Market Overview for Across Protocol/Tether (ACXUSDT)

Summary
• Price consolidated between 0.0721 and 0.0756, with bearish momentum in early hours.
• RSI suggests oversold levels briefly, but no clear breakout formed.
• Volume spiked in the 12:00–15:00 ET window, confirming bearish pressure.

Across Protocol/Tether (ACXUSDT) opened at 0.0749 on 2025-11-11 at 12:00 ET and closed at 0.0749 on 2025-11-12 at 12:00 ET, hitting a high of 0.0765 and a low of 0.0721. The 24-hour trading volume totaled 1,625,781.3, with a notional turnover of $117,932.44 (0.0721–0.0765).

Structure & Formations

ACXUSDT formed multiple small bearish candlesticks and a few bearish engulfing patterns between 17:00–19:30 ET (UTC-5), indicating short-term selling pressure. A notable bearish engulfing appeared at 19:15 ET, followed by a drop to 0.0739. Support levels emerged around 0.0736–0.0731, while resistance levels formed at 0.0742–0.0746.

Key Patterns

A bearish engulfing at 19:15 ET and a potential three-black-crows pattern at 21:00–22:15 ET signaled short-term bearish continuation. No significant bullish reversal patterns formed during the session, and the price remained range-bound after the 20:30 ET dip.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, both hovering around 0.0743–0.0746. Price spent most of the session below both, suggesting bearish bias in the short term. Daily moving averages (50, 100, 200) show a more neutral setup, with the 200SMA acting as a key baseline at ~0.0740.

MACD & RSI

The MACD crossed into negative territory after 19:00 ET and remained bearish, with a histogram showing consistent bearish momentum in the late ET hours. RSI hit oversold levels (below 30) between 20:00–21:00 ET, but failed to trigger a strong rebound.

Bollinger Bands

Bollinger Bands showed moderate volatility, with a mid-session contraction from 00:00–02:00 ET followed by expansion after 03:00 ET. Price remained near the lower band for most of the session, indicating oversold pressure and potential for a bounce.

Volume & Turnover

Trading volume was elevated in the 12:00–15:00 ET window, with a peak of 264,923.2 volume units at 13:15 ET, coinciding with a sharp drop from 0.0748 to 0.0758. Turnover aligned with this move, showing strong bearish conviction. Divergence between volume and price was minimal, suggesting consistent bearish pressure.

Fibonacci Retracements

On the 15-minute chart, price retested the 61.8% Fibonacci level at 0.0739 after the 19:15 ET bearish engulfing move. Daily retracement levels showed no immediate breakdown below the 38.2% level at ~0.0732.

Backtest Hypothesis

The identified bearish engulfing patterns on ACXUSDT have historically failed to provide a reliable short-term edge. Despite 27 signals since 2022, the average one-day return is only +0.14% with a 44% win rate, underperforming a flat benchmark. Cumulative performance declines after day three, and no statistically significant edge exists beyond that. Traders should be cautious of relying on bearish engulfing signals alone and consider integrating additional filters such as volume, RSI, and Fibonacci levels for better accuracy.