Market Overview for Acala Token/Tether (ACAUSDT) – 2025-10-09

• Acala Token/Tether (ACAUSDT) declined 0.57% over the last 24 hours, closing at 0.0246 after a volatile intra-day swing.
• Volume spiked significantly during the early hours of 2025-10-09, reaching over 2.5M in one 15-minute interval, yet price action failed to confirm strength.
• RSI and MACD both signaled bearish momentum, with RSI entering oversold territory and MACD diverging from price highs.
• Bollinger Bands showed moderate contraction during consolidation before the sharp decline, suggesting a potential breakout or breakdown setup.
• A key support level at 0.0245 was briefly tested, with volume confirming the bearish bias but not confirming a new trend yet.

Acala Token/Tether (ACAUSDT) opened at 0.025 on 2025-10-08 at 16:00 ET and reached a high of 0.0259 before declining to a low of 0.0241, closing at 0.0246 as of 12:00 ET on 2025-10-09. The pair traded on total volume of 26,327,433.17 and turnover of $658,000 during the 24-hour period. The price action was marked by a sharp intraday drop after a consolidation phase, with key resistance levels failing to hold under pressure.

Structure and candlestick patterns over the last 24 hours indicate a bearish bias. A large bearish engulfing pattern formed near 0.0256–0.0258, confirming the reversal from a bullish consolidation. The price then tested a key support level at 0.0245, failing to hold above it and triggering further sell pressure. A long lower wick appeared during the early hours, but it was quickly invalidated by the sharp downward move. A doji at 0.0256 also signaled indecision and hinted at a potential breakdown ahead.

The 20-period and 50-period moving averages on the 15-minute chart showed a bearish crossover during the early hours of the trading day, aligning with the sharp selloff. On the daily chart, the 50/100/200-day moving averages all remained above the price, indicating a longer-term bearish trend. The current price sits below all key moving averages, reinforcing the weak momentum.

MACD turned negative during the early morning hours, showing bearish divergence as price peaks were higher than the MACD peaks. RSI dropped into oversold territory, reaching as low as 28, but failed to trigger a rebound, which suggests bearish exhaustion may not yet be in place. Bollinger Bands showed contraction during the consolidation phase and then expanded during the selloff, with the price closing near the lower band. This implies increased volatility and the potential for a bounce or further breakdown.

The Fibonacci levels for the most recent 15-minute swing (0.0259 to 0.0241) suggest key retracement levels at 0.0254 (38.2%) and 0.0251 (61.8%). The price briefly tested the 38.2% level before breaking down. For the daily chart, major Fibonacci levels align with the 0.0256–0.0248 range, which is currently being tested.

Volume spiked significantly around the early hours of 2025-10-09, with a single 15-minute interval reaching 2.5M in volume. However, the price failed to follow through with a strong rebound, indicating a lack of bullish conviction. Notional turnover also spiked during this period, but the divergence between volume and price suggests weak hands exiting the market rather than strong buyers stepping in.