Market Overview: Acala Token/Tether (ACAUSDT) – Volatile Downtrend with Potential Short-Term Rebound

• Acala Token/Tether (ACAUSDT) fell from 0.0182 to 0.0174 over 24 hours, showing bearish momentum.
• RSI and MACD suggest oversold conditions, but price remains below key moving averages.
• Bollinger Bands show a moderate expansion, with price near the lower band.
• Volume increased in the final 6 hours, but notional turnover failed to confirm strength.
• A potential bounce may be tested at the 0.0177–0.018 Fibonacci level from the recent swing low.

Acala Token/Tether (ACAUSDT) opened at 0.0182 on 2025-10-29 at 12:00 ET, reaching a high of 0.0185 before closing at 0.0174 by 12:00 ET on 2025-10-30. Total volume over the 24-hour window was approximately 149,015,944.29 with a notional turnover of around $2,702,906 (calculated using the average price of ~0.0181). The bearish trend continued through most of the session, with only a minor rebound in the morning hours.

The price action over the past 24 hours displayed a bearish bias, with ACAUSDT forming several small bullish harami and doji patterns near key resistance levels but failing to break higher. A significant bearish engulfing pattern emerged between 18:45 and 19:00 ET, confirming a sharp breakdown to 0.0177. The 20-period and 50-period moving averages both remain above current price levels, indicating that short-term momentum is still bearish. However, the 50-period MA has flattened recently, suggesting potential exhaustion in the downward move.

MACD lines have turned lower but are nearing the zero line, while RSI has dipped below 30, entering oversold territory. This could imply a near-term rebound if volume increases at the 0.0177–0.018 level. Bollinger Bands have widened slightly, indicating increased volatility, with ACAUSDT trading near the lower band. This could either signal a bounce or a continuation of the downward trend, depending on how volume and order flow react at this level.

Fibonacci retracement levels applied to the recent 15-minute swing show that the 0.0177–0.018 level (38.2% retracement) is a key support. This area may attract buying interest if the price stabilizes. However, given the strong bearish momentum, a breakdown below 0.0174 could target the next level at 0.0169–0.0170 (61.8% retracement from the swing high). A successful rebound above 0.0182 would be a strong signal of a short-term reversal, but this remains unlikely without a significant volume spike.

The next 24 hours could see ACAUSDT testing the 0.0177–0.018 support level. While RSI suggests oversold conditions, a rebound may be short-lived if volume remains weak. Investors should watch for confirmation at this level, as a sustained close above it could shift the near-term bias to bullish. A failure to hold above 0.0174, however, would likely deepen the bearish trend.

Backtest Hypothesis: To evaluate the potential short-term rebound scenario, a backtest could be designed using the RSI and MACD signals observed in this report. A simple strategy could be: entering long when RSI drops below 30 (oversold) and MACD turns upward, with an exit at the next Fibonacci retracement level (38.2%). A short-selling strategy could be triggered when RSI rises above 70 (overbought) and the price breaks below a key support level like 0.0174. This would test the validity of the observed technical signals in both bullish and bearish scenarios. To conduct this test, a stock or ETF (e.g., SPY, AAPL) would need to be specified, along with execution rules like using close prices and incorporating a stop-loss or time limit.