Market Overview for AC Milan Fan Token/Tether (ACMUSDT): 24-Hour Summary (10/08/2025)

• Price declined from 0.901 to 0.875 over 24 hours, with bearish momentum and consolidation near support.
• RSI near 30 indicates oversold conditions, while volume has remained moderate.
• A key support level appears near 0.868–0.872, with a possible test in the near term.
• Bollinger Bands show low volatility in the latter half of the 24-hour period.
• A bullish breakout attempt emerged in the final hours but failed to sustain above 0.878.

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.893 at 12:00 ET–1, with a high of 0.901 and a low of 0.866 during the 24-hour period. It closed at 0.875 at 12:00 ET. Total volume for the 24-hour window was 466,309 units, with a notional turnover of approximately $410,029. The market showed a sustained bearish bias, particularly in the first half of the window, before a modest consolidation phase emerged.

Structure & Formations

The 24-hour candlestick chart for ACMUSDT reveals a significant bearish bias, marked by a large bearish engulfing pattern between 16:00 ET and 16:15 ET on 10/07, followed by a consolidation phase. A key support level appears to be forming between 0.868 and 0.872, with multiple 15-minute candles finding a floor in this range. A doji formed at 03:30 ET on 10/08, suggesting a temporary pause in the downtrend and potential reversal. A potential resistance level is emerging around 0.878–0.880, where price has repeatedly failed to break above, most notably during the 14:15 ET and 14:45 ET candles.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a bearish crossover, with the 20-period MA below the 50-period MA for most of the 24-hour period. This suggests a continuation of the short-term downtrend. On the daily chart, ACMUSDT closed below all three major moving averages (50, 100, and 200), confirming a medium-term bearish bias. Price has not yet found a strong bullish trigger to flip this trend.

MACD & RSI

The MACD histogram showed a bearish divergence during the early hours of the period, with price making lower highs and the MACD making even weaker bearish momentum. The RSI reached a low of 28.5 at 03:30 ET on 10/08, indicating strong oversold conditions, though it has since recovered modestly to 39.5 by 12:00 ET. This suggests that while the asset is oversold, it has not yet reached a point where a short-term reversal is likely.

Bollinger Bands

Bollinger Bands show a contraction in the final 6 hours of the 24-hour period, indicating a potential build-up of volatility. Price remained within the lower third of the band for much of the period, especially between 16:00 ET and 00:00 ET on 10/08. A narrow band in the last 2 hours of the period suggests that a breakout may be imminent, though the direction remains uncertain. A sustained move above the upper band would signal renewed bullish momentum.

Volume & Turnover

Volume and notional turnover were highest between 18:45 ET and 19:00 ET on 10/07, and again between 07:00 ET and 08:00 ET on 10/08, coinciding with significant price declines and consolidation phases, respectively. The volume pattern shows a moderate increase during key support tests, but price failed to follow through with strong reversals. A divergence between rising volume and a lack of price movement suggests that buyers are hesitant or undercapitalized at current levels. A sharp increase in volume may be needed to confirm any bullish breakout.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute chart shows a 61.8% retracement level at 0.877–0.878, where price has found resistance multiple times. A 38.2% retracement level is at 0.872–0.874, where the asset has shown some consolidation. On the daily chart, a 61.8% retracement level lies near 0.860, which may become a critical support zone if the current bearish trend continues. These levels are closely aligned with key support and resistance zones observed in the structure and volume analysis.

Backtest Hypothesis

Given the observed bearish momentum and key support/resistance levels, a potential backtesting strategy could be to enter short positions on a break below 0.872, with a stop-loss placed above 0.878. A target of 0.866–0.868 aligns with the 61.8% Fibonacci and previous support levels. If a bullish reversal is confirmed with a close above 0.878 and increased volume, a long position could be considered with a target at 0.882–0.885. This strategy would rely on MACD and RSI divergences to confirm reversals and Bollinger Band contractions to anticipate volatility.