Market Overview for Acala Token/Tether (ACAUSDT) on 2025-09-13

• Acala Token/Tether (ACAUSDT) posted a 0.0297 → 0.0310 range, with a 24-hour high of 0.0312 and close at 0.0308.
• Strong bullish momentum emerged post-09:00 ET, with volume spiking to 743,648.97 at the peak of the move.
• RSI showed overbought conditions briefly (73–76), while price remained within upper Bollinger Band for much of the session.
• Volatility expanded from 0.0303–0.0305 to a range of 0.0304–0.0312, suggesting increased market participation.
• A bullish engulfing pattern formed at 09:30 ET, confirming a key support break of 0.0308 with strong follow-through.

Acala Token/Tether (ACAUSDT) opened at 0.0297 at 12:00 ET–1 and reached a high of 0.0312 before closing at 0.0308 at 12:00 ET. Total volume over the 24-hour period was 32,857,260.06, with a turnover of 946,723.60. The price action showed signs of sustained buying pressure after a consolidation phase.

Structure & Formations

Key support levels emerged around 0.0304–0.0305, with price consolidating for several hours before a breakout. A bullish engulfing pattern formed at 09:30 ET, confirming a reversal from earlier bearish pressure. A doji at 15:45 ET and a small bearish candle at 16:00 ET suggest short-term indecision and potential consolidation ahead. Resistance appears to have formed near 0.0312, with price pulling back twice in the last 3 hours of the session.

Moving Averages

The 15-minute chart shows the 20-period EMA (0.0304) rising above the 50-period SMA (0.0303), signaling a short-term bullish bias. On the daily chart, the 50-period SMA (0.0302) is now acting as a support level, while the 200-period SMA (0.0300) remains well below the current price action, indicating a stronger near-term uptrend.

MACD & RSI

MACD crossed above the signal line at 09:00 ET, with a histogram expansion following the bullish break of 0.0308. RSI hit overbought territory (75–76) between 09:30 and 10:00 ET, followed by a pullback into the 65–70 range. This suggests a potential retracement could occur, but not a full reversal. Momentum remains strong, with buyers maintaining control above 0.0305.

Bollinger Bands

Volatility expanded throughout the day, with the upper band reaching 0.0313 and the lower band at 0.0303. Price traded within the upper band for much of the session before retreating into the middle band during the 15:00–16:00 ET window. This suggests a mix of breakout attempts and consolidation, with buyers showing strength but not yet breaking out decisively.

Volume & Turnover

Volume spiked significantly during the bullish breakout at 09:30 ET, with over 743,648.97 tokens traded, confirming the breakout with strong conviction. Turnover also increased, with the highest turnover (23.33) recorded at the same time. However, volume declined in the final hours as price pulled back toward 0.0308, suggesting a potential pause in aggressive buying. A divergence between price and volume suggests caution may be building ahead of further moves.

Fibonacci Retracements

Fibonacci levels on the 15-minute chart show 0.0305 (38.2%) and 0.0309 (61.8%) as key retracement levels. Price has tested both levels with mixed results—holding above 0.0305 but struggling to maintain above 0.0309. Daily-level retracement levels suggest a potential target near 0.0313 before encountering a key resistance line.

Backtest Hypothesis

The breakout of the 0.0308 level and the bullish engulfing pattern suggest a short-term bullish trade could be viable, particularly if price holds above 0.0309 with volume confirmation. A potential target is 0.0313–0.0315, with a stop-loss placed below 0.0304. Given the recent RSI overbought reading and Bollinger Band contraction at the end of the session, a 4-hour or daily time frame appears better suited to avoid short-term volatility.