Market Overview for AC Milan Fan Token/Tether (ACMUSDT) on 2025-09-20

• The ACMUSDT pair experienced a 24-hour decline to $0.899, with bearish momentum intensifying in late hours.
• Key support levels tested around $0.900–$0.905, with a 61.8% Fibonacci retracement aligning with $0.901.
• Volatility expanded in the early morning, followed by a volume surge as price dipped sharply.
• RSI and MACD showed bearish divergence, suggesting oversold conditions may persist.
• Bollinger Bands contracted briefly before a downward break, indicating potential range expansion.

AC Milan Fan Token/Tether (ACMUSDT) opened at $0.911 on 2025-09-19 at 12:00 ET and traded as high as $0.923 before closing at $0.899 at 12:00 ET on 2025-09-20. The pair reached a low of $0.894 during the 24-hour window. Total volume traded was 496,560.2 units with a notional turnover of $451,707.71.

Structure & Formations

The price structure over the 24-hour period formed a bearish trendline from the high of $0.923 to the low of $0.894. Notable bearish patterns include a dark cloud cover at 09:30–09:45 ET and an inside bar formation around 13:00–13:15 ET, both suggesting short-term consolidation and potential for further bearish movement. A bearish engulfing pattern at 12:30–12:45 ET confirmed the shift in momentum. Key support levels observed include $0.900 and $0.895, while resistance is seen at $0.908–$0.910.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a strong bearish crossover, with the price currently below both indicators. On the daily chart, the 50-period MA has crossed below the 100 and 200-period MAs, indicating a bearish bias. The price is below all three, suggesting continuation of the current downtrend unless a significant reversal occurs.

MACD & RSI

The MACD line crossed below the signal line at 04:00 ET, confirming bearish momentum. The histogram expanded negatively through the morning, aligning with the sharp price decline. RSI hit oversold territory at 26.5, but divergence between price and RSI suggests a potential for a short-term rebound rather than a reversal. Momentum is clearly bearish, with little sign of buying pressure.

Bollinger Bands

Bollinger Bands showed a tightening phase between 02:00–04:00 ET before a sharp expansion downward. The price broke below the lower band at 04:15 ET and remained beneath it for most of the day. This indicates heightened bearish volatility and a continuation of the bearish trend is likely.

Volume & Turnover

Volume spiked at 04:15 ET and 08:30 ET as the price declined sharply toward $0.900. Notional turnover mirrored the volume patterns, with a notable divergence forming in the early morning when price continued lower despite reduced volume. This suggests a gradual loss of selling pressure as the pair approaches key support levels. Confirmatory volume surges occurred during major bearish moves, reinforcing the bearish narrative.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from $0.923 to $0.894, the 61.8% level aligns with $0.901, which has already been tested twice. On the daily chart, the 50% and 61.8% retracements lie at $0.910 and $0.906, respectively. These levels may serve as potential retest points for a short-term rebound or continuation of the bearish trend.

Backtest Hypothesis

The backtesting strategy focuses on a bearish breakout system that triggers a sell signal when price closes below the 50-period MA with a bearish engulfing pattern and confirms the move with a retest of a key Fibonacci level (e.g., 61.8%). Stop-loss is placed above the most recent bullish candle high, and take-profit targets are set at the next Fibonacci level or the 20-period MA. Given the current price action and technical setup, a backtest of this strategy over the past month would likely show a favorable risk-reward ratio and success rate in this bearish environment.