Market Overview for AC Milan Fan Token/Tether (ACMUSDT) – 2025-10-14

• Price rallied to 0.744 before consolidating near 0.734; volume surged during the morning rebound
• RSI hit overbought territory mid-day, followed by pullback into neutral territory
• Bollinger Bands expanded during peak volatility, with price hovering near upper band
• Key support at 0.730 tested twice, with mixed confirmation from candlestick closes
• MACD crossed into negative territory post-10:00 ET, signaling bearish momentum shift

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.724 on 2025-10-13 at 12:00 ET and reached a high of 0.744 during the 24-hour period. The token closed at 0.734 as of 12:00 ET on 2025-10-14. Total volume amounted to 1,143,172.6 units, with a notional turnover of $829,740. The price action reflected a volatile morning rebound followed by a gradual bearish consolidation.

Structure & Formations

The 15-minute chart showed a strong bullish impulse between 18:00 and 21:15 ET, where price surged from 0.733 to 0.744. This was followed by a bearish correction that tested the 0.730 level twice, with the second rejection forming a potential bullish hammer pattern. A key resistance appears at 0.744, while support zones have developed near 0.730 and 0.726. The 15-minute doji observed between 02:15 and 03:00 ET suggest indecision in early morning trading.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in bullish alignment for most of the session, with price staying above the 50 SMA until approximately 10:15 ET. On the daily chart, the 50, 100, and 200-period moving averages remain in a bearish alignment, with ACMUSDT trading below all three, indicating the broader trend remains negative.

MACD & RSI

The MACD crossed into the positive territory in the afternoon, peaking at 0.003 before flipping back into negative territory after 10:00 ET. RSI reached overbought conditions at 70+ during the morning rally but corrected into the mid-50s during the afternoon. This suggests that momentum was strong but not sustained, with a bearish divergence developing as price rose and momentum fell.

Bollinger Bands

Bollinger Bands expanded significantly during the morning rebound, with price reaching the upper band at 0.744. Price then moved back toward the middle band as the bands began to contract. This tightening volatility could precede a breakout or consolidation phase. Notably, ACMUSDT remained within the bands for most of the session, suggesting no extreme volatility.

Volume & Turnover

Trading volume spiked to 270,499.8 units at 09:00 ET during the morning rally and remained elevated throughout the session. Notional turnover followed a similar pattern, peaking at $198,120 during the same period. However, volume declined in the final hours of the session, suggesting weakening conviction in the current price range. No major price-volume divergence was observed, but volume confirmation of the consolidation trend is weak.

Fibonacci Retracements

On the 15-minute chart, price retraced 61.8% of the morning rally to approximately 0.739 before pulling back. On the daily chart, the 38.2% and 61.8% retracement levels of the broader bearish move appear at 0.748 and 0.732, respectively. Price closed just below the key 61.8% retracement level, suggesting it may be a near-term support zone to watch.

Backtest Hypothesis

The technical signals used in the backtest — specifically, MACD golden cross entries and two-day exits — were present on the 15-minute chart, particularly during the morning rally. While the price did experience a bullish impulse that briefly aligned with the entry signal, the overall trend remained bearish, with the strategy resulting in a cumulative loss of approximately 19% over the period from January 2022 to October 2025. This suggests the effectiveness of such strategies may be limited in a broader downtrend and could require additional filters or position-sizing adjustments to improve risk-adjusted returns.