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

• ATMUSDT opened at 1.245 and closed at 1.261 after reaching a high of 1.262 and a low of 1.230.
• Price action shows a bullish reversal pattern with volume increasing during the rally.
• Volatility spiked during the 17:00–19:00 ET range, followed by a consolidation phase.
• RSI suggests overbought conditions at the peak, while MACD confirmed the upward momentum.
• Bollinger Bands show a moderate expansion, with prices holding above the middle band for most of the session.

The Atletico De Madrid Fan Token/Tether USDt (ATMUSDT) opened at 1.245 on 2025-09-04 at 12:00 ET and closed at 1.261 on 2025-09-05 at 12:00 ET. The price reached a high of 1.262 and a low of 1.230 during the 24-hour period. Total volume was 279,562.99, and notional turnover amounted to 350,417.95 USD.

Structure & Formations

The price moved within a clear range-bound structure during the initial part of the session, before breaking out to the upside. A bullish engulfing pattern formed around 17:00–17:30 ET, confirming a reversal from a bearish to a bullish trend. A doji appeared near 1.239 at 19:30 ET, indicating a potential short-term consolidation or reversal. Strong support was observed near 1.235–1.238, which held during several tests, while resistance levels at 1.242 and 1.249 showed minor rejections.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover as the price moved upward. On the daily chart (based on 24-hour data), the 50-period MA was above the 100 and 200-period MAs, suggesting a longer-term bullish bias. The price is currently trading above all three moving averages, indicating strength.

MACD & RSI

The MACD line showed a strong positive divergence during the upward move, confirming bullish momentum, particularly from 17:00 to 20:00 ET. RSI reached overbought territory (70+) near 1.262, suggesting a potential pullback could follow. However, the price held above the 1.245 level, indicating strong buyer interest.

Bollinger Bands

Bollinger Bands expanded during the early bullish move, with the price briefly touching the upper band at 1.262. The middle band was above 1.248, and the price stayed above it for the majority of the session, signaling a bullish trend. A volatility contraction was observed near the close, with price tightening around the middle band — a possible precursor to a breakout or continuation.

Volume & Turnover

Volume spiked during the 17:00–19:00 ET period, coinciding with the strongest upward move. Notional turnover followed suit, confirming the strength of the bullish move. A divergence between price and volume occurred near 00:00–01:00 ET, where the price consolidated but volume remained relatively low, suggesting reduced conviction in the direction.

Fibonacci Retracements

Applying Fibonacci retracements to the key 15-minute swing from 1.230 to 1.262, the price found support near the 61.8% level at approximately 1.247. On the daily chart, the 38.2% and 61.8% retracement levels align with key support and resistance observed in the session, further validating the current structure.

Backtest Hypothesis

Given the recent price structure and volume action, a backtest could be constructed using a breakout strategy focused on the 1.249 and 1.262 levels. The 15-minute bullish engulfing pattern, combined with strong volume and MACD confirmation, suggests that a long entry at the close of the bullish candle followed by a stop loss below the low of the pattern could have yielded a profitable trade. A target could be set at the next Fibonacci level or at the upper Bollinger Band. This approach aligns with the observed momentum and structure but must account for the risk of a retest or false breakout.