Market Overview for Atletico De Madrid Fan Token/Tether (ATMUSDT): September 17, 2025

• ATMUSDT opened at 1.338 and closed at 1.335, with a high of 1.364 and a low of 1.323 during the 24-hour period.
• Momentum remained mixed, with RSI hovering in mid-range and no clear overbought or oversold readings.
• Volatility increased during the early hours of 9/17, with a notable volume spike of 45,797.60 at 04:45 ET.
• Price formed a bullish breakout pattern from the 1.340–1.345 range, followed by a consolidation phase below.
• Bollinger Bands showed a slight widening, suggesting rising volatility with price hovering near the upper band during the peak.

The Atletico De Madrid Fan Token/Tether (ATMUSDT) traded between 1.323 and 1.364 over the past 24 hours, opening at 1.338 and closing at 1.335 by 12:00 ET on September 17. The pair experienced a total trading volume of 515,900.65 and notional turnover of approximately 686,263.89. The market showed choppy, range-bound behavior in the early hours, followed by a sharp upward push and gradual consolidation.

Structure & Formations

Price found key support near 1.332–1.333 and tested it multiple times during the day. Resistance was observed in the 1.343–1.345 zone, with a failed attempt to break above during the early morning hours. A bullish engulfing pattern formed around 04:30 ET as ATMUSDT closed above a bearish candle, signaling a potential reversal. A doji near 1.338 at 23:45 ET suggested indecision among traders, indicating a possible pause in the upward momentum.

Key Levels

Support: 1.332–1.333
Resistance: 1.343–1.345
Breakout Threshold: 1.350 (a level that could confirm a sustained bullish trend)

Moving Averages

On the 15-minute chart, the 20-period MA rose steadily during the early hours of the morning, crossing above the 50-period MA to form a golden cross at 04:30 ET. This signaled a short-term bullish signal. However, the 50-period MA began to flatten as the day progressed, suggesting a possible slowdown in upward momentum. On the daily chart, the 50-period MA remains above the 100-period MA, indicating a neutral to slightly bullish bias for the larger timeframe.

MACD & RSI

The MACD line crossed above the signal line at 04:30 ET, confirming the bullish signal seen on the price chart. The histogram showed a positive divergence, peaking around 04:45 ET, which coincided with the highest high of the day. The RSI, however, remained in the mid-50s for most of the day, suggesting that momentum was not overextended. A brief overbought reading above 60 was observed but failed to sustain, indicating a lack of strong follow-through buying.

Bollinger Bands

Bollinger Bands showed a slight expansion as ATMUSDT moved from the lower band to the upper band in the early hours of 9/17. Price peaked at 1.364, close to the upper band, and then retraced to hover near the middle band. This pattern indicates a period of rising volatility and suggests that the price may continue to consolidate in the 1.330–1.350 range in the near term.

Volume & Turnover

Trading volume surged to 45,797.60 at 04:45 ET, corresponding with the price high. This was followed by a gradual decline in volume as price consolidated. Notional turnover mirrored this trend, with the highest turnover recorded at 60,942.22 during the same hour. The divergence between rising price and declining volume after 06:00 ET suggests weakening conviction in the bullish move, pointing to a possible near-term reversal.

Fibonacci Retracements

Applying Fibonacci retracement to the key swing low at 1.323 and the high at 1.364, the 38.2% level is at 1.349 and the 61.8% level is at 1.339. Price tested the 61.8% retracement level multiple times during the day but failed to break above. This level now acts as a potential pivot point for the next 24 hours.

Backtest Hypothesis

Given the recent price action and technical indicators, a potential backtest strategy could involve a short-term bullish setup using the golden cross on the 15-minute MA as an entry trigger. A stop-loss could be placed below the 1.333 support level, with a target of 1.348–1.350. The RSI staying in mid-range and the volume divergence suggest that the move may not be sustainable, so the strategy would require tight risk management. If the 61.8% Fibonacci level holds, this could validate the setup and allow for a cautious long position. If it breaks down, however, a short bias may be more appropriate.