Market Overview: Fusionist/Tether USDt (ACEUSDT)

• Fusionist/Tether USDt (ACEUSDT) closed at a 24-hour high of 0.505, reversing from early bearish pressure.
• RSI and MACD showed rising bullish momentum, suggesting a potential continuation of upward bias.
• Volatility expanded significantly in the late hours of 2025-09-04 and into the early hours of 2025-09-05, confirming price consolidation.
• Bollinger Bands reflected a breakout to the upper band, indicating heightened bullish activity.
• Volume and turnover surged during the late-night to early-morning hours, confirming key price movement.

Fusionist/Tether USDt (ACEUSDT) opened at 0.49 on 2025-09-04 at 12:00 ET and traded as high as 0.505, closing at 0.502 on 2025-09-05 at 12:00 ET. The pair recorded a 24-hour high of 0.505, a low of 0.484, and closed 1.2% higher than its opening price. Total volume for the 24-hour period reached 197,584.25 with a notional turnover of ~98,517 USD.

Structure & Formations

The 15-minute chart displayed a strong reversal pattern late into the night and into the early morning of 2025-09-05, with a bullish engulfing pattern forming between 00:15 and 00:30 ET. Key support levels were observed around 0.489 and 0.486, both of which were tested and rejected during the late-night dip. Resistance emerged at 0.496, 0.499, and finally at 0.505, with the latter representing the 24-hour high and a potential short-term ceiling.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period SMAs showed a bullish crossover around 02:30 ET, confirming upward momentum. On the daily chart, the 50- and 200-period SMAs appear to be converging, suggesting a potential long-term bullish trend if the price stays above the 200 SMA.

MACD & RSI

The MACD line crossed above the signal line around 02:15 ET, indicating a shift in momentum toward the bullish side. RSI climbed to 58 during the late hours of 2025-09-04 and surged to 62.5 by midday on 2025-09-05, suggesting a move toward overbought territory but not yet indicating a top. The RSI divergence was minimal, and the momentum appears to be intact.

Bollinger Bands widened during the 24-hour period, especially around the 02:00–04:00 ET timeframe, indicating rising volatility. The price closed at the upper Bollinger Band at the 12:00 ET close, reinforcing the bullish breakout.

Volume & Turnover

Volume spiked sharply during the 18:45–23:00 ET timeframe on 2025-09-04, confirming a bearish breakdown attempt that failed. Another large volume spike occurred between 00:15–01:45 ET on 2025-09-05, aligning with the bullish reversal. Notional turnover increased in tandem with volume, confirming the validity of price moves rather than indicating wash trading or spoofing.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.484 to 0.505, the 38.2% and 61.8% levels align with 0.495 and 0.499, respectively. These levels were briefly tested or approached during the price consolidation phase. On the daily chart, Fibonacci levels from a longer-term swing (not shown) may provide further context for retracement targets.

Backtest Hypothesis

Given the bullish engulfing patterns and the convergence of MACD and RSI, a potential long-only strategy could be backtested using the following criteria: enter long when the 20 EMA crosses above the 50 EMA, and close the position when RSI exceeds 70 or the 50 EMA crosses below the 20 EMA. Stop-loss placement at the last swing low of 0.484, with take-profit at the 61.8% Fibonacci level of 0.499. This strategy would aim to capture the upward bias seen in the last 24 hours while managing downside risk.