Market Overview for Acala Token/Tether (ACAUSDT)

Summary
• Price action shows a bearish drift, with key resistance at 0.0161 and support at 0.0148.
• Low to moderate volume with no significant divergence from price action.
• RSI indicates oversold territory, while MACD remains bearish with no clear positive momentum.
• Volatility has expanded during the session, with a large 15-minute candle showing a range of 0.0005.
• Bollinger Bands suggest price remains below the midline, signaling a possible continuation of the bearish bias.

Acala Token/Tether (ACAUSDT) opened at 0.0161 on 2025-11-13 12:00 ET, reached a high of 0.0162, a low of 0.0148, and closed at 0.0153 by 12:00 ET on 2025-11-14. The total 24-hour volume was 11,485,625.32, with a notional turnover of $178,968. The price appears to be in a consolidation phase after a sharp intraday decline from a peak of 0.0162 to a trough of 0.0148.

Structure & Formations

Price has repeatedly tested the 0.0161 level without breaking through, indicating this is a strong resistance. A support zone appears to be forming near 0.0151–0.0153, where the price has bounced multiple times. A notable bearish engulfing pattern occurred at 2025-11-13 17:45 ET, which may have signaled a continuation of the downtrend. A doji candle at 0.0153 on 2025-11-14 00:45 ET may indicate indecision among traders at this level.

Moving Averages

On the 15-minute chart, the 20-period MA is slightly above the 50-period MA, both sloping downward, reinforcing the bearish bias. On the daily chart, the 50-period MA is below the 200-period MA, indicating a longer-term bearish trend. Price remains below both, suggesting the trend could persist.

MACD & RSI

The MACD line remains below the signal line and histogram is shrinking, indicating waning bearish momentum. RSI has entered oversold territory, below 30, which may suggest a potential pullback. However, this does not guarantee a reversal, especially with the bearish MA alignment and ongoing bearish volume patterns.

Bollinger Bands

Price has remained below the midline of the Bollinger Bands for most of the 24-hour period, signaling a bearish trend. Volatility has expanded, with a wide range seen in the 17:45 ET candle. The upper band is at 0.0161, coinciding with resistance, while the lower band is near 0.0151, forming a potential support area.

Volume & Turnover

Volume was highest in the 19:30 ET candle (2.23M) and again at 17:00 ET (1.44M), both during bearish price action, confirming the downtrend. Notional turnover peaked at ~$14,000 at 19:30 ET, aligning with the largest volume. No significant divergence has been observed between price and volume, suggesting continued directional bias.

Fibonacci Retracements

From the high of 0.0162 to the low of 0.0148, the 38.2% retracement level is at ~0.0155, and the 61.8% level is at ~0.0151. The price currently rests near the 61.8% level, which could act as a key pivot point in the coming hours. A break below 0.0151 could target the next Fibonacci level at 0.0145.

Backtest Hypothesis

The recent backtest of a candlestick-based strategy (focusing on patterns like the Bullish Engulfing and Doji) has shown historically poor performance, with strong negative returns and high drawdowns. This suggests that current price patterns, while visually meaningful, may require additional filters for actionable signals. Integrating volume confirmation or higher-timeframe trend analysis could improve the strategy's robustness, especially in volatile markets like ACAUSDT.