Market Overview for AC Milan Fan Token/Tether (ACMUSDT)

• Price opened at $0.566 and reached a high of $0.580 before closing at $0.571.• RSI signaled overbought conditions around $0.58, followed by pullback to $0.557.• Volatility expanded during early morning, but volume did not confirm the move.

24-Hour Summary and Price Action

AC Milan Fan Token/Tether (ACMUSDT) opened at $0.566 on 2025-11-05 at 12:00 ET-1 and surged to a high of $0.580 before consolidating and closing at $0.571 at 12:00 ET. Total volume for the 24-hour window was 817,060.8 units, with notional turnover reaching $457,166.30. The price action reflects a strong bullish attempt in the early morning, followed by a reversion toward the mean.

Structure & Formations

Price action showed a bullish engulfing pattern around 17:45–18:00 ET-1, signaling a reversal from a downtrend. A bearish harami pattern formed later in the morning, indicating short-term indecision. Key resistance levels emerged at $0.575 and $0.580, while support appears to be consolidating around $0.562 and $0.557.

Moving Averages and Momentum

On the 15-minute chart, ACMUSDT closed above its 20-period SMA, with the 50-period SMA acting as dynamic support around $0.565. The 50-period SMA appears to have caught the price twice, suggesting a possible bullish bias. The MACD crossed into positive territory in the early morning, confirming the bullish momentum.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly during the early morning, with price reaching the upper band at $0.580. This was followed by a contraction phase, suggesting potential consolidation ahead. The closing price at $0.571 sits just below the upper band, indicating a potential for further upward volatility if buyers re-engage.

Backtest Hypothesis

To evaluate ACMUSDT’s potential using an RSI-based strategy, the conventional parameters of RSI(14) with buy signals below 30 and sell signals above 50 could be applied. Given the price volatility observed, this could provide a viable framework to test ACMUSDT's recent behavior. A back-test from 2022-01-01 to 2025-11-05 would offer a historical view of how the token performed under similar RSI conditions.