Market Overview: AC Milan Fan Token/Tether (ACMUSDT) – 2025-09-21

• Price rose to 0.915 before consolidating near 0.909–0.910, with a final close of 0.899.
• Strong volume spikes occurred near 0.909 and 0.913, indicating key levels of buying interest.
• RSI remained neutral with no clear overbought or oversold signals.
• Volatility expanded in late-night hours, with Bollinger Bands widening from 0.905 to 0.915.

The ACMUSDT pair opened at 0.901 on 2025-09-20 12:00 ET, reached a high of 0.915, and closed at 0.899 on 2025-09-21 12:00 ET. The price action saw a volatile 24-hour session, with total volume reaching 256,314.3 and turnover at $232,207.34. The formation of a bullish flag pattern near 0.909–0.913 suggests a potential reversal.

Structure on the 15-minute chart revealed key support at 0.905–0.907 and resistance at 0.909–0.913. A large bullish engulfing pattern formed between 0.905 and 0.909 in the early hours, while a doji near 0.913 signaled indecision. The 20-period EMA crossed above the 50-period EMA briefly during the night, indicating a short-term bullish bias, though the 50-period line acted as a re-entry support.

MACD showed a positive divergence in the final hours of the session, with the histogram expanding as prices moved toward 0.913. RSI oscillated between 50 and 60 for much of the day, with a brief overbought condition near 0.913. Bollinger Bands widened significantly during the night, reaching a high of 0.915 and a low of 0.901, suggesting increased volatility. Price remained within the bands but tested the upper band several times.

Volume spiked at 0.909 and 0.913, reinforcing the significance of these levels. Turnover confirmed price movements during the morning, but a divergence emerged later when volume dropped as the price moved lower. Fibonacci retracement levels on the 15-minute swing (0.901–0.915) identified key levels at 0.908 (38.2%) and 0.906 (61.8%). These levels coincided with observed price pauses and consolidations.

The backtesting strategy described builds on the observed bullish engulfing pattern and key Fibonacci levels. A potential trade could have been initiated on a break above 0.909, with a stop-loss placed below 0.906 and a target at 0.913. This aligns with the 38.2% Fibonacci level and the upper Bollinger Band. A similar long entry could also be considered on a retest of 0.909, especially if volume and MACD confirm the bias.