Market Overview: Fusionist/Tether (ACEUSDT) — 2025-10-31

• Fusionist/Tether (ACEUSDT) closed lower after a volatile 24-hour session, with a 0.265–0.277 price range.
• Momentum indicators signaled mixed signals, with RSI briefly entering oversold territory before a partial rebound.
• Volume spiked sharply in early trading, but diverged from price as the trend weakened.
• Bollinger Bands expanded midday, suggesting heightened volatility.
• Key support at 0.262 and resistance at 0.276 appeared to contain price action.

Fusionist/Tether (ACEUSDT) opened at 0.265 on October 30 at 12:00 ET and reached a high of 0.277 before settling at 0.265 at 12:00 ET on October 31. The 24-hour session saw total volume of 1,585,218.8 and turnover of 415,027.56 (assuming turnover is volume × price). Price action was marked by a bearish consolidation in the early part of the day before a midday rally and a late pullback, with a key 0.262 support level appearing resilient.

Structure & Formations

Price action displayed a distinct bearish bias during the early hours, with a series of lower highs and lower closes from 16:00 to 19:00 UTC. A key 0.262 level held three times, forming a potential short-term support. Between 03:00 and 05:00 UTC, a bullish continuation pattern emerged with a higher high and higher close, followed by a reversal into consolidation. A bearish engulfing pattern was observed at the 19:00–21:00 UTC window, suggesting a likely reversal in a potential upward move.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into bearish territory after midday, with price closing below both. The 50-period MA acted as a dynamic resistance during the morning rally. On the daily timeframe, ACEUSDT closed below its 200-day MA, a bearish sign for medium-term holders. The 50/200 MA crossover remains neutral but has not yet confirmed a trend reversal.

MACD & RSI

The MACD crossed into negative territory during the early morning decline and remained bearish through the afternoon, with a histogram that showed declining momentum. The RSI dropped below 30 during the 17:00–19:00 UTC session, signaling oversold conditions, though it failed to generate a strong reversal. This suggests the market may lack conviction in a bullish bounce.

Backtest Hypothesis

Given the failure of the automated "Morning Star" pattern detection due to a symbol or indicator resolution error, a manual scan could be implemented using the raw OHLC data provided. This would involve identifying potential bullish reversal patterns by checking for a large bearish candle followed by a smaller bullish candle, with the second candle’s close above the midpoint of the first. If confirmed, the "Morning Star" could serve as a buy signal for a 5-day holding period. However, the lack of confirmation from the indicator and the current bearish momentum suggests caution. The integration of this backtest with the 50/200 MA crossover and RSI levels would provide a more robust entry filter.