Market Overview: Across Protocol/Tether (ACXUSDT) – 2025-09-27

• Price rose from $0.1092 to $0.1124, showing 24-hour bullish momentum.
• High volume observed in late-night and early-morning trading, confirming price action.
• RSI and MACD suggest overbought conditions near highs, hinting at potential pullback.
• Bollinger Bands show moderate expansion, with price near upper band in key periods.
• 61.8% Fibonacci level near $0.1109 coincided with consolidation and short-term resistance.

Across Protocol/Tether (ACXUSDT) opened at $0.1092 on 2025-09-26 at 12:00 ET and closed at $0.1124 on 2025-09-27 at 12:00 ET, reaching a high of $0.1140 and a low of $0.1091 during the 24-hour period. Total trading volume was 5,569,926.5 and notional turnover reached $598,271.15. The pair exhibited a strong bullish bias driven by high volume and extended hours of upward momentum.

Structure & Formations

The 15-minute chart revealed a series of ascending channel formations, with key support levels at $0.1109, $0.1116, and $0.1123, and resistance at $0.1133, $0.1140, and $0.1128. A bullish engulfing pattern appeared around 22:30 ET, followed by a higher high and higher close, suggesting a reversal from earlier indecision. A bearish divergence emerged in late morning trading, as price reached a high near $0.1134 but failed to close above it, hinting at potential consolidation or pullback.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover early in the session, reinforcing the upward bias. By midday, the 20SMA pulled closer to the 50SMA, indicating a possible slowdown. On a broader scale, daily moving averages (50/100/200) were not provided, but the 15-minute data suggests the price is trading above all relevant shorter-term moving averages, supporting continuation of the current bullish trend.

MACD & RSI

The MACD turned positive mid-session and remained so through the majority of the period, with a strong bullish histogram indicating growing momentum. The RSI peaked near 70, signaling overbought conditions, especially in the early morning hours. A RSI divergence was observed as the indicator failed to reach new highs during the last bull move, suggesting caution for near-term continuation.

Bollinger Bands

Volatility expanded as the Bollinger Bands widened after 02:00 ET, and price traded near the upper band for much of the session. The last hour before close showed a retraction and re-entry into the band’s upper range, which may indicate a test of upper resistance before potential pullback. The middle band remained below price, affirming the bullish bias but also suggesting tightening of range if volatility contracts again.

Volume & Turnover

Volume spiked during the night hours (02:00–05:00 ET) and in the late morning (09:00–10:00 ET), coinciding with price breakouts and retests of key levels. Turnover increased in line with volume, confirming conviction in the price direction. A volume divergence was seen around 12:00–13:00 ET when price failed to close higher despite moderate volume, suggesting potential bearish reversal.

Fibonacci Retracements

Applying Fibonacci to the major 15-minute swing from $0.1092 to $0.1140, the 61.8% retracement level was at $0.1118, which was a key area of consolidation and short-term support. The 38.2% level at $0.1128 acted as resistance before the final push to the high. These levels could continue to offer significance in the next 24 hours as either support or resistance.

Backtest Hypothesis

The described backtesting strategy aligns well with the observed 15-minute bullish momentum and Fibonacci structure. A buy signal generated on a bullish engulfing pattern with confirmation via a breakout of the 50SMA and a RSI crossing into overbought territory could have captured much of the upward move. Conversely, a sell signal triggered by a RSI divergence and volume contraction after the high of the day might have protected gains from the potential pullback. This approach appears to offer robust entries and exits based on the patterns and indicators observed in the 24-hour window.