Market Overview: Across Protocol/Tether (ACXUSDT) – 24-Hour Price Action and Technical Insights

• Price declined from a 15-minute high of $0.1247 to a 24-hour low of $0.1165, with bearish momentum evident in afternoon trading.
• RSI and MACD signaled oversold conditions in early morning hours, followed by weak recovery.
• Volatility expanded in the 15–18 ET window, with high-volume bearish divergence in key resistance zones.
• Bollinger Bands widened during the downward leg, indicating increased uncertainty and price dispersion.
• Notable bearish engulfing patterns emerged at $0.121–0.122, suggesting bear dominance during key support breakdown.

Across Protocol/Tether (ACXUSDT) opened at $0.121 on 2025-10-03 12:00 ET and reached an intraday high of $0.1247 before declining to a 24-hour low of $0.1165. The price closed at $0.1186 on 2025-10-04 12:00 ET. Total volume for the period amounted to 10,858,254.7, with notional turnover at $1,325,641.2.

The 24-hour candlestick pattern on the 15-minute chart displayed a distinct bearish trend with multiple engulfing formations and key support breakdowns. A notable bearish engulfing candle formed at $0.121–0.122, where volume spiked above 140k, signaling conviction in the downward move. Resistance levels at $0.1225 and $0.1235 were tested multiple times but failed to hold, especially in the afternoon, as price pushed below the 50-period moving average.

Bollinger Bands widened between 17:00 and 19:00 ET as the price moved from the upper to the lower band, reflecting increased volatility. The RSI dipped below 30 for an extended period, suggesting oversold conditions, but failed to generate a meaningful rebound, hinting at bearish exhaustion. The MACD line crossed below the signal line in the late afternoon, reinforcing the bearish momentum. Volume and turnover aligned well with the price movement, showing no divergence—confirming the strength of the sell-off.

Fibonacci retracement levels at 38.2% (~$0.121) and 61.8% (~$0.120) were tested in the morning but failed to hold. A potential support zone lies around $0.119–0.1175, with the 200-period MA acting as a critical long-term level. The 15-minute timeframe 20- and 50-period moving averages both turned bearish, with the 50-period line crossing below the 20-period line early in the 16:00–18:00 window.

The near-term outlook for ACXUSDT appears bearish, with price likely to test the $0.1175–$0.1185 range over the next 24 hours. A break below this support could target $0.1165–0.1150. Investors should monitor the 50-period MA and key Fibonacci levels for potential short-covering or bearish continuation signals. As with all crypto assets, rapid liquidity shifts and macro trends can significantly alter the trajectory.

Backtest Hypothesis
A backtesting strategy could be built around a “bearish engulfing + RSI divergence” signal at key Fibonacci levels. For example, if a bearish engulfing pattern forms below the 38.2% Fibonacci level and the RSI shows bearish divergence (price higher, RSI lower), a sell signal could be triggered. Stop-loss could be placed above the nearest resistance, and take-profit targets could align with the 61.8% level and beyond. Given the recent behavior of ACXUSDT, this setup may have generated consistent short-term bearish signals in the 15–18 ET window, with favorable risk-reward ratios.