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Summary
• Price dropped sharply after 23:30 ET, forming a bearish engulfing pattern.
• RSI fell below 30, indicating oversold conditions.
• Volatility expanded significantly as price approached 0.0483.
• Bollinger Bands widened midday as volume surged.
• Volume spiked to over 1 million at the low, confirming bearish momentum.
At 12:00 ET–1 on January 19, 2026, Across Protocol/Tether (ACXUSDT) opened at 0.0538 and traded between 0.0545 and 0.0483 before closing at 0.0503 at 12:00 ET. Total 24-hour volume reached 1.89 million and turnover hit $50,460.
Structure & Formations
Price action displayed a bearish reversal pattern near the 23:30 ET candle, with a bearish engulfing formation at the top of a short-term rally. A key support level appears at 0.0483, where price tested and rebounded slightly. Resistance levels were evident at 0.0539 and 0.0545 earlier in the session.
Moving Averages

The 20-period and 50-period 5-minute moving averages were bearishly aligned by early morning, suggesting a breakdown in bullish momentum. Daily 50/100/200 MA lines were not available at the time of analysis but likely showed a bearish divergence.
MACD & RSI
The RSI dropped below 30 during the price collapse, signaling an oversold condition. MACD lines were in negative territory, reflecting bearish momentum that appears to have peaked by mid-morning.
Bollinger Bands
Volatility expanded significantly following the early morning breakdown, with bands widening as price approached the 0.0483 level. Price action remained near the lower band for several hours, indicating weak near-term demand.
Volume & Turnover
Volume surged to over 1.0 million near the low, confirming the bearish move. Turnover increased in tandem with price declines, showing strong conviction in the downward move.
Fibonacci Retracements
The 61.8% Fibonacci retracement level from the recent 5-minute high to the low was at 0.0494, which briefly halted the decline in early morning trading.
Price may test key support levels again if buyers emerge. However, bearish momentum remains strong, and a continuation toward 0.0480 or lower could occur if no substantial buying interest appears. Investors should monitor volume and RSI for signs of exhaustion or reversal.
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