Market Overview for AC Milan Fan Token/Tether (ACMUSDT) – 2025-09-19

• Price rose from 0.902 to 0.921, showing a bullish breakout attempt
• Volume spiked to 39,798.7 with price reaching a 24-hour high near 0.921
• RSI and MACD indicate strong momentum but without clear overbought levels
• Key support at 0.905–0.907 and resistance at 0.913–0.917 remain active
• Bollinger Bands show tightening volatility before the final rally

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.904 on 2025-09-18 at 12:00 ET and reached a high of 0.921 before closing at 0.910 as of 12:00 ET on 2025-09-19. Total 24-hour volume was 397,987 and turnover was 367,185.2, indicating strong intraday interest.

Structure & Formations

The 24-hour period showed a significant bullish breakout attempt as price moved above the key resistance level at 0.913, reaching a high of 0.921. A strong long-bodied candle formed between 05:30 and 06:00 ET, confirming the breakout. Later, the price consolidated below 0.917, creating a bearish flag pattern. A bearish engulfing pattern appeared around 10:30–10:45 ET, suggesting a potential reversal after the rally. The 0.905–0.907 zone acted as a strong support level multiple times, reinforcing its importance.

Moving Averages

On the 15-minute chart, the 20-period MA (0.908) and 50-period MA (0.907) were closely aligned, indicating a neutral-to-bullish bias as price moved above both. On the daily chart, the 50-period MA (0.909), 100-period MA (0.906), and 200-period MA (0.905) suggest a potential support cluster forming at 0.906–0.907, which may hold if the trend continues.

MACD & RSI

The MACD (26, 12, 9) showed a bullish crossover and positive divergence as the price approached 0.921, indicating strong upward momentum. The RSI (14) peaked at 65, suggesting moderate strength but not extreme overbought levels. As the price declined back below 0.915, the RSI pulled back to 55, signaling a possible consolidation phase.

Bollinger Bands

Bollinger Bands (20, 2) showed a period of contraction between 20:00 and 00:00 ET, followed by a strong break to the upper band as price surged to 0.921. Price currently resides just below the upper band, indicating high volatility. The lower band hovered around 0.902–0.905, which the price tested but did not break.

Volume & Turnover

Volume and turnover spiked at key breakout and consolidation points. The largest volume spike occurred between 05:30–06:00 ET, coinciding with the price surge to 0.921. This volume confirmed the breakout. Conversely, lower volume during the consolidation phase suggests reduced conviction from buyers.

Fibonacci Retracements

Applying Fibonacci to the 0.902–0.921 swing, the 61.8% level at 0.914 appears to act as a resistance. Price has pulled back from this level multiple times. The 38.2% level at 0.909 has shown minor support, and the 23.6% level at 0.906–0.907 remains a key psychological barrier.

Backtest Hypothesis

A potential backtest strategy could involve entering a long position on a breakout above the 61.8% Fibonacci retracement level (0.914) with a stop-loss below 0.907. Given the strong MACD divergence and confirmed breakout on high volume, this entry level aligns well with the momentum indicators and key resistance. A target could be placed near the 0.917–0.921 range, based on the recent high and previous failed pullbacks. This approach leverages both trend-following and Fibonacci-based price action signals.