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

• Price declined 24 hours, closing at 0.0778 after an early dip to 0.074, with a modest recovery in the final hours.
• Momentum weakened, with RSI dipping near oversold territory and MACD showing a bearish crossover.
• Volatility expanded, as seen in wide swings and a large volume spike during the 21:15 ET candle.
• Bollinger Bands stretched, indicating heightened uncertainty and potential for a consolidation or breakout.
• Volume and turnover aligned, with strong volume driving most of the early sell-off and late-session recovery.

Across Protocol/Tether (ACXUSDT) opened at 0.0793 on 2025-10-22 at 12:00 ET and closed at 0.0778 on 2025-10-23 at 12:00 ET, with a high of 0.0803 and a low of 0.074 during the 24-hour window. Total volume was 2,343,887.0, with a notional turnover of approximately $180,280. The pair experienced a broad sell-off followed by a gradual recovery in the afternoon hours, showing signs of both bearish momentum and some short-term stabilization.

The structure of the 24-hour chart revealed key support levels forming near 0.074–0.076 and resistance at 0.079–0.0803. A notable bearish engulfing pattern appeared on the 21:15 ET candle, marking a sharp 0.0029 decline amid a volume spike. This was followed by a smaller bullish inside bar on the 23:45 ET candle, suggesting possible short-covering or accumulation near the 0.077–0.0775 zone. The pattern mix indicates a tug-of-war between bears and bulls, with the former gaining the upper hand for most of the session.

Moving averages on the 15-minute chart showed a clear bearish bias, with the 20-period and 50-period lines both trending downward. On the daily chart, the 50-day MA was at 0.0781, the 100-day at 0.0788, and the 200-day at 0.0793, placing the current price just below the 50-day line. This suggests that while the short-term trend is bearish, the mid-term trend is beginning to show signs of weakening pressure from long-term buyers.

MACD on the 15-minute chart crossed below the signal line during the early sell-off, confirming a bearish momentum shift. RSI hit a low of 22 near 0.074, signaling oversold conditions and potentially setting the stage for a short-term bounce. Bollinger Bands widened significantly during the 21:15–22:00 ET window, reflecting heightened volatility. Price briefly broke above the upper band after 07:00 ET but quickly retracted, indicating a lack of conviction behind the rally.

Volume and turnover aligned closely with price action, showing a sharp increase during the sell-off phase and a smaller but steady volume buildup during the recovery phase. The 21:15 ET candle saw a 438,231 volume spike, the largest in the dataset, and it coincided with a large price decline. This confirms the strength of the bearish move and contrasts with the weaker volume of the subsequent bullish rebound, suggesting that buyers may be cautious or fragmented.

Fibonacci retracements applied to the 0.0803–0.074 swing identified key levels at 0.0775 (38.2%), 0.0768 (50%), and 0.0761 (61.8%). The price briefly tested 0.0775 twice in the afternoon and closed near that level, suggesting potential near-term support. On the daily chart, the 0.0778–0.0796 range represented a 38.2% retracement of the larger swing, indicating a possible consolidation zone.

Backtest Hypothesis

To better understand potential trading strategies based on recent behavior, a backtesting framework could be built using the RSI indicator. Given the recent RSI dip to 22, a standard RSI oversold condition, an RSI < 30 entry rule could be tested. A common exit strategy would involve selling when RSI rises above 50 or 70, depending on risk tolerance and market conditions. This approach could be complemented by holding rules such as a 10–20-day time-based exit or a combination of RSI and price-based signals.

For a robust back-test, confirmation of a valid ticker is essential. If “RULE.B” is not recognized by the data source, identifying the correct ticker (e.g., with a suffix like “.US”) or an alternative ETF could allow the test to proceed. For price-type and timing, entering/exit at the next-day open based on the prior-day signal is a prudent default, though alternatives like closing prices can also be explored.