Summary
• Price fell from 0.0522 to 0.0503, breaking key support levels during early ET hours.
• Momentum weakened as RSI dropped below 30, signaling oversold territory.
• Volume spiked at 0.0502 but failed to confirm a reversal, suggesting bearish continuation.
• Bollinger Bands tightened during consolidation before a sharp decline.
• A bullish engulfing pattern emerged near 0.0505-0.0511, hinting at potential short-term recovery.
Across Protocol/Tether (ACXUSDT) opened at 0.0521 at 12:00 ET − 1 and closed at 0.0505 by 12:00 ET on January 12, 2026, hitting a high of 0.0522 and a low of 0.0497. Total 24-hour volume reached 1.06 million units, with notional turnover of $54,734.
Structure & Formations
Price declined sharply from 0.0520 to 0.0502 during the early ET session, breaching a key support level. A bullish engulfing pattern formed between 0.0505 and 0.0511, indicating potential short-term buying pressure. The 0.0505–0.0513 zone may act as near-term support and resistance.
Moving Averages
On the 5-minute chart, the 20 and 50-period moving averages both declined, reinforcing bearish momentum. On the daily chart, the 200-period MA may provide a longer-term floor near 0.0490–0.0495.
MACD & RSI
RSI fell below 30 during the decline, signaling oversold conditions, but failed to trigger a strong reversal. The MACD histogram contracted as momentum waned, though a slight divergence at 0.0505 suggests potential for a countermove.
Bollinger Bands
Volatility tightened during consolidation near 0.0505 before expanding during the drop to 0.0502, indicating a potential breakout phase. Price now sits near the lower band, reinforcing bearish pressure unless a reversal takes hold.
Volume & Turnover
Volume surged during the decline, particularly near 0.0502, but turnover failed to confirm strength. A divergence between volume and price suggests a possible exhaustion phase, though bears remain in control unless a strong rally occurs.
Fibonacci Retracements
A key 61.8% retracement level of the recent 5-minute bear leg lies at 0.0505–0.0506, which may act as a short-term pivot. Daily retracements from the 0.0494 low to 0.0513 high align with key support/resistance areas.
Market participants may see a test of the 0.0505–0.0511 range in the next 24 hours. A break above 0.0513 could invite bullish activity, but risks remain tilted to the downside if the 0.0505 support fails.
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