Market Overview for Fusionist/Tether (ACEUSDT): 24-Hour Price Action and Momentum Analysis

• Price declined from $0.319 to $0.29 over 24 hours, closing at $0.293
• RSI reached oversold territory, indicating potential for a near-term bounce
• Volatility expanded after 22:00 ET, with sharp selloffs
• Volume surged during the decline but remained mixed in the recovery phase
• Key support levels at $0.29 and $0.289 were tested, with mixed follow-through

The Fusionist/Tether pair (ACEUSDT) opened at $0.315 on 2025-10-21 at 12:00 ET and reached a high of $0.319 during the session. The 24-hour low of $0.286 was recorded on 2025-10-22 at 11:15 ET before closing at $0.293 as of 12:00 ET the same day. Total trading volume amounted to 497,303.6 with a notional turnover of approximately $146,421.07. Price action suggests a bearish bias, with a selloff dominating after 22:00 ET and limited follow-through on the recovery.

Structure & Formations

Price broke below key support at $0.30 and continued lower, reaching $0.289, which appears to be a critical floor level. A notable bearish engulfing pattern formed around 22:30 ET as price moved from $0.302 to $0.299, signaling increased bearish conviction. A series of small bodies near $0.292 to $0.294 suggest indecision. On the hourly scale, the price appears to be consolidating within a descending channel, with potential for a test of $0.288 as the next downside target.

Moving Averages

The 20-period and 50-period SMAs on the 15-minute chart show a steep bearish slope, indicating that short-term momentum remains to the downside. On the daily chart, the 50- and 200-day SMAs have remained in a wide bearish divergence, suggesting the asset remains in a larger downtrend. The 100-day SMA has acted as a key overhead resistance, which has not been retested yet.

MACD & RSI

The MACD histogram has remained negative for the past 12 hours, with a recent expansion indicating increased bearish momentum. RSI has dipped into oversold territory at 27, suggesting that the asset could see some short-term bounce. However, RSI has not shown a strong divergence from price, implying that a full reversal is unlikely without a clear break above $0.30. Traders may watch for a potential RSI rebound to confirm a near-term reversal or reacceleration in the downtrend.

Bollinger Bands

Price has spent the majority of the session near the lower band of the Bollinger Bands, with a temporary contraction noted during the consolidation phase around 02:00–03:00 ET. This contraction may suggest a buildup of volatility for a potential breakout or breakdown. The width of the bands remains wide, indicating elevated volatility over the past 24 hours.

Volume & Turnover

Volume spiked sharply during the selloff phase, especially between 21:30–22:45 ET, when price dropped from $0.302 to $0.291. This volume expansion supports the bearish move. However, the recovery attempt after 05:00 ET saw mixed volume, indicating that buyers have not yet taken control. A divergence between price and volume could suggest a weaker reversal attempt. Notional turnover has remained relatively consistent during the consolidation phase, suggesting limited participation from large players.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.319 to $0.289, key levels of $0.307 (38.2%) and $0.301 (61.8%) were tested with mixed success. On the daily chart, the 61.8% retracement level of the larger downtrend sits near $0.289, which has seen a test and partial rejection. Traders should watch for a potential bounce or breakdown from this level as the next key development.

Backtest Hypothesis

The “RSI Oversold 5D” strategy outlined above aligns with the current technical conditions of ACEUSDT, which has recently entered an oversold RSI regime. Given that the RSI period and oversold threshold are set to 14 and 30 respectively, and the holding period is capped at 5 trading days, this strategy may be used to identify entry points when RSI dips below the threshold. In the case of ACEUSDT, a signal would have been generated near the close of the 24-hour period, suggesting a potential entry for a short-term long trade. However, the effectiveness of the strategy would depend on the broader market context and the presence of strong support levels, as seen at $0.289.