Market Overview for Across Protocol/Tether (ACXUSDT) – 2025-09-19

• ACXUSDT opened at $0.1387 and closed at $0.1318, down 4.97% over 24 hours.
• Price formed bearish patterns including a large inside bar near $0.1401–$0.1397 and a bearish engulfing pattern at $0.1404–$0.1391.
• Volatility increased sharply after 20:00 ET, with a high of $0.1415 and low of $0.1371.
• RSI reached overbought territory twice during the session, but failed to confirm with strong bullish follow-through.
• Turnover surged at key inflection points, confirming bearish momentum after $0.1406 break.

Across Protocol/Tether (ACXUSDT) opened at $0.1387 on 2025-09-18 at 12:00 ET and closed at $0.1318 by 12:00 ET on 2025-09-19. The 24-hour high was $0.1415, and the low was $0.1359. Total volume reached 3,600,899.5, with a notional turnover of approximately $488,641. The session featured sharp bearish momentum and key support tests.

Structure & Formations

ACXUSDT exhibited a distinct bearish bias following a critical break below $0.1406, which acted as a pivot point. A large inside bar formed at $0.1404–$0.1391, followed by a bearish engulfing pattern at $0.1404–$0.1391, suggesting exhaustion of buyers. The price then settled near $0.1390, a key psychological level and a previous consolidation zone. A strong bearish flag pattern emerged between $0.1415 and $0.1369, which was confirmed by a break below the descending trendline. This suggests further downside risk into $0.1340 and $0.1330.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bearish crossover, with the 20SMA dipping below the 50SMA in the final hours. This reinforced the bearish sentiment and suggested continuation of the current downtrend. On the daily chart, the 50-period, 100-period, and 200-period moving averages all remained in a descending order, with the price currently below the 200SMA, a key long-term bearish signal.

MACD & RSI

The MACD crossed below the zero line during the late hours of the session, with the histogram showing a clear bearish divergence. RSI moved into overbought territory twice (peaking at ~66–67), but failed to follow through with a bullish move, leading to a sharp bearish correction. This indicates a lack of conviction in the bulls' ability to hold higher ground. The RSI is currently in neutral to bearish territory (around 50–54), with a potential target of the 30–40 range if the downward trend continues.

Bollinger Bands

Volatility widened significantly during the evening hours, with the Bollinger Bands expanding to capture the full swing from $0.1369 to $0.1415. The price closed near the lower band, reinforcing the bearish sentiment and indicating possible continuation of the downtrend. The band contraction earlier in the day failed to trigger a reversal, suggesting that the market is likely to continue testing key support levels.

Volume & Turnover

Volume spiked at key inflection points, particularly during the break below $0.1406 and again during the late-night sell-off from $0.1390 to $0.1359. These spikes confirmed the bearish momentum. Notional turnover rose to a 24-hour peak of $6,500 at $0.1406 and again to $5,200 at $0.1370. The divergence between price and turnover in the morning hours suggests a potential bear trap, but the subsequent confirmed breakdown invalidates this.

Fibonacci Retracements

Applying Fibonacci to the key 15-minute swing from $0.1390 to $0.1415, the price found initial support at the 38.2% level ($0.1402), but the breakdown below $0.1406 triggered a move to the 61.8% level at $0.1389. Daily Fibonacci levels from the swing high of $0.1415 to the low of $0.1359 suggest potential support at $0.1370 (38.2%), $0.1359 (50%), and $0.1343 (61.8%). A break below $0.1343 could target $0.1324 (78.6%).

Backtest Hypothesis

A potential backtesting strategy involves entering a short position on a close below the 20-period moving average on the 15-minute chart, with a stop-loss above the recent swing high. The take-profit is set at the 61.8% Fibonacci level from the most recent swing. This setup was confirmed during the late hours of the session, when the price closed below both the 20SMA and 50SMA, with clear bearish confirmation from volume and price action. The strategy would have generated a target of $0.1343, aligning with key Fibonacci levels and Bollinger Band projections.