Across Protocol/Tether (ACXUSDT) Market Overview

• ACXUSDT dipped intraday to 0.1272 before a late recovery, closing near 0.1277 on heavy volume.
• RSI hit oversold territory, suggesting potential short-term bounce, but downward momentum remains strong.
• Volatility widened through a 15-minute break below 0.128, with Bollinger Bands expanding to 0.127–0.131.
• MACD turned bearish as the line dropped below signal with a negative histogram.
• Fibonacci levels at 0.1286 and 0.1295 appear key for near-term retracement or rejection.

The 24-hour session for Across Protocol/Tether (ACXUSDT) opened at 0.1308 on 2025-09-20 12:00 ET and closed at 0.1277 on 2025-09-21 12:00 ET, with a high of 0.1327 and a low of 0.1272. Total volume reached 4,438,748.1 with a turnover of 553,084.7. Price action reflects bearish momentum with a breakdown under key support and no immediate reversal signs.

Structure & Formations

Price broke decisively under the 0.128 level, forming a bearish breakout candle at 0.128 on 2025-09-21 11:30 ET. The 0.1272 low appears to be a short-term floor, with a 15-minute bearish engulfing pattern forming after the 0.1277 close. No strong reversal signals emerged, with the 0.128–0.129 zone forming key resistance. A potential double-bottom formation remains unconfirmed as of the close.

Moving Averages

On the 15-minute chart, the 20-period MA sits around 0.1292, while the 50-period MA is at 0.1285. Price closed below both, indicating bearish control. On the daily chart, the 50-period MA is at 0.1305, the 100-period at 0.1308, and the 200-period at 0.1310, with price continuing to drift further below all of them, confirming a downtrend.

MACD & RSI

The MACD line turned negative as it crossed below the signal line, with a bearish histogram widening after 0.1285. RSI dropped to 31, entering oversold territory, suggesting a potential short-covering bounce but not a reversal. A closing above 0.1295 may see a temporary pullback, though sustained bullish momentum remains lacking.

Bollinger Bands

Volatility expanded significantly, with bands stretching from 0.127 to 0.131. Price closed near the lower band, suggesting short-term oversold conditions. A retest of the 0.128–0.129 zone could see a recentering, but a sustained move back into the upper band would require a significant bullish catalyst.

Volume & Turnover

Volume spiked during the breakdown below 0.128, with a 15-minute candle at 0.1284–0.1287 carrying over 222,107.5 volume. Turnover followed in line, with no signs of divergence. The 0.1272 low was formed on high volume, reinforcing its role as a potential short-term support.

Fibonacci Retracements

Fibonacci levels on the 0.1272–0.1327 move place 38.2% at 0.1299 and 61.8% at 0.1286. Price is currently testing the 61.8% level near 0.1283–0.1286. A rejection here would confirm bearish continuation, while a close above 0.1295 could see a pullback to the 38.2% level.

Backtest Hypothesis

The described backtesting strategy employs a short-biased approach triggered by a breakdown below key Fibonacci levels and a bearish MACD crossover. Given the recent 15-minute break below 0.128 on high volume and a negative MACD, the strategy would likely generate a short entry signal with a stop placed above the 0.1295–0.1297 zone. A target may be set at 0.1270–0.1260, consistent with the 23.6% extension of the recent bearish move. The strategy would align with the current bearish bias but must account for potential short-covering bounces in an oversold RSI environment.