Market Overview for Acala Token/Tether

Summary
• ACAUSDT formed a bullish engulfing pattern near 0.0086, suggesting short-term support holds.
• Price surged to 0.0094 with above-average volume, indicating strong buying momentum.
• RSI reached overbought territory (70+), while MACD signaled bullish divergence.
• Volatility expanded significantly as price traded within upper Bollinger Bands.
• Fibonacci levels at 0.0091 and 0.0087 appear critical for near-term direction.

Acala Token/Tether (ACAUSDT) opened at 0.0088 on 2026-01-02 12:00 ET, surged to 0.0094, and closed at 0.0092 by 12:00 ET on 2026-01-03. The 24-hour volume was 76,692,963.54 and turnover totaled 695,955.28.

Structure and Price Action

Price action revealed a key bullish reversal pattern near 0.0086, as ACAUSDT formed a bullish engulfing candle, indicating potential support. A strong rally followed, reaching 0.0094 and breaking above prior resistance. The 0.0091–0.0094 range appears to be the new resistance cluster.

Technical Indicators and Momentum

The RSI crossed into overbought territory during the final hours, reaching above 70, while MACD showed a positive divergence, hinting at sustained upward momentum. On the 5-minute chart, the 20-period and 50-period moving averages were closely aligned, supporting a continuation of the rally.

Volatility and Volume

Bollinger Bands expanded as volatility increased during the 11:00–12:00 ET hour, with price closing near the upper band. Volume spiked significantly during the 11:00–12:00 ET period, confirming the move higher. Notional turnover also rose sharply during the breakout, adding credibility to the rally.

Fibonacci and Key Levels

Fibonacci retracement levels at 0.0091 and 0.0087 are critical for near-term direction. The 61.8% level at 0.0091 appears to have acted as a magnet during the final hours, and a pullback to 0.0087–0.0089 could offer a favorable reentry.

The rally appears to be gaining traction, supported by volume and momentum, but a pullback to test 0.0088–0.0090 could be expected. Investors should remain cautious as overbought conditions may invite a short-term consolidation or profit-taking.