Market Overview for AC Milan Fan Token/Tether (ACMUSDT) on 2025-10-12

• Price declined from 0.705 to 0.681 before rallying to 0.701, forming multiple key support and resistance levels.
• Strong bearish momentum seen in the early afternoon, with a 3.2% drop in 2 hours.
• Volatility expanded as price ranged between 0.669 and 0.705, with volume peaking at 29,569.3.
• RSI showed overbought conditions near 0.705 and oversold near 0.681, suggesting range-bound potential.
• Bollinger Bands widened mid-day, reflecting increased uncertainty and possible consolidation ahead.

The AC Milan Fan Token/Tether (ACMUSDT) opened at 0.698 on 2025-10-11 at 12:00 ET and closed at 0.701 by 12:00 ET on 2025-10-12. The price reached a high of 0.705 and a low of 0.669 during the 24-hour period. Total volume was 649,225.4, with a turnover of 453,120.6 (in USD equivalent).

Structure & Formations

The candlestick structure reveals key support at 0.672 and resistance at 0.705, with several engulfing patterns and a bearish engulfing at 0.696 suggesting bearish pressure. A doji at 0.684 during the late afternoon ET on 2025-10-11 indicates indecision and potential reversal, with price rebounding from this level. The price appears to be consolidating within a descending triangle pattern, suggesting a potential break below 0.672 or retesting of 0.705 if bullish momentum resumes.

Moving Averages and MACD/RSI

On the 15-minute chart, the 20-period and 50-period moving averages show a bearish crossover during the early afternoon, while the MACD line crossed below the signal line, reinforcing bearish momentum. RSI dipped into oversold territory near 0.681 before recovering, suggesting a possible bounce. On the daily chart, the 50-period MA supports the descending triangle pattern, with the 200-period MA acting as a long-term floor around 0.660. If price closes above 0.705, a 50-period MA crossover could trigger a short-term bullish trend.

Bollinger Bands and Fibonacci Retracements

Volatility expanded mid-day, with Bollinger Bands widening and price testing the upper and lower bounds multiple times. A contraction in the late evening ET on 2025-10-11 suggests a potential breakout or breakdown. Fibonacci retracements show key levels at 0.681 (61.8%), 0.692 (50%), and 0.705 (38.2%), aligning with observed support and resistance. The 0.672 level is now the immediate support, with a breach risking a test of the 0.669 level from recent lows.

Volume and Turnover Analysis

Volume spiked during the early afternoon, coinciding with the 0.684 doji and the 0.681 low, confirming bearish sentiment. Turnover also showed a significant increase during this period, aligning with price action. A divergence appears in the late evening, with decreasing volume despite a rebound in price, which could signal a false breakout or continuation of the consolidation phase. Overall, the volume profile supports the view of a key support forming around 0.672 and a potential breakout from the current range.

Backtest Hypothesis

A potential backtesting strategy could leverage the observed descending triangle pattern in conjunction with the 20-period and 50-period moving averages. If a long entry is triggered when price breaks above 0.705 with a bullish MACD crossover and RSI above 50, it may suggest a short-term rally. Alternatively, a short entry could be tested when price falls below 0.672, with confirmation from a bearish MACD and RSI below 30. Historical data suggests that the 0.672 level has acted as a strong support, with potential for a bounce or breakdown depending on the strength of the next move.