Market Overview for Across Protocol/Tether (ACXUSDT)

• ACXUSDT traded in a 24-hour range of $0.1188–$0.1236, closing at $0.1198 with a bearish 1.12% decline.
• Price tested prior resistance at $0.1210 and failed to hold above $0.12, with a breakdown into support zones below.
• RSI and MACD showed bearish momentum, while volume surged during the breakdown below $0.1205.
• Bollinger Bands expanded toward the end of the session, signaling increased volatility ahead.
• Notable 15-minute doji and rejection candles at key levels indicated growing short-term indecision.

At 12:00 ET on 2025-10-03, ACXUSDT opened at $0.1198, having traded as high as $0.1236 and as low as $0.1188 in the prior 24 hours. The pair closed at $0.1198, down 1.12%. Total volume reached 1,334,471.1 units, with a notional turnover of $165,016.60.

Structure and formations on the 15-minute chart showed a bearish breakdown from $0.1210, with price failing to close above that level for the last 5 hours. A 15-minute doji at $0.1205 and a rejection candle at $0.1209 signaled distribution pressure. Key support levels emerged at $0.1200 and $0.1195, both of which held during the late ET session. The 20-period and 50-period moving averages remained bearishly aligned, with price below both.

Volume spiked during the breakdown below $0.1210, reaching a 15-minute high of 139,731.5 units. Notional turnover also increased, aligning with the price move. However, a divergence appeared as volume declined on a rally above $0.1205, signaling weaker conviction. The 20-period Fibonacci retracement of the $0.1188–$0.1236 swing suggested 38.2% at $0.1218 and 61.8% at $0.1200, both of which were tested or breached during the session.

Backtest Hypothesis

The described backtesting strategy could be implemented by entering a short position on a confirmed close below $0.1210 with a stop above the high of the breakdown candle. A target could be set at $0.1195, using the 61.8% Fibonacci retracement as a logical first level. Given the recent RSI divergence and MACD bearish crossover, this approach would align well with the current bearish bias, while also managing risk with a defined stop and target. The strategy could be tested for performance over the past 30 days using daily and 15-minute data to assess win rate, risk-reward ratio, and drawdowns.