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Summary
• Price broke above 0.0502–0.0503 resistance with bullish engulfing and volume confirmation.
• Momentum slowed in late hours, with RSI showing overbought signs and potential near-term pullback.
• Volatility expanded during 20:00–23:30 ET, with high turnover confirming bullish breakouts.
• Bollinger Bands saw price trading near the upper band during key rally phases.
Across Protocol/Tether (ACXUSDT) opened at 0.0496 on 2025-12-23 at 12:00 ET, reached a high of 0.0507, traded as low as 0.0489, and closed at 0.0497 at 12:00 ET on 2025-12-24. Total volume for the 24-hour period was 1,113,868.0 units, with a notional turnover of approximately $54,400.
Structure & Formations
Price action developed a bullish reversal pattern around 0.0502–0.0503, where volume surged and a series of engulfing candles confirmed the breakout. A key support level appears near 0.0496–0.0497, which held during late-night selling pressure. The 0.0494 level could offer further support if bears reassert control.
Moving Averages and Momentum
On the 5-minute chart, price closed above the 20 and 50 SMA, suggesting short-term bullish bias. The 50-period MA is approaching the 0.0500 level, which could serve as a dynamic support/resistance.

Volatility and Bollinger Bands
Bollinger Bands expanded during the 20:30–23:30 ET window, coinciding with the 0.0502–0.0507 price action. Price spent much of the session near or above the upper band, indicating high volatility and strong demand. A contraction in band width is expected in the near term, suggesting a potential reversal phase.
Volume and Turnover
Volume spiked during the breakout phase between 20:00 and 23:30 ET, particularly around the 0.0502–0.0507 range, where $540,564.5 in notional turnover occurred. This confirms the bullish breakout. However, in the final 6–8 hours, volume diminished, suggesting waning momentum and potential profit-taking.
Fibonacci Retracements
The recent 0.0496–0.0507 swing on the 5-minute chart shows 61.8% retracement near 0.0503, where price consolidated for several hours. On the daily chart, the 38.2% and 61.8% retracements from recent highs and lows align with the 0.0502 and 0.0494 levels, respectively, reinforcing their importance.
Looking ahead, price may test the 0.0505–0.0507 level for resistance, with a potential pullback to 0.0502–0.0503 as a possible outcome. Investors should watch for divergence in RSI and volume during consolidation. As always, sharp moves are possible due to low liquidity pockets, and volatility remains elevated.
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