Market Overview for Acala Token/Tether (ACAUSDT) – 2025-10-23

• Acala Token/Tether (ACAUSDT) fell to a 24-hour low of $0.018, rebounding to close near $0.018 at 12:00 ET
• Key support held near $0.0179–$0.018 as buyers stepped in during midday recovery
• Volatility expanded during sharp selloffs, with volume surging during key price moves
• RSI and MACD suggest bearish momentum but no extreme overbought/oversold conditions
• Bollinger Bands show price consolidating near the lower band, signaling potential for rebound

The Acala Token/Tether (ACAUSDT) pair opened at $0.0184 on 2025-10-22 at 12:00 ET, reaching a high of $0.0185 before declining to a low of $0.0180. It closed at $0.0180 at 12:00 ET on 2025-10-23, with total volume of approximately 22.5 million ACA and a notional turnover of around $420,000. Price action suggests bearish pressure, with buyers entering near critical support levels.

Structure & Formations

Price action on the 15-minute chart shows a clear breakdown below the $0.0181 level, followed by a recovery into the $0.0181–$0.0182 range. A bullish engulfing pattern formed in the early morning hours (around 04:30–05:00 ET), indicating short-term buyer interest. However, this was followed by bearish continuation, with the pair forming a series of lower lows and lower highs. A key support zone appears to have formed between $0.0179 and $0.0180, holding through the selloff.

Moving Averages

The 20-period and 50-period SMAs on the 15-minute chart crossed into bearish territory during the selloff. The 20 SMA fell below the 50 SMA, forming a bearish crossover. On the daily timeframe, the 50-day SMA appears to be a critical psychological level, with the 100-day and 200-day SMAs providing further resistance above current levels. The price appears to be consolidating below these key moving averages, suggesting a short-term bearish bias.

MACD & RSI

The MACD histogram has turned negative for the past several hours, confirming bearish momentum. The zero line was crossed below at around 19:00 ET, indicating a shift in sentiment. The RSI is currently hovering near the 45–50 range, not signaling extreme overbought or oversold conditions. However, the RSI has shown bearish divergence in the early part of the decline, with price making lower lows while RSI did not, suggesting further downside could be limited unless a breakdown occurs.

Bollinger Bands

Price action has been contained within the Bollinger Bands throughout the session, with the lower band acting as a key area of support. During the midday selloff, the pair briefly traded near the lower band, triggering a rebound. The bands have widened slightly during the selloff, indicating increased volatility. A retest of the lower band could lead to further consolidation or a bounce, depending on volume and buying pressure.

Volume & Turnover

Volume increased significantly during the selloff phase, particularly between 19:00 and 21:00 ET, where the price broke below key support. The largest single candle during the selloff (at 21:15 ET) recorded a volume of 2.25 million ACA, contributing $38,000 in notional turnover. However, volume has declined during the recovery phase, indicating weaker follow-through buying. The divergence between price and volume suggests that further upside may require stronger accumulation of buying pressure.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from $0.0184 to $0.0180, the 38.2% level sits at $0.0182 and the 61.8% level at $0.0181. Price has tested both levels multiple times during the session, with buyers entering at both levels. A break above $0.0182 could lead to a test of the 78.6% retracement at $0.0184. On the daily timeframe, the 50% Fibonacci level from the broader move aligns with the 50-day SMA, forming a key area to watch.

Backtest Hypothesis

The backtest hypothesis centers around MACD Golden Cross events—specifically, when the MACD line crosses above the signal line—as a potential bullish trigger for ACAUSDT. While the current session did not feature a Golden Cross, historical data could be used to evaluate the effectiveness of this signal in past price cycles. The data-retrieval issue encountered with the ACAUSDT pair complicates the process, but if we can confirm the correct exchange pair or timeframe, we can proceed with a more precise backtest. For example, using a 4-hour MACD with the correct historical data could help isolate high-probability entry points. Once confirmed, we can integrate this signal into a dashboard that tracks performance post-Golden Cross and refine the strategy accordingly.