Market Overview for Across Protocol/Tether (ACXUSDT) – 2025-10-09

• Price declined from $0.1180 to $0.1112 over 24 hours, forming bearish momentum.
• RSI and MACD both signaled weakening bullish momentum and potential oversold conditions.
• Volatility expanded in early hours, followed by consolidation around Bollinger Bands’ lower channel.
• Notable volume spikes occurred during key price reversals, suggesting active participation.
• A bearish engulfing pattern formed near the high, with a potential support level forming around $0.1112.

Across Protocol/Tether (ACXUSDT) opened at $0.1166 (12:00 ET − 1), hit a high of $0.1192, and closed at $0.1112 (12:00 ET). Total 24-hour volume reached 1,890,702.3 units, with a notional turnover of $209,482.50. The pair experienced a strong bearish move amid increased volatility and volume surges.

Structure & Formations

The price structure displayed a clear bearish bias, with a peak at $0.1192 followed by a swift decline. A bearish engulfing pattern formed during the early part of the session, confirming a reversal from bullish to bearish sentiment. A key support level appears to be forming around $0.1112, where the price found a temporary bottom. A doji candle near this level suggests indecision and possible short-term stabilization. Additionally, Fibonacci retracement levels at 61.8% and 38.2% of the prior bullish wave have become relevant psychological barriers for potential bounces.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed bearishly below price, reinforcing the downtrend. On the daily chart, the 50- and 200-day moving averages are also in a bearish alignment, indicating a long-term bearish setup. Traders may monitor a potential retest of the 50-period line as a dynamic support level in the coming hours.

MACD & RSI

The MACD line crossed below the signal line in the early hours, confirming the bearish momentum. RSI dropped below 30, suggesting the market may be oversold. However, given the strong downward volume, a rebound may be weak or short-lived. Traders should watch for a potential RSI divergence if prices stabilize and RSI does not confirm the move.

Bollinger Bands

Volatility expanded in the early part of the session, pushing prices to the upper Bollinger Band, but quickly contracted as the decline accelerated. The price now sits near the lower band, indicating a high level of bearish pressure. A reversal from this level may signal a short-term bounce, but a break below the band could indicate further weakness.

Volume & Turnover

Volume spiked during the formation of the bearish engulfing pattern and again as the price tested the $0.1112 level. These spikes confirm strong bearish conviction. Notional turnover increased proportionally with price declines, showing consistent selling pressure. No significant divergence between price and volume suggests the bearish trend could continue unless a strong reversal occurs with increased volume.

Fibonacci Retracements

Fibonacci levels drawn from the recent high at $0.1192 to the low at $0.1112 highlight potential support at $0.1136 (38.2%) and $0.1147 (50%), which may act as minor bounces. A break below $0.1112 could target the next retracement level at $0.1106, where the price might find new support or face further liquidation.

Backtest Hypothesis

The observed bearish engulfing pattern, coupled with oversold RSI and strong volume confirmation, aligns with a short-term sell strategy targeting the next Fibonacci level. A backtest of this strategy—triggering a short on the close of the engulfing candle and a stop above the high of the pattern—would likely show a favorable risk-reward profile over the next 48 hours. However, the presence of a doji at support suggests a possible counter-trend move, so including a trailing stop or a time-based exit could enhance strategy robustness in volatile environments.