Market Overview for Acala Token/Tether (ACAUSDT) – 2025-10-05

• Acala Token/Tether (ACAUSDT) closed marginally lower after a volatile 24-hour session, with price action consolidating around key levels.
• Momentum appears to be shifting, with a late rally above $0.0253 failing to hold through the 15-minute timeframe.
• Volatility expanded significantly between 21:15 and 07:15 ET, marked by above-average notional turnover and volume surges.
• RSI and MACD show diverging momentum signals, suggesting potential for reversal or choppy conditions in the short term.
• Key support at $0.0251 and resistance at $0.0254 appear to be defining the near-term range.

Acala Token/Tether (ACAUSDT) opened at $0.0247 at 12:00 ET-1 and traded between $0.0243 and $0.0257 over the next 24 hours, closing at $0.0252 by 12:00 ET. Total volume reached 10,149,672.31, while notional turnover was approximately $256,351. The pair displayed a mix of consolidation and late-day volatility, with the majority of action occurring after 19:00 ET.

Structure & Formations

The 15-minute chart showed a clear range-bound pattern between $0.0251 and $0.0254 for much of the day. A late-day breakout above $0.0254 was confirmed by higher highs and closing above the upper bound, but failed to hold through the following 4–6 hours. A bearish engulfing pattern emerged at the top of the range near $0.0254, suggesting possible exhaustion in the bullish move. A key support level formed at $0.0251, where the pair found repeated buying interest after multiple pullbacks.

Moving Averages and MACD/RSI

Short-term moving averages (20 and 50 period) crossed into a bullish alignment during the late surge but diverged shortly after, with the 50-period line flattening while the 20-period line dipped below it. RSI entered overbought territory (above 65) during the rally, then retreated into neutral levels, indicating weakening bullish conviction. MACD showed a bullish crossover earlier in the day, but a bearish divergence formed in the final 6 hours of the session, hinting at possible reversal.

Bollinger Bands and Fibonacci Retracements

Volatility expanded significantly during the 21:15–07:15 ET window, pushing price outside the upper Bollinger Band on multiple occasions. The 61.8% Fibonacci retracement level at $0.0254 became a key resistance, with price failing to close above it in the final hours. The 38.2% retracement at $0.0251 acted as a key support, where price found repeated bids.

Volume and Turnover

Volume spiked during the late-day breakout, peaking at $212,675.47 at 21:15 ET. Notional turnover aligned closely with these spikes, particularly between 21:15 and 07:30 ET. However, volume dropped off after 09:00 ET, despite a continuation in price movement, suggesting potential exhaustion. Price and turnover aligned well during the initial rally but showed a divergence in the final hours of the session.

Backtest Hypothesis

The observed breakout above $0.0254, followed by a bearish engulfing candle and a bearish divergence in MACD and RSI, presents a classic reversal pattern. A potential backtest strategy could look to short after the bearish engulfing candle closes below the breakout high, with a stop-loss above the upper Bollinger Band and a target at the 38.2% Fibonacci level at $0.0251. Given the current conditions, this approach may offer a favorable risk-reward profile if the near-term range-bound structure persists.