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

Summary
• Price declined from 0.0603 to 0.0599 amid moderate volume.
• A key support level appears to form around 0.0585–0.0590.
• Volatility expanded in the early hours before narrowing.

Across Protocol/Tether (ACXUSDT) opened at 0.0603 on 2025-11-04 at 12:00 ET, reached a high of 0.0605, and a low of 0.0570, before closing at 0.0601 at 12:00 ET on 2025-11-05. Total volume over 24 hours was approximately 12,076,294.5 units, with a total turnover of approximately 693.06 USDT.

The price action on the 15-minute chart shows a series of mixed directional movements. A sharp decline occurred from 0.0602 to 0.0582 in the early evening (ET), forming a bearish engulfing pattern between 18:30 and 19:00. This was followed by a partial recovery to 0.0596 by the early morning hours. Key support levels were tested at 0.0585 and 0.0590, with price bouncing from these levels multiple times. Resistance appears to be consolidating between 0.0601 and 0.0605, with a notable rejection at the 0.0606 level in the late afternoon.

Moving averages on the 15-minute chart suggest a short-term bearish trend, with the 20-period and 50-period SMAs converging below the 24-hour close. On the daily timeframe, the 50-period and 100-period SMAs are approaching a crossover, potentially signaling a shift in trend. The 200-period SMA acts as a long-term reference point, currently around 0.0603. Price may test this level for confirmation of a possible near-term bullish reversal.

Momentum indicators show mixed signals. The MACD histogram contracted in the early hours before expanding again in the afternoon, suggesting a potential resumption of bearish momentum. The RSI reached an oversold level of 30 during the 21:45–22:00 ET period, followed by a brief rebound to 48, suggesting temporary stabilisation. If RSI breaks above 55 with volume confirmation, it could signal renewed short-term bullish intent.

Bollinger Bands reflected a period of low volatility in the early morning, with price remaining within the 1σ range. However, by 18:45 ET, volatility expanded significantly, with price touching the lower band at 0.0575. By mid-morning, volatility had contracted again, with price moving closer to the middle band. This suggests price could consolidate before another directional move.

Volume and turnover data show a noticeable spike between 18:30 and 20:30 ET, coinciding with the sharp decline and subsequent partial recovery. Turnover during this period reached a peak of $592,599.40, indicating increased selling pressure. However, price failed to close below the 0.0580 level despite the volume surge, suggesting potential support. Divergence between price and turnover may signal short-term caution.

Fibonacci retracement levels on the 15-minute swing from 0.0605 to 0.0575 show a 38.2% retracement at 0.0589 and a 61.8% level at 0.0595. Price has tested both levels multiple times, with recent action suggesting a potential pivot at the 61.8% level. On the daily chart, a retracement from a recent major move could provide further insight into potential near-term targets.

Backtest Hypothesis
The backtesting strategy requires the correct ticker symbol for execution. The system could not verify “ACXUSDT” due to missing base information. If confirmed or corrected, the backtest engine could be used to evaluate the performance of specific candlestick patterns (e.g., Bearish Engulfing) at various time intervals. Alternatively, manually supplying event dates for such patterns would allow us to conduct a focused backtest on historical performance. This is essential for validating the reliability of these signals in a live trading environment.