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Summary
• Price tested key resistance at 0.0541 but failed to break through, forming a bearish engulfing pattern.
• High volume and turnover spikes occurred during a steep drop to 0.0519, signaling significant bear pressure.
• RSI entered oversold territory briefly, but price failed to rebound meaningfully.
• Bollinger Bands showed a period of contraction before a sharp expansion, indicating heightened volatility.
• A large bearish candle at 05:15 ET marked a 6.4% drop, breaking below 0.0525 support.
At 12:00 ET on 2026-01-08, Across Protocol/Tether (ACXUSDT) opened at 0.0535, reached a high of 0.0541, a low of 0.0504, and closed at 0.0505. The 24-hour volume totaled 2,806,139.5 units, with a notional turnover of 145,784.4 USDT.
Structure & Formations
Price faced repeated rejection at the 0.0541 resistance level, most notably at 19:00 and 19:15 ET, where bullish attempts failed to hold. A bearish engulfing pattern emerged after a sharp decline at 05:15 ET, confirming a shift in momentum. A doji at 03:00 ET hinted at indecision, while the large bearish candle at 05:15 ET marked a breakdown below key support at 0.0525, accelerating the move lower.
MACD & RSI

Bollinger Bands
The price remained outside the Bollinger Bands for most of the session, indicating high volatility. A contraction phase between 01:15 ET and 04:30 ET preceded a sharp expansion, reinforcing the likelihood of a continuation pattern.
Volume & Turnover
Volume surged during the sharp drop at 05:15 ET, with a turnover of 108,282.7 USDT in that candle alone. The large volume spike confirmed the bearish move, while the low volume during the consolidation phase suggested lack of buying interest. A divergence between price and turnover emerged after 06:30 ET, suggesting waning bear pressure.
Fibonacci Retracements
Applying Fibonacci to the 0.0504–0.0541 swing, the 50% and 61.8% levels are at 0.05225 and 0.0519, respectively. The price briefly rebounded near 0.0519, suggesting a potential short-term support level.
The market appears to be consolidating around the 0.0507–0.0515 range, with key support at 0.0507 and resistance at 0.0516. A break above 0.0522 could signal a test of the 0.0525 resistance, but further confirmation is needed. Investors should remain cautious of potential volatility and bear pressure in the next 24 hours.
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