Market Overview for AC Milan Fan Token/Tether (ACMUSDT) – October 10, 2025

• Price dropped from 0.878 to 0.843, hitting a 24-hour low before a late recovery to 0.868.
• Momentum weakened in RSI, with a bounce suggesting short-term oversold conditions.
• Volume increased during the late recovery, but total turnover remained below average.
• Bollinger Bands showed moderate contraction in the morning, followed by expansion.
• A bearish engulfing pattern formed in early ET hours, while a potential bullish reversal emerged later.

The AC Milan Fan Token/Tether (ACMUSDT) opened at 0.878 at 12:00 ET–1, reached a high of 0.878 and a low of 0.835, closing at 0.843 by 12:00 ET today. The total 24-hour volume was approximately 409,871.8, while the notional turnover was around $350,460. The pair experienced a strong sell-off in the early hours, followed by a partial recovery in the afternoon, indicating potential short-covering or accumulation.

Structure & Formations

The 24-hour chart displayed a clear bearish bias, with price forming a large bearish engulfing candle between 16:00 and 16:30 ET–1, signaling a shift in sentiment. A key support level formed around 0.845–0.848 during the afternoon low, while resistance emerged at 0.865–0.867 during the recovery phase. A doji appeared around 0.843 in the late afternoon, suggesting indecision. The price may test the 0.835–0.840 range as a critical support level.

Moving Averages and Indicators

On the 15-minute chart, the 20-period and 50-period moving averages were in bearish alignment, with the 20 MA cutting below the 50 MA earlier in the session. On the daily chart, the 50/100/200 MA showed a strong downtrend, with the price below all three. The MACD showed a bearish crossover followed by a tentative bullish divergence in the late hours, hinting at a potential short-term reversal. The RSI bottomed in the 30–35 range during the afternoon low and showed a tentative bounce, suggesting oversold conditions may be forming.

Bollinger Bands and Volatility

Volatility was relatively low in the morning, with Bollinger Bands showing a mild contraction. However, the price moved below the lower band during the early afternoon low, indicating increased bearish pressure. The bands expanded during the recovery phase, with the price bouncing back into the mid-band range. This suggests a temporary balance between buyers and sellers.

Volume and Turnover

Volume was relatively low during the initial bearish move but picked up during the 15-minute session at 17:00 ET–1, where a large volume candle signaled increased selling. The recovery in the afternoon was supported by a moderate volume increase, suggesting some accumulation. However, notional turnover remained below average throughout the 24 hours, indicating limited participation from large players.

Fibonacci Retracements

Key Fibonacci levels from the 0.878–0.843 swing showed a 61.8% retracement at 0.859 and a 38.2% retracement at 0.864, which coincided with the afternoon high. On the daily chart, a 61.8% retracement of the previous major move appears at 0.835, where the price found support. These levels may offer potential entry or exit points in the near term.

Backtest Hypothesis

Given the observed bearish engulfing pattern and the RSI’s oversold signal, a potential backtest strategy could involve entering a long position on a reversal above 0.863, with a stop-loss below 0.855. This aligns with the Fibonacci 38.2% retracement and the recent Bollinger Band bounce. If the RSI closes above 50 and the MACD shows a bullish crossover, this could further confirm the reversal thesis. A target of 0.868–0.870 could be set based on recent resistance levels and volume activity. However, caution is advised if the price fails to hold above 0.855, as this may signal a continuation of the downtrend.