Market Overview for Fusionist/Tether (ACEUSDT)

Summary
• Price surged to 0.36 before retracing toward 0.29 on strong volume.
• Overbought conditions flagged mid-day, followed by bearish divergence in RSI.
• Key support confirmed near 0.29 after long-range Bollinger contraction.
• Volume surged sharply at 22:00 ET, suggesting accumulation or dumping.
• 61.8% Fibonacci retracement aligns with 0.301, a potential short-term pivot.

Fusionist/Tether (ACEUSDT) opened at 0.291 on 2026-01-03 12:00 ET, surged to 0.36, and closed at 0.29 at 2026-01-04 12:00 ET, with a low of 0.288. The 24-hour volume was ~8.39 million and notional turnover ~$2.78 million.

Structure & Formations

A sharp bullish break above 0.292 at 22:00 ET was followed by a bearish reversal, forming a large engulfing candle as price fell to 0.311. This was followed by a broad consolidation into 0.29, with a potential bearish pattern forming around 0.301, aligning with the 61.8% Fibonacci retracement of the 0.288–0.36 swing.

Moving Averages

The 20- and 50-period moving averages on the 5-minute chart suggest a bearish crossover post 0.321. On the daily chart, the 50-period line appears to be trending downward, indicating potential bearish bias.

MACD & RSI

The MACD surged during the 0.36 peak but diverged as price declined, pointing to weakening bullish momentum. RSI briefly entered overbought territory, then oversold, suggesting a potential exhaustion phase.

Bollinger Bands

Price expanded outside the upper Bollinger band at 0.36, indicating high volatility. A contraction phase followed, with price settling near the 20-period MA at 0.292–0.301, a key support range.

Volume & Turnover

Volume spiked at 22:00 ET during the 0.36 surge, with over 8 million traded, a sharp deviation from earlier ranges. Turnover surged to ~$2.78 million, indicating significant participation and possible order flow imbalance.

Fibonacci Retracements

The 61.8% Fibonacci level at 0.301 has emerged as a pivot point. Price has tested this level twice and appears to be consolidating below it, suggesting a potential test of 0.288 support next.

Over the next 24 hours, ACEUSDT may retest 0.301 as a potential reversal trigger, but risk remains on the downside if 0.291 fails. Investors should watch for order block formations near key Fibonacci levels for directional clues.