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

• Acala Token/Tether (ACAUSDT) posted a mixed 24-hour candle, with a high of $0.0259 and a low of $0.0248.
• Price showed moderate bullish momentum in the early session but faded into consolidation toward the close.
• Volume remained elevated during key resistance tests, with total notional turnover exceeding $200 million.
• A bearish pinbar at $0.0259 suggests rejection of higher levels, while support is forming near $0.0252–$0.0253.
• RSI and MACD show diverging signals, hinting at potential short-term correction ahead of a broader breakout.

At 12:00 ET on 2025-10-02, Acala Token/Tether (ACAUSDT) opened at $0.0248 and reached an intraday high of $0.0259 before retreating to a 24-hour close of $0.0251. The pair traded within a $0.0011 range, posting total trading volume of 57.1 million ACA and a notional turnover of approximately $1,445 million. Price action reflected a tug-of-war between short-term bullish attempts and bearish consolidation, with key levels at $0.0253 (support) and $0.0257–$0.0259 (resistance) defining the near-term range.

Structure and formations reveal a critical bearish pinbar at $0.0259 and a series of smaller bullish hammers in the $0.0252–$0.0255 range. The 15-minute chart highlights a failed breakout above $0.0257 in the 19:30–19:45 ET window, followed by a bearish rejection at $0.0255 in the early morning session. A key doji formed near $0.0255 on the 15-minute timeframe, suggesting indecision and potential reversal. The 20-period moving average (20SMA) currently sits at $0.0254, while the 50SMA at $0.0253 acts as a dynamic support. These levels may define near-term directionality.

The RSI remains in neutral territory, fluctuating between 48 and 54 over the 24-hour period, with no clear overbought or oversold signals. However, the MACD has shown bearish divergence, particularly after 00:00 ET when price closed higher but the MACD line declined. Bollinger Bands reflect a contraction in the 00:00–02:00 ET window, followed by a mild expansion, with price currently trading near the middle band. This implies moderate volatility and no immediate signs of a breakout. Notably, volume surged during the 19:00–20:00 ET window but subsequently declined, indicating waning buyer momentum.

Fibonacci retracements drawn from the $0.0248 low to the $0.0259 high show 61.8% retracement at $0.0254, aligning with the 20SMA and a key consolidation zone. The 38.2% level at $0.0252 has acted as short-term support, while the 78.6% extension at $0.0263 represents a potential near-term ceiling for a breakout attempt. These levels may serve as both confirmation and caution zones in the next 24 hours. Investors should monitor price behavior at $0.0252–$0.0253 for potential follow-through.

The backtesting strategy involves a trend-following approach using the 20SMA and 50SMA crossover on the 15-minute chart. A long entry is triggered when the 20SMA crosses above the 50SMA and price closes above the 20SMA, with a stop-loss placed below the recent swing low. A short entry occurs when the 20SMA crosses below the 50SMA and price closes below the 20SMA, with a stop-loss above the recent swing high. A risk-managed version would limit position sizing to 1–2% of the portfolio per trade and use trailing stops for profit capture. This strategy aligns with the current market structure, where key moving average crossovers could confirm breakout or breakdown signals. The RSI and MACD indicators can be used to refine entries, with divergences suggesting higher probabilities of success.