Market Overview: Across Protocol/Tether (ACXUSDT) – 24-Hour Analysis

Summary
• Price tested key resistance at $0.0505, failing to hold above it and retreating to consolidation.
• RSI shows overbought conditions in late trading, hinting at potential reversal.
• Bollinger Bands indicate moderate volatility with price oscillating near the midline.
• Volume surged in early ET hours but faded sharply by midday, suggesting waning bullish momentum.
• A bearish engulfing pattern formed after the 17:00 ET candle, signaling possible downward pressure.

Across Protocol/Tether (ACXUSDT) opened at $0.0492 on 2025-12-19 12:00 ET, touched a high of $0.0505, and closed at $0.0502 on 2025-12-20 12:00 ET. Total volume reached 1,393,998.9, with turnover amounting to $69,643.2.

Structure and Key Levels

Price encountered resistance at $0.0505 during the final hours of the session, marked by a rejection candle that formed a bearish engulfing pattern. A key support zone between $0.0495 and $0.0493 held during a sharp retracement on the 23:45–00:00 ET candles, preventing a deeper correction. A 61.8% Fibonacci retracement of the recent bullish leg aligns closely with $0.0496, which saw consolidation in early morning trading.

Moving Averages and Momentum

The 5-minute 20-period and 50-period moving averages were in bullish alignment for much of the session, supporting the early upward thrust. However, by late morning, the 20SMA crossed below the 50SMA, signaling a shift in sentiment. MACD showed a bearish crossover after 16:00 ET, aligning with the bearish engulfing pattern. RSI reached overbought territory in the final hours, suggesting a potential pullback may be imminent.

Volatility and Volume

Volatility increased during the 19:45–20:00 ET candle, with a wide range of $0.0003 and a large volume of 63,967.3. This was followed by a contraction in volatility, with Bollinger Bands narrowing ahead of a key breakout attempt. Turnover spiked sharply in early ET hours, but volume quickly dissipated, indicating a lack of conviction in the move. This divergence between volume and price suggests that the upward move may lack follow-through.

Fibonacci and Short-Term Bias

Fibonacci levels from the 19:30–19:45 ET swing high to the 23:45–00:00 ET swing low show key retracement levels at $0.0499 and $0.0496, both of which were tested within the 24-hour period. The 61.8% level at $0.0496 was a key consolidation point for the midday retracement. A retest of the $0.0502 close price appears likely in the next 24 hours, though a breakdown below $0.0495 could trigger a test of the $0.0493–0.0492 support range.

In the next 24 hours, ACXUSDT may consolidate near the $0.0502 level, with a watch on whether bears can push through $0.0496. Investors should remain cautious on aggressive longs due to weakening volume and mixed momentum signals.