Market Overview: Across Protocol/Tether (ACXUSDT) on 2025-11-08

Generated by AI AgentTradeCipherReviewed byRodder Shi
Saturday, Nov 8, 2025 6:38 pm ET1min read
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- ACXUSDT rose to 0.0755 before consolidating near 0.0738–0.0740 on 2025-11-07-08, with volume spiking at key levels.

- RSI showed overbought/oversold swings, MACD turned bearish after brief bullishness, and Bollinger Bands indicated moderate volatility.

- Fibonacci levels highlighted 0.0722 and 0.075 as critical support/resistance, while a bullish engulfing pattern failed to confirm due to data-service errors.

Summary
• Price rose to 0.0755 before consolidating near 0.0738–0.0740.
• Volume spiked near 0.075 and 0.0736, indicating active interest.
• RSI showed overbought and oversold swings; MACD turned bearish after a short bullish phase.
• Bollinger Bands highlighted a moderate volatility range.
• Fibonacci levels suggested 0.0722 and 0.075 as key areas to watch.

Across Protocol/Tether (ACXUSDT) opened at 0.0707 on 2025-11-07 at 12:00 ET and closed at 0.0738 on 2025-11-08 at 12:00 ET. The pair reached a high of 0.0755 and a low of 0.0702. Total volume traded over 24 hours was 4,491,010.3, with a notional turnover of approximately $328,000.

Structure & Formations


Price action revealed a key bullish engulfing pattern around 2025-11-08 00:15–00:30 ET, where price surged from 0.0734 to 0.0752. A consolidation phase followed, with a bearish reversal forming after 0.0753. Key support levels emerged at 0.0736 and 0.0724, while 0.0745 and 0.0751 served as short-term resistance.

Moving Averages


On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover early in the session, but diverged as the day progressed. On a daily timeframe, the 50/100/200 MA lines remained flat, suggesting a neutral trend.

MACD & RSI


The MACD line crossed above the signal line early in the session, confirming a short-term bullish momentum. However, by midday, it turned bearish, aligning with price consolidation. RSI fluctuated between overbought (above 70) and oversold (below 30) levels, highlighting strong intraday volatility.

Bollinger Bands


Price hovered near the upper Bollinger Band between 0.074 and 0.0751, indicating high volatility. A contraction occurred near 0.0736 before expanding again, suggesting a potential breakout or breakdown scenario.

Volume & Turnover


Volume surged around 0.075 and 0.0736, confirming these levels as key turning points. However, notional turnover diverged slightly from price action in the afternoon, hinting at mixed sentiment.

Fibonacci Retracements


Recent swings identified 0.0722 (38.2%), 0.0730 (50%), and 0.0736 (61.8%) as critical support levels. On the upside, 0.0745 and 0.0751 may act as resistance. These levels may determine the next phase of price direction.

Backtest Hypothesis


To validate the significance of the bullish engulfing pattern observed on 2025-11-08 00:15–00:30, a backtest using historical Bullish Engulfing signals is recommended. However, the data-service returned an error, possibly due to an incorrect or unsupported ticker symbol (ACXUSDT). To proceed:

  1. Verify if “ACXUSDT” is the correct symbol and supported on major exchanges (e.g., Binance, Coinbase).
  2. If unavailable, consider using a supported symbol (e.g., BTCUSDT) or manually inputting historical Bullish Engulfing dates for ACXUSDT.

With accurate data, the strategy would involve entering a long position on each confirmed signal and holding for 24 hours to assess performance. A complete performance report, including win rate, risk-reward ratio, and drawdown, would follow. This can help determine whether the pattern holds predictive value for ACXUSDT.