Market Overview for AC Milan Fan Token/Tether (ACMUSDT) – October 5, 2025

• Price declined from 0.916 to 0.888 in 24 hours amid bearish momentum.
• RSI signaled oversold conditions briefly but failed to trigger a sustained reversal.
• Volume remained moderate, with no significant divergence or spikes.
• Bollinger Bands expanded, indicating rising volatility.
• A bullish engulfing pattern emerged near 0.88, hinting at potential near-term support.

Opening Summary

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.892 on October 4 at 12:00 ET, peaked at 0.920, and closed at 0.888 as of 12:00 ET on October 5. The price action showed a bearish bias, with the pair declining nearly 3.6%. Over the 24-hour window, total volume was 2.13 million, and notional turnover stood at $1.92 million, indicating moderate interest in the pair.

Structure & Formations

The 15-minute OHLCV data revealed a bearish bias throughout the session, with the price forming a series of lower highs and lower lows. A notable bullish engulfing pattern appeared near 0.88 (around 19:45 ET on October 4), suggesting temporary buying pressure. However, the pattern did not trigger a sustained reversal. A doji formed at 0.876 (19:00 ET on October 4), signaling indecision. Key support levels emerged at 0.876–0.88 and 0.868–0.870, while resistance was noted at 0.89–0.892 and 0.90–0.902.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both in a bearish crossover, reinforcing the downward trend. On the daily timeframe, the 50-period MA crossed above the 100-period and 200-period lines, suggesting a potential shift in trend but with insufficient conviction in the short term.

MACD & RSI

The MACD histogram remained below zero, with the signal line pulling away from the main line, indicating weakening momentum. The RSI briefly dipped into oversold territory (below 30) at 0.88 (October 4), but failed to trigger a strong rebound. This suggests a lack of conviction among traders and a possible continuation of the bearish phase.

Bollinger Bands

Bollinger Bands showed a moderate expansion in volatility, with the price often trading near the lower band during the bearish phase. A contraction occurred around 0.876, indicating a potential consolidation period. However, the price failed to break above the upper band, reinforcing bearish control over the pair.

Volume & Turnover

Volume was relatively balanced across the session, with the largest single-candle volume at 95,823.9 (at 10:15 ET on October 5), coinciding with a strong bearish move to 0.896. Notional turnover was aligned with price direction, with no notable divergence. The absence of a large-volume reversal suggests limited conviction from major players.

Fibonacci Retracements

Fibonacci retracement levels applied to the key 15-minute swing from 0.916 to 0.881 identified potential support at 0.888 (38.2%), 0.883 (50%), and 0.879 (61.8%). The price paused briefly near 0.888 and 0.883, but failed to find strong support. On a daily chart, the 38.2% retracement level at 0.885 could offer a near-term target if the pair sees a reversal.

Backtest Hypothesis

A backtesting strategy based on a 20-period and 50-period moving average crossover on the 15-minute chart would have triggered a short signal early in the bearish phase. The RSI’s brief oversold reading could have acted as a filter to confirm the strength of the move, avoiding premature entries. Combining the MACD histogram divergence with the bullish engulfing pattern at 0.88 could offer a potential reversal signal, though the lack of a strong volume spike suggests caution. A robust system would also incorporate a trailing stop near the 0.876 support level and an exit at 0.883–0.885 to capture the bearish bias.