Market Overview for Atletico De Madrid Fan Token/Tether (ATMUSDT)

• Price rose 0.60% over 24 hours, closing near intraday high.
• RSI and MACD suggest moderate bullish momentum without overbought conditions.
• Volatility expanded mid-day, with sharp volume surges and retracements.
• Bollinger Bands showed price clustering near the upper band in late trading.
• 15-minute candlestick patterns include bullish engulfing and a long lower shadow.

The ATMUSDT pair opened at $1.333 at 12:00 ET–1 and closed at $1.342 by 12:00 ET on 2025-09-18. The daily high reached $1.356 while the low was $1.327. Total volume for the 24-hour period was 1,070,137.91, and the notional turnover amounted to $1,439,295.62. Price action showed a modest but consistent upward bias, supported by increased buying pressure during the overnight hours.

The 15-minute chart highlights a key support level at $1.332 and a resistance at $1.352, with price consolidating within this range during most of the session. A strong bullish engulfing pattern emerged near $1.341–$1.345, followed by a long lower shadow suggesting a temporary rejection of further downward movement. A doji at $1.348–$1.345 hinted at indecision, but the overall bias remained firm.

MACD crossed above the signal line in late evening trading, confirming the resumption of bullish momentum. RSI reached 52, indicating moderate strength without entering overbought territory. Bollinger Bands showed a period of expansion in the early morning, with price clustering near the upper band, signaling increased volatility. The 20-period and 50-period moving averages were in a bullish configuration, with the 20-period line above the 50-period line.

Fibonacci retracement levels on the 15-minute chart highlighted 61.8% at $1.349 and 38.2% at $1.343. Price bounced off these levels in a controlled manner, showing some internal support. Volume and turnover spiked in the overnight hours and early morning, with price action confirming the strength of these moves. A divergence in volume was observed in the latter half of the day, with reduced turnover despite price movement, suggesting a potential pause in the near term.

Backtest Hypothesis

The backtest strategy described focuses on identifying overbought conditions using RSI and MACD crossover signals. Based on the 15-minute data, the strategy could have triggered a long entry at $1.342 as RSI approached 52 and the MACD crossed above the signal line. A stop-loss could be placed below the 15-minute support at $1.332. The target would align with the 61.8% Fibonacci level at $1.349, which the price approached in the later hours. Historical volatility and volume patterns suggest this level may offer a reasonable risk-to-reward ratio for a short-term trade.