Summary
• Price consolidated near $0.0528, forming a bullish engulfing pattern in the final 5-minute candle.
• Volatility expanded after 18:45 ET, with volume spiking over 200,000
in a 30-minute window.
• RSI hovered near neutral territory, suggesting balanced momentum but no clear overbought or oversold signals.
• Bollinger Bands widened during the afternoon, indicating potential for a breakout or consolidation shift.
Across Protocol/Tether (ACXUSDT) opened at $0.0528 on 2026-01-10 at 12:00 ET, reaching a high of $0.0535 and a low of $0.0523 before closing at $0.0528 at 12:00 ET on 2026-01-11. Total volume was 991,953 ACXUSDT, with a notional turnover of $51,590.
Structure & Formations
Price action formed a small bullish consolidation pattern near $0.0528 in the final hours, with a 15-minute bullish engulfing candle at 02:45–03:00 ET suggesting potential for a short-term reversal. Key support was identified near $0.0526–0.0527, and resistance near $0.0528–0.0530.
Volume & Turnover
Volume was unevenly distributed, with a massive spike of 202,489 ACXUSDT traded at 20:15 ET, but no immediate follow-through. The volume–price relationship showed mixed signals, with a strong volume expansion failing to confirm a higher high.
Moving Averages
.
On the 5-minute chart, price moved between the 20- and 50-period EMAs, with no clear directional bias. On the daily chart, it remained well above the 50- and 200-day EMAs, indicating continued short-term bullish momentum.
MACD & RSI
The MACD showed a narrowing histogram, suggesting a potential equilibrium point. RSI remained in the mid-40s, indicating a balanced market without signs of overbought or oversold conditions.
Bollinger Bands
Volatility expanded significantly in the late afternoon, with the bands widening past two standard deviations. Price tested the upper band in the 18:45–19:45 ET period before retreating toward the midline.
In the coming 24 hours, a breakout above $0.0530 could signal renewed bullish intent, but a retest of $0.0525 may trigger caution. Investors should watch for divergence in volume to confirm or reject any directional move.
Comments
No comments yet