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Summary
• Price opened at 0.292 and closed at 0.287, with a low of 0.277 and high of 0.297.
• A sharp bearish reversal occurred from 02:45 to 03:00 ET, as price dropped below a key support level.
• Volume spiked to 872,350.4 at 01:45 ET, coinciding with a large bearish candle and a 0.287 close.
• RSI indicated overbought conditions early in the session before diverging with price.
• Bollinger Bands show high volatility expansion after a brief contraction, suggesting potential for range-bound consolidation.
Fusionist/Tether (ACEUSDT) opened at 0.292 on January 12 at 12:00 ET and closed at 0.287 the following day. The pair reached a high of 0.297 and a low of 0.277 during the 24-hour period. Total volume amounted to 7,113,263.7, with a notional turnover of 2,032,149.93.
On the 5-minute chart, ACEUSDT exhibited a bearish reversal pattern following a strong upward push in early hours. A large bearish candle formed around 01:45 ET, which marked the session’s highest volume and a dramatic price drop to 0.287. The move was supported by bearish momentum as RSI diverged from price action and RSI levels fell sharply from overbought territory.
Structure-wise, a key support level at 0.285 was tested multiple times, with price bouncing off it twice before breaking below at 02:45 ET. This was accompanied by a large-volume candle and a close of 0.281, signaling a shift in short-term sentiment. Bollinger Bands showed a brief period of volatility contraction just before the drop, followed by a wide expansion, suggesting increased uncertainty and potential for consolidation within a new range.

Fibonacci retracements from the high of 0.297 to the low of 0.277 show that the current price is near the 61.8% level, a potential area of resistance or support depending on market sentiment. With volume showing signs of exhaustion following the sharp drop, the next 24 hours may bring a test of the 0.285 level, but traders should remain cautious of potential follow-through selling or a rebound into overbought territory.
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