Market Overview: Acala Token/Tether (ACAUSDT) - 24-Hour Analysis

• Acala Token/Tether (ACAUSDT) declined over 24 hours, closing near a key support level of 0.0288.
• Price action shows bearish momentum, with RSI entering oversold territory and MACD negative divergence.
• Volatility expanded in the second half of the session, marked by a sharp decline and increased turnover.
• Bollinger Bands indicate a recent contraction followed by a breakout to the downside.

Acala Token/Tether (ACAUSDT) opened at 0.0305 (12:00 ET–1), reached a high of 0.0309, and closed at 0.0288 (12:00 ET) on September 15, 2025. The pair recorded a 24-hour trading volume of 22.64 million ACA and a notional turnover of $670,877. Price action shows a sharp bearish trend, especially after 08:00 ET, with a 6.5% drop in the final 90 minutes of the session.

Structure & Formations

The price action formed a bearish reversal pattern after failing to reclaim 0.0306, with a key 50% Fibonacci retracement of the day's high at 0.0306 acting as a failed resistance. A long bearish candle at 08:15 ET confirmed the breakdown, and the price has since remained below the 0.0303 level, which now serves as the primary support. A potential bullish engulfing pattern emerged at the 05:15–05:30 ET window, but it failed to sustain momentum, suggesting a bearish bias.

Key Levels

- Support Levels: 0.0288 (current close), 0.0285 (recent low), 0.0281 (next critical level)
- Resistance Levels: 0.0293, 0.0296, and 0.0304

A doji formed at 07:00 ET, signaling indecision, while the breakdown below 0.0303 was confirmed by a strong bearish candle at 08:15 ET.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs were in a death cross, with price trading well below both. The daily chart shows the 50-EMA at ~0.0302, with the 200-EMA at ~0.0298—price now trading below the key 200-EMA level. This confirms a bearish technical bias in both short- and longer-term timeframes.

MACD & RSI

MACD remains negative with a bearish crossover, and RSI has dropped below 30, indicating oversold conditions. However, the RSI divergence does not currently suggest a strong reversal signal, as price has continued lower. A failure to bounce off 0.0288 would likely see RSI remain in oversold territory and MACD further decline.

Bollinger Bands

Bollinger Bands show a moderate expansion in the final hours of the session, with price closing at the lower band. A period of consolidation in the morning was followed by a sharp break below the band, indicating increased volatility and bearish momentum. This breakout may suggest further downside risk in the near term.

Volume & Turnover

Trading volume increased significantly after 08:00 ET, coinciding with the breakdown from key support. The highest 15-minute volume occurred at 08:15 ET with $66,775 notional value, driven by a breakdown candle. Notional turnover spiked to $107,245 at 15:30 ET, with a large bearish move from 0.0289 to 0.0287. A divergence between price and volume in the morning suggests a potential false breakdown, but the subsequent confirmation in the morning session invalidated this.

Fibonacci Retracements

A 61.8% Fibonacci retracement level at 0.0291 has now failed as resistance and turned into a key support. The 15-minute chart shows a breakdown of the 38.2% level at 0.0303, which previously acted as support. A retest of 0.0293 would test the 23.6% level, but given current momentum, the next target appears to be the 0.0281–0.0283 range.

Backtest Hypothesis

Based on the recent breakdown from key support and the oversold RSI, a potential long-term bearish trend could be in place. A backtesting strategy could involve entering short positions after a confirmed breakdown of a 15-minute candle that closes below a key Fibonacci level or Bollinger Band. Stops could be placed just above the most recent high, while take-profit levels could align with 61.8% and 100% Fibonacci extensions. The strategy would rely on the continuation of bearish momentum and volume confirmation of breakdowns, with RSI as a filter for overbought/oversold conditions. If RSI fails to show a bullish divergence, the position could be held for further downside.