Market Overview for Across Protocol/Tether

Summary
• Price formed bearish momentum after testing key resistance near 0.0583.
• Volatility spiked during 18:00–20:00 ET before consolidating into lower bands.
• A long lower wick near 0.0570 suggests potential short-term support.
• RSI shows oversold conditions, hinting at possible near-term rebound.
• Volume surged during 19:15 ET but failed to confirm bullish continuation.

Across Protocol/Tether (ACXUSDT) opened at 0.0575 on 2025-12-06 12:00 ET and reached a high of 0.0585 before closing at 0.0568 as of 2025-12-07 12:00 ET. Total volume for the 24-hour period was 1,141,565.2, with turnover amounting to 60.7.

Structure & Formations

Price tested resistance near 0.0583 twice, but both times failed to hold above it, forming bearish rejection patterns. A long lower wick during the session near 0.0570 suggests a possible short-term support level. A bearish engulfing pattern emerged during the 19:15–19:30 ET window, signaling a shift in sentiment.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages remained in a bearish alignment for much of the session, reinforcing downward pressure. The 50-period line crossed below the 100-period on the daily chart, indicating a bearish trend continuation.

MACD & RSI

The MACD showed bearish divergence, with negative momentum gathering as price failed to make new highs. RSI reached oversold territory near 0.0568, suggesting possible near-term accumulation. However, without a strong bullish reversal, a rebound may remain short-lived.

Bollinger Bands

Volatility expanded during the 18:00–20:00 ET window as price moved between the upper and lower bands. The subsequent consolidation suggests a contraction in volatility, with price currently resting near the lower band, consistent with a bearish bias.

Volume & Turnover

Volume spiked sharply during 19:15–19:45 ET, yet failed to support higher prices, pointing to weak conviction in bullish moves. The final 30 minutes saw a notable drop in volume and turnover, suggesting a lack of follow-through to new lows.

Fibonacci Retracements

A key 61.8% Fibonacci retracement level from the 0.0572 low to 0.0585 high is at 0.0579, where price stalled twice. The 38.2% level at 0.0576 appears to have provided some temporary resistance before the decline resumed.

Traders may watch for a potential bounce from the 0.0570–0.0572 support range, but bearish continuation could test 0.0568–0.0565 if sentiment remains weak. Investors should remain cautious of a potential breakdown in momentum or a sudden increase in volume that may signal a reversal.