Atletico De Madrid Fan Token/Tether Market Overview

Summary
• ATMUSDT closed 0.49% lower at $1.022 after a volatile 24-hour range of $1.014–$1.036.
• Volume surged to 93,624.82 with a $95,643 notional turnover, highlighting mixed sentiment.
• Key resistance formed near $1.036, while $1.021 acts as critical support.

The 24-hour candle for Atletico De Madrid Fan Token/Tether (ATMUSDT) opened at $1.024 and closed at $1.022, with a high of $1.036 and a low of $1.014. Total volume reached 93,624.82, while notional turnover hit $95,643. Price action suggests a consolidative phase with mixed short-term sentiment.

Structure & Formations

Price action reveals a bearish flag pattern forming between $1.021 and $1.036, suggesting potential downward continuation. A bearish engulfing pattern emerged after the 23:45 ET candle (1.023 open → 1.02 close), signaling short-term weakness. Key support is forming at $1.021, with 61.8% Fibonacci retracement aligning near this level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below price, indicating short-term bearish bias. Daily averages (50/100/200) show price hovering near the 50-day MA but failing to break above the 100-day MA, suggesting medium-term consolidation.

Volume & Turnover

Volume spiked during the 19:00–20:00 ET period as price dipped below $1.02, aligning with a bearish breakout. Turnover diverged slightly with volume in the early morning (post 01:30 ET), where price recovered but turnover remained subdued. This suggests cautious accumulation or fading bearish sentiment.

Bollinger Bands

Price traded near the lower Bollinger Band during the 19:00–20:30 ET period, indicating oversold conditions. Bands have expanded since 23:00 ET, signaling rising volatility. Current price sits slightly above the middle band but remains below the upper band.

Backtest Hypothesis

Given the lack of MACD and RSI data for ATMUSDT, a backtest using a golden cross and RSI > 70 entry signal is not possible at this time. The data provider returned an error for the symbol, indicating a possible typo or unavailability. If the correct trading pair (e.g., ATOMUSDT) is confirmed, a full backtest can be generated, including entry/exit signals, performance from 2022-01-01, and risk-adjusted returns.