger Bands widened significantly during the day, indicating increased volatility, particularly during the sharp decline from 0.490 to 0.465. The price closed near the lower band, which could serve as a short-term floor for the next 24 hours. A rebound to the middle band may be expected, but a break below the 0.459 level could intensify bearish pressure.

Volume & Turnover

Volume increased during the breakdown below 0.470, showing confirmation of bearish bias. However, during the final leg down to 0.459, volume waned slightly, suggesting a lack of conviction from short sellers. Turnover remained relatively stable, with no significant divergence between price and volume.

Fibonacci Retracements

Recent 15-minute retracements from the high of 0.496 to the low of 0.459 show key levels at 38.2% (0.474) and 61.8% (0.463). These levels align with recent support areas and may serve as critical pivots for the next 24 hours. If the price retests 0.463 with strong volume, it may confirm the 61.8% level as a short-term support.

Backtest Hypothesis

The backtesting strategy involves a bearish breakout from a descending triangle pattern followed by a stop-loss placed just above the pattern’s upper boundary and a take-profit at the 61.8% Fibonacci retracement level. This setup aligns well with the recent breakdown below 0.470 and the current position near 0.459. While the strategy could capture short-term downside, the waning volume suggests caution, and the oversold RSI indicates potential for a near-term bounce.