Market Overview for Across Protocol/Tether (ACXUSDT) - 2025-09-23

• Price declined by -1.48% in 24h with a low at 0.1113 and close near that level.
• Volatility expanded in the morning before consolidating below key resistance at 0.114.
• High volume consolidation below 0.114 suggests bearish control and potential for further test of support at 0.1113.
• RSI below 30 and low MACD divergence indicate oversold conditions, but bearish momentum remains intact.
• Bollinger Bands show a recent contraction, suggesting a potential breakout or continuation to the downside.

The price of Across Protocol/Tether (ACXUSDT) opened at 0.1139 on 2025-09-22 12:00 ET, reached a high of 0.1157, dropped to a low of 0.1113, and closed at 0.1138 at 12:00 ET on 2025-09-23. Total volume was 9,185,311.0 and total turnover (notional value) was approximately 1,049,575.6 USD over the 24-hour period.

Structure & Formations

Price action showed a bearish bias, with a key resistance level forming around 0.114, which was tested multiple times but failed to hold. A notable bearish engulfing pattern was observed during the afternoon hours, reinforcing the downward trend. Additionally, a doji candle near 0.1155 suggested indecision at that level. The price has since tested support at 0.1113, which appears to be a critical level for near-term buyers.

Moving Averages

Short-term moving averages (20/50-period 15-min chart) crossed below the price, confirming bearish momentum. On the daily chart, the 50-period MA sits above the 200-period MA, indicating a neutral to slightly bearish bias in the longer term. The price remains below both the 50 and 100-period daily MAs, suggesting further downward pressure may follow.

MACD & RSI

The MACD line has turned negative, indicating bearish momentum, while the signal line remains slightly above the zero line. RSI has dipped into oversold territory, with a reading of approximately 28, suggesting potential for a rebound. However, divergence between price and RSI is weak, and the bearish trend appears to have more strength.

Bollinger Bands

Volatility expanded during the early part of the session, pushing prices toward the upper band before a sharp pullback. The recent consolidation has pushed prices closer to the lower band, indicating a potential oversold condition. A breakout above the upper band could signal renewed bullish interest, though the current trend remains bearish.

Volume & Turnover

Volume spiked during the morning hours, coinciding with a sharp pullback from 0.1157 to 0.114. However, volume decreased significantly during the afternoon and evening, suggesting weakening bearish momentum. The latest leg down to 0.1113 was accompanied by moderate volume, indicating that the bearish move is not yet exhausted. Turnover has also declined, supporting the idea of a consolidation phase.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing high at 0.1157 and swing low at 0.1113, the 0.382 (0.1134) and 0.618 (0.1125) levels have acted as support. The 61.8% level at 0.1125 is now in focus, with a potential breakdown indicating a possible test of the 0.1113 level.

Backtest Hypothesis

A potential backtesting strategy involves using the 50-period moving average as a dynamic support/resistance trigger combined with RSI as a momentum filter. Specifically, long entries are triggered when price crosses above the 50 MA and RSI rises above 30 from below. Conversely, short entries are triggered when price falls below the 50 MA and RSI drops below 70. This approach aims to capture directional moves during high volatility periods, such as those seen in the morning hours. Given today’s performance, the strategy would have triggered short entries following the afternoon consolidation and failed rally above 0.114.