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Summary
• Price action remained range-bound between 0.0076 and 0.0077 throughout most of the session.
• A sharp breakout occurred post-08:30 ET with a high of 0.0087 and a close at 0.0083.
• Volume and turnover surged during the breakout phase, confirming the upward move.
• RSI and MACD showed bullish momentum during the breakout but remain neutral to moderately overbought.
• Volatility expanded significantly after 08:30 ET, with Bollinger Bands widening.
At 12:00 ET–1, Acala Token/Tether (ACAUSDT) opened at 0.0076, reached a high of 0.0087, and closed at 0.0083 after a 24-hour range from 0.0076 to 0.0087. Total volume was 327,691,217.35 with notional turnover of $2,564,731.31.
Structure & Formations
ACAUSDT traded in a narrow range between 0.0076 and 0.0077 for most of the session, forming a consolidation pattern. At 08:30 ET, a long bullish candle with a high of 0.0087 and close of 0.0083 signaled a breakout above the range. Subsequent candlestick formations showed mixed direction, with bearish and bullish shadows suggesting indecision after the initial breakout.
Moving Averages and Momentum
Short-term 20-period and 50-period moving averages on the 5-minute chart crossed above the price after the breakout, confirming upward momentum. RSI surged above 55 during the breakout, reaching 62 by 09:15 ET, indicating moderate overbought conditions. MACD turned positive and crossed above the signal line after 08:30 ET, reinforcing bullish momentum.

Volatility and Bollinger Bands
Bollinger Bands were compressed throughout the pre-breakout period, suggesting a potential reversal. After the breakout, the upper band expanded significantly, with price moving well above the previous range. The widening bands reflect increased volatility and uncertainty among traders.
Volume and Turnover
Volume and turnover spiked sharply during the breakout phase, with a single 5-minute candle at 08:30 ET contributing 24.1 million in volume and $193,996 in turnover. This was the largest single-volume bar of the session and confirmed the breakout's legitimacy. However, volume has since decreased, indicating some consolidation may follow.
Forward-Looking Observation
The 0.0083–0.0085 area appears to be a key short-term resistance, with potential for further gains if buying momentum continues. However, with RSI in overbought territory and volume easing, caution is warranted. A test of 0.0080 could signal a pullback or continuation, depending on how buyers respond in the next 24 hours.
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