Market Overview for Across Protocol/Tether (ACXUSDT) on 2026-01-17

Summary
• Price formed a bullish engulfing pattern near 0.0545, followed by consolidation.
• RSI showed brief overbought conditions, with momentum retreating toward equilibrium.
• Bollinger Bands tightened during late-night trading, signaling potential volatility expansion.
• Turnover surged at 23:45 and 05:30 ET, confirming key support and resistance levels.
• Volume-based divergence appeared near 0.0548, hinting at potential short-term bearish pressure.

Market Overview

At 12:00 ET, ACXUSDT opened at 0.0537, hit a high of 0.0551, and a low of 0.0534, closing at 0.0547. Total 24-hour volume was 1,051,669.3 with $58,606.35 turnover.

Price Structure and Patterns

. Price action showed a bullish engulfing pattern near 0.0545, suggesting short-term buying interest. Later consolidation above 0.0545 suggested buyers may be testing resistance. A bearish doji appeared near 0.0548, hinting at indecision.

Momentum and Volatility

RSI briefly entered overbought territory around 23:45 ET but retreated into neutral ground, indicating waning bullish momentum. Bollinger Bands narrowed overnight, suggesting potential for a breakout or breakdown in the near term.

Volume and Turnover Analysis

Volume spiked at 23:45 ET and again at 05:30 ET, coinciding with key support and resistance levels. Notional turnover confirmed the strength of the 0.0547 level. A divergence between price and volume was noted near 0.0548, potentially signaling short-term bearish pressure.

Fibonacci and Trend Implications

Price appears to be consolidating after a morning rally and late-night test of support. A breakout above 0.0549 could invite further bullish momentum, while a retest of 0.0544 may trigger a near-term pullback. Investors should remain cautious for volatility shifts and divergence signs in the next 24 hours.