Market Overview for Act I : The AI Prophecy/Tether (ACTUSDT) as of 2025-11-03

• Price plunged from 0.0208 to 0.0171 over 24 hours, with strong downward momentum.
• RSI oversold conditions and expanding volatility signal potential short-term bounce.
• Volume surged during the selloff, but price-volume divergence raises bearish concerns.
• Bollinger Bands show price near the lower band, suggesting potential for a rebound.
• Fibonacci retracements indicate 0.0184 as a near-term support level from recent declines.

24-Hour Price and Volume Action

Act I : The AI Prophecy/Tether (ACTUSDT) opened at $0.0202 on 2025-11-02 at 12:00 ET, touched a high of $0.0209, fell to a low of $0.0159, and closed at $0.0171 as of 12:00 ET on 2025-11-03. Total volume for the 24-hour period reached approximately 133,199,574.01 units, while notional turnover amounted to $2,265.62. The price action reflects a sharp bearish bias, especially after the 5:30 PM ET timeframe, where a sharp decline began and continued into the next day.

Structure and Key Levels

Price has collapsed through multiple support levels over the last 24 hours, including 0.0203 and 0.0195, with a strong breakdown under 0.0190 triggering further downward bias. A notable bearish engulfing pattern appeared at 2:00 AM ET, indicating a strong continuation of the selloff. A key support appears forming around 0.0180, where buyers have shown limited resistance but not enough to reverse the trend. Resistance remains distant, with 0.0195 and 0.0203 acting as potential retest levels.

Volatility and Momentum Indicators

MACD remains bearish with a wide negative divergence, and RSI has pushed into oversold territory, below 25, indicating possible short-term bounce. However, given the strong volume associated with the selloff, the oversold condition may not reverse quickly. Bollinger Bands show significant expansion, with price near the lower band, suggesting a possible rebound toward the 0.0184–0.0188 range. The move has also seen strong volatility, with a 35% contraction in Bollinger Band width before the selloff began.

Forward Outlook and Risk Considerations

The immediate near-term bias remains bearish unless price closes above 0.0190 with strong volume. If buyers fail to defend 0.0180, the next major support level is at 0.0170. While technical indicators suggest a potential bounce, the broader trend and volume profile suggest further weakness is likely. Investors should be prepared for increased volatility and rapid directional shifts.

Backtest Hypothesis

Given the recent bearish momentum and RSI oversold conditions, a potential backtest could explore buying ACTUSDT when RSI dips below 30 and holding for 15 minutes. However, the current back-test engine is limited to end-of-day data. A feasible workaround would be to approximate the 15-minute holding period by exiting at the day’s close or adjusting the strategy to a 1-day holding period. Using standard RSI(14) parameters with an oversold threshold of 30 would align with the recent behavior observed in this pair. Once confirmed, the back-test can be executed using the available historical data.