Summary
• Price declined 1.84% over 24 hours amid bearish 5-minute candle patterns and weak volume confirmation.
• Key support tested around 0.0097–0.0098, with bearish momentum evident in RSI and MACD divergence.
• Volatility increased after 07:00 ET as
traded within a 0.0095–0.0102 range, showing no clear breakout.
At 12:00 ET, Acala Token/Tether (ACAUSDT) opened at 0.0101, reaching a high of 0.0102 and a low of 0.0095 before closing at 0.0098. Total volume over 24 hours was 24.7 million, with notional turnover of $245,842.
Structure & Formations
Bearish engulfing patterns emerged after 09:45 ET, confirming a key breakdown from 0.0101 to 0.0096. A doji at 0.0098 around 06:45 ET signaled indecision, followed by a continuation of downward pressure. Key resistance appears at 0.0101–0.0102, while support is now critical at 0.0097–0.0098.
Moving Averages and Fibonacci Levels
Short-term 20/50-period 5-minute moving averages showed ACAUSDT trading below both, reinforcing bearish bias. The 0.0098 level aligns with a 38.2% Fibonacci retracement of the day’s major swing, suggesting a possible pause or retest in the short term.
Momentum and Volatility
Relative Strength Index (RSI) remained below 50 for much of the session, indicating bearish momentum. MACD showed a negative crossover and bearish divergence in late trading, suggesting selling pressure is likely to persist. Bollinger Bands expanded after 07:00 ET as volatility increased, with ACAUSDT trading near the lower band, hinting at oversold conditions but without strong reversal cues.
Volume and Turnover Analysis
Volume spiked after 07:15 ET as ACAUSDT broke below 0.0100, supporting the bearish move. However, notional turnover did not confirm a strong bearish breakout, showing weak follow-through below 0.0099. Divergence between volume and price was most visible between 09:00 and 10:00 ET, suggesting cautious sentiment.
Looking ahead, ACAUSDT may test the 0.0095–0.0097 support zone or face resistance at 0.0101–0.0102. Investors should remain cautious of potential short-term volatility and avoid overexposure without confirmation of a breakout or reversal pattern.
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