Market Overview: Acala Token/Tether USDt (ACAUSDT) — 2025-09-10 24-Hour Summary

• Price drifted lower after a sharp mid-day dip but ended near 0.0299.
• Volume spiked during the 19:30–20:30 ET sell-off, confirming bearish momentum.
• RSI remains neutral near 50, while MACD shows a shrinking bullish divergence.
• Volatility has expanded during the afternoon–early evening session.
• Fibonacci levels at 0.0296 and 0.0302 suggest potential near-term turning points.

Acala Token/Tether USDt (ACAUSDT) opened at 0.0296 on 2025-09-09 at 12:00 ET, reached a high of 0.0302, and a low of 0.0283 before closing at 0.0299 on 2025-09-10 at 12:00 ET. Total volume over 24 hours was approximately 53,603,621.41, with notional turnover of roughly $1,586,822.84.

Structure & Formations

The price profile of ACAUSDT over the last 24 hours reveals a bearish bias starting from 19:30 ET, where a large bearish candle (open: 0.0296, close: 0.0289) broke a prior support level. This was followed by a consolidation phase between 0.0289 and 0.0292 before a recovery attempt in the late night to early morning. A key support area appears near 0.0295–0.0296, while resistance is forming at 0.0298–0.0299. A bullish engulfing pattern emerged near 0.0297 during the early morning, suggesting a potential reversal.

Moving Averages

On the 15-minute chart, the 20-period SMA currently resides just below the 50-period SMA, both trending slightly upward, indicating a short-term bullish crossover could occur if the price holds above 0.0296. On the daily timeframe, the 50-period SMA is above the 100-period SMA, suggesting the longer-term trend is mixed. The 200-period SMA provides a key baseline at approximately 0.0293, offering a potential floor for further downward movement.

MACD & RSI

The MACD has been declining since the sell-off, with the line crossing below the signal line at around 19:30 ET, signaling bearish momentum. The histogram has continued to contract, suggesting a potential slowdown in the downward move. RSI remains neutral at 48–52, with no clear overbought or oversold conditions. However, a slight divergence between price and RSI in the last four hours suggests a potential reversal may be in play.

Bollinger Bands

Volatility has been elevated since the mid-afternoon sell-off, with Bollinger Bands expanding to a width of approximately 0.0006. The price closed near the upper band at 0.0299, indicating the move may be overextended on the upside. The recent consolidation between the middle band (0.0296) and the upper band may be a sign of indecision, suggesting a possible pullback toward the middle band.

Volume & Turnover

The most notable volume spike occurred during the 19:30–20:30 ET window, where volume surged to 8.48 million (equivalent to $247,717 in turnover), confirming the bearish breakout. In contrast, the bullish rebound after 02:45 ET was accompanied by relatively modest volume, raising questions about the strength of the reversal. Divergence between price and volume in the early morning suggests a potential false breakout or a lack of conviction in the move higher.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 19:30–02:45 ET swing from 0.0289 to 0.0302, the 38.2% level at 0.0295 and the 61.8% level at 0.0298 have shown notable activity. Price has tested these levels multiple times in the past 6 hours, with 0.0298 acting as a strong resistance. On the daily chart, the 0.618 level from a broader bearish move is at 0.0292, where the price has found support in the past.

Backtest Hypothesis

Given the recent price action and technical indicators, a backtesting strategy could involve a mean-reversion approach focused on the 0.0295–0.0299 range. A long signal might be triggered on a close above 0.0297 with RSI above 50 and volume confirmation. Conversely, a short signal could be generated on a close below 0.0295 with RSI below 50 and a bearish MACD crossover. Stops could be placed outside the 0.0293–0.0292 and 0.0302–0.0303 levels, respectively, with a target of 3–4% in either direction. This strategy would benefit from a low-latency execution setup, especially given the fast-moving nature of the 15-minute timeframe and the high volatility seen during key price breaks.