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Summary
• Price formed a bearish engulfing pattern at 0.0558, followed by consolidation around 0.0552–0.0548.
• RSI remained in neutral territory, indicating balanced momentum without overbought or oversold extremes.
• Volatility expanded during peak volume surges, with Bollinger Bands showing increased width.
• Turnover surged during the 18:45–19:15 ET window, confirming price movement in the 0.0555–0.0559 range.
• Fibonacci retracement levels at 0.0551 and 0.0547 acted as temporary support.
24-Hour Summary
Across Protocol/Tether (ACXUSDT) opened at 0.0547 on January 5, reached a high of 0.0559, and closed at 0.0552 by 12:00 ET on January 6. Total volume amounted to 1,811,824.6 with a turnover of 96,669.54 USD.
Structure and Key Levels
The price formed a bearish engulfing pattern near 0.0558 on 18:30–18:45 ET, signaling potential near-term weakness. A cluster of support emerged at 0.0547–0.0548, reinforced by a bullish reversal on 06:15–06:30 ET. Resistance appears to be consolidating at 0.0552–0.0555, where multiple candle closures and a volume spike occurred.

Momentum and Volatility
RSI hovered between 45–55 throughout the 24-hour period, indicating no strong directional bias. MACD showed a tightening histogram and neutral crossover, suggesting a potential pause in momentum. Volatility, as measured by Bollinger Band width, expanded during the 18:00–21:00 ET window, aligning with increased volume and price swings.
Volume and Turnover Analysis
Volume peaked at 212,520 on 18:45–19:00 ET, coinciding with a rally from 0.0555 to 0.0558. This was accompanied by a turnover spike of over 11,857 USD. Later, volume declined into the early morning, with price consolidating in a narrow range. No significant divergence was observed between price and volume.
Fibonacci Retracements
Fibonacci levels drawn from the 0.0546–0.0559 swing showed 0.0551 (38.2%) and 0.0547 (61.8%) acting as key support areas. Price found short-term refuge at both levels but failed to sustain above 0.0555, suggesting potential bearish pressure.
The market appears to be preparing for a potential directional breakout or consolidation phase, with 0.0547–0.0548 as near-term support and 0.0555–0.0558 as key resistance. Investors should monitor volume patterns and any breakouts for confirmation, while managing risk with stop-loss orders near key levels.
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