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

• ATMUSDT opened at $1.501 and closed at $1.542, forming a bullish bias with intraday highs at $1.585 and lows at $1.455.
• A key 61.8% Fibonacci retracement level at $1.523 was decisively breached, supporting upward momentum.
• RSI and MACD confirmed the move, with RSI hitting 68 and MACD crossing into positive territory.
• Volatility expanded significantly during the 14:45–16:00 ET window with over $248k in turnover.
• Volume surged in late hours, particularly during the 14:45–16:00 ET session, confirming strength in higher highs.

Price Action and Key Levels

The Atletico De Madrid Fan Token/Tether (ATMUSDT) pair opened at $1.501 and closed at $1.542 by 12:00 ET on 2025-10-07, showing a net upward bias. The pair traded between $1.455 and $1.585 during the 24-hour period, with a total volume of 2,242,744.46 tokens and a notional turnover of $1,580,000 (approximate based on $0.70 avg. price). A bullish engulfing pattern formed around $1.496–$1.502, confirming a breakout. A notable doji appeared near $1.508 at 21:00 ET, suggesting indecision at a key resistance level.

Trend Confirmation and Moving Averages

ATMUSDT traded above its 20- and 50-period moving averages on the 15-minute chart, reinforcing a short-term bullish bias. The daily 50/100/200 SMA structure shows ATMUSDT comfortably above all three, indicating strong trend momentum. The 15-minute 20SMA crossed above the 50SMA at 19:30 ET, forming a golden cross. The daily 50SMA is currently at $1.504, with ATMUSDT trading 9.8% above it.

Momentum and Volatility

The 14-period RSI for ATMUSDT moved into overbought territory during the 15:45–16:00 ET window, peaking at 68 before retreating slightly. MACD remained in positive territory for most of the session, with a clear bullish crossover confirmed in the 14:45–15:00 ET time frame. Bollinger Bands widened significantly during the 14:45–16:00 ET period, indicating heightened volatility and a breakout scenario. ATMUSDT spent much of the session in the upper 2/3 of the bands, confirming strength.

Volume and Turnover Analysis

Volume spiked dramatically during the 14:45–16:00 ET window, with the 14:45 ET candle alone accounting for 224,274.46 tokens traded—representing 9.3% of the 24-hour volume. This was accompanied by a significant rise in notional turnover due to the price action. The volume and price moved in concert, confirming the validity of the bullish move. Earlier in the session, a volume divergence appeared around $1.505, with declining volume despite rising prices, suggesting potential exhaustion.

Fibonacci Retracements and Key Levels

Applying Fibonacci retracements to the recent $1.455–$1.585 swing, key levels include 61.8% at $1.523 and 78.6% at $1.558. ATMUSDT decisively broke the 61.8% level and continued to $1.559. The 50% retracement at $1.520 and 38.2% at $1.518 were also tested, but price showed little hesitation in moving past them. On the daily chart, the 38.2% Fibonacci level at $1.504 provided a strong support, which was not tested during the 24-hour period.

Backtest Hypothesis

A potential backtesting strategy for ATMUSDT involves entering a long position when the 20-period moving average crosses above the 50-period moving average on the 15-minute chart, and RSI exceeds 50. This was observed at 19:30 ET with confirmation at 14:45 ET. A stop-loss could be placed at the 38.2% Fibonacci level, and a take-profit at the 61.8% or 78.6% level. This approach aligns with the observed bullish momentum, with MACD and RSI confirming the strength of the move.