Market Overview for Across Protocol/Tether (ACXUSDT): Volatile 24-Hour Move with Mixed Momentum

• Price climbed to a 24-hour high of $0.1576 before consolidating near $0.1565, with bearish momentum emerging in final hours.
• Volatility expanded midday, with Bollinger Bands widening as volume surged past 1.3 million.
• RSI reached overbought territory during peak hours, suggesting potential for a near-term correction.
• A key support level appears forming near $0.1555, with bearish divergence in volume observed during the afternoon sell-off.
• Fibonacci 61.8% retracement aligns closely with the 24-hour low, suggesting a possible floor for near-term price action.

At 12:00 ET–1 on 2025-09-12, Across Protocol/Tether (ACXUSDT) opened at $0.1431 and climbed to a high of $0.1576 before closing at $0.1565 on 2025-09-13. The 24-hour trading window saw total volume of 7,392,304.7 and a notional turnover of $1,163,409.76.

The price action was characterized by a strong early morning breakout, with a 3.2% move from $0.1481 to $0.156, driven by high volume and positive momentum. However, this was followed by a consolidation phase in the afternoon, with a bearish divergence in volume as the price drifted lower despite continued turnover. A key resistance appears at $0.1576, with a 61.8% Fibonacci retracement level closely aligning with the intraday low of $0.1517. Support is forming around $0.1555, where a potential bounce or breakdown could dictate near-term direction.

Structure & Formations

The formation of a bearish engulfing pattern was observed during the 15-minute candle ending at 14:45 ET, signaling a potential shift in momentum. A key support level at $0.1555 appears reinforced by a cluster of lows and a 61.8% Fibonacci retracement. This could serve as a psychological floor ahead of the next 24-hour window. The price also formed a doji at $0.1555 during the 15:45 ET candle, suggesting indecision and a potential reversal.

Moving Averages

The 15-minute chart shows the price closing below the 50-period moving average for the last three candles, suggesting weakening momentum. The 20-period MA crossed below the 50-period MA in the early afternoon, indicating a potential bearish bias. For the daily chart, the 50-day MA is at $0.1497, with the 200-day MA at $0.1435, suggesting a long-term bullish trend despite recent short-term weakness.

MACD & RSI

The MACD crossed below the signal line during the morning rally, indicating a potential bearish shift. The histogram showed a contraction in the afternoon, confirming a loss of bullish momentum. RSI reached overbought levels at 72 during the morning peak but has since declined to 52, suggesting a possible correction is in play. A drop below 40 could signal an oversold condition, offering potential for a short-term rebound.

Bollinger Bands

The Bollinger Bands expanded significantly in the early morning hours, with the price trading above the upper band during the peak rally. This expansion reflected heightened volatility and strong buying pressure. In the afternoon, the price moved closer to the lower band, suggesting a possible oversold bounce. The contraction of the bands in the late afternoon indicates a potential consolidation phase.

Volume & Turnover

Volume surged to a peak of 1,338,993 at 14:15 ET, coinciding with a sharp pullback in price. This bearish divergence suggests that the bullish move lacked strong conviction from large traders. Turnover remained elevated throughout the session, but the price failed to maintain the morning high, indicating that buying pressure may have waned. The afternoon sell-off was accompanied by a drop in volume, hinting at a potential exhaustion of bearish momentum.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing from $0.1481 to $0.1576, the 61.8% level is at $0.1537, aligning closely with the 15:45 ET low. This area appears to have provided temporary support before the afternoon sell-off. The 38.2% retracement is at $0.1549, a level that saw resistance during the 15-minute candles between 11:45 ET and 12:00 ET. These levels may continue to influence price action in the coming 24-hour period.

Backtest Hypothesis

A potential backtesting strategy could be based on the bearish engulfing pattern observed at 14:45 ET, paired with a breakdown below the 61.8% Fibonacci level at $0.1537. A sell signal could be triggered on a close below this level, with a stop-loss placed above the 50-period moving average at $0.1562 and a target at $0.1517. This approach would aim to capture the bearish momentum observed in the afternoon and early evening. Traders could also consider a long position on a retest of the $0.1555 support, using RSI as a trigger for entry into a potential bounce.