Market Overview for Atletico De Madrid Fan Token/Tether (ATMUSDT) as of 2025-10-23

• ATMUSDT fluctuated between 1.168 and 1.262 over 24 hours, closing near 1.201 with bearish momentum in the final hours.
• Volatility increased post-20:00 ET, with sharp declines and consolidation in the 1.19–1.205 range.
• Notional turnover reached $1.2M, with volume concentrated in the 1.168–1.235 range.
• RSI suggested overbought conditions earlier, followed by oversold territory in the last 6 hours.
• No clear reversal patterns emerged, but key support at 1.184–1.193 held through early ET hours.

Price and Volume Summary

At 12:00 ET–1, Atletico De Madrid Fan Token/Tether (ATMUSDT) opened at 1.227 and fluctuated between 1.168 and 1.262 before closing at 1.201 by 12:00 ET. Over the 24-hour window, it recorded a total volume of 506,741.30 and a notional turnover of approximately $1.21 million. The price action displayed a bearish trend in the latter half of the session, particularly after breaking below the 1.220 level.

Structure & Formations

The candlestick pattern reveals a bearish bias in the latter hours of the session, with several long lower shadows indicating buyers defending key support levels. Notable formations include a bearish engulfing pattern at 1.223–1.219 and a doji at 1.195–1.198, suggesting indecision. Key resistance levels appear at 1.220–1.225 and 1.230–1.240, while support is evident at 1.190–1.195 and 1.180–1.184.

Volatility and Momentum

Volatility increased significantly after 19:00 ET, with large swings and a drop to as low as 1.168. Bollinger Bands expanded in this period, with the price often near the lower band, signaling oversold conditions. RSI confirmed this, dropping below 30 for much of the session and suggesting potential for a short-term bounce.

Volume and turnover spiked between 21:00–23:00 ET as the price fell sharply, confirming bearish sentiment. However, no clear divergence between volume and price was observed, indicating consistent bearish pressure.

MACD & RSI Assessment

Although MACD data is unavailable for ATMUSDT due to technical constraints, the RSI suggests a recent oversold condition with a potential for a short-term bounce. The RSI has historically bottomed near 30 during bearish phases, with a probable bounce expected between 1.185 and 1.195, provided buyers step in.

Backtest Hypothesis

The absence of MACD data for ATMUSDT presents a challenge in identifying precise death-cross events, which are critical for momentum-based backtesting. To proceed, the correct symbol format—such as ATMUSDT-BINANCE or another exchange-specific variant—would need to be confirmed. Alternatively, a more liquid fan token or a larger-cap crypto could be used to ensure data availability. Once the correct data source is secured, a backtest from 2022–01–01 to today could extract MACD death-cross events and assess their predictive power for ATMUSDT's price movements.