AC Milan Fan Token Fails to Break Above 0.427 Despite Bullish Signs

Summary
• Price tested key resistance at 0.427 before retreating toward 0.42 support.
• Volatility expanded significantly during the early morning hours, pushing the price 4.2% higher.
• A bullish engulfing pattern formed at 0.42–0.422 as buying pressure increased.
• RSI hit overbought territory briefly at 78 but failed to break 0.427.
• Volume and turnover aligned, confirming price action around 0.422–0.423.

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.421 on 2026-02-06 12:00 ET, peaked at 0.427, and closed at 0.422 at 2026-02-07 12:00 ET, with a low of 0.412. Total 24-hour volume was 1,085,656.0, and turnover reached $461,019.85.

Structure & Formations

Price action over the 24-hour period showed a clear test of key resistance at 0.427, where selling pressure reemerged. The formation of a bullish engulfing pattern at 0.42–0.422 suggested a possible short-term reversal, supported by volume spikes. A doji formed at 0.424–0.425 in the early morning, indicating indecision ahead of a sharp pullback.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages converged around 0.421–0.422, supporting this as a critical short-term equilibrium. Daily moving averages (50/100/200) did not provide a clear bias, but the price has stayed above the 100 and 200 lines, suggesting longer-term bullish resilience.

MACD & RSI

The MACD showed a narrowing histogram with a positive crossover, indicating strengthening momentum. RSI briefly hit 78, signaling overbought conditions, but failed to follow through with a sustained break above 0.427. This suggests caution for further upside without strong volume confirmation.

Bollinger Bands

Volatility expanded during the 02:00–04:00 ET window, pushing the price toward the upper band at 0.426–0.427. The bands then constricted slightly during consolidation periods but did not fully contract, pointing to a moderate volatility environment.

Volume & Turnover

Volume remained relatively consistent throughout the day, with a noticeable spike during the 16:00–17:00 ET window. Turnover aligned with volume, confirming the price action during key levels. No notable divergences were observed between volume and price, suggesting solid conviction in the recent price range.

Fibonacci Retracements

Fibonacci levels for the 0.412–0.427 swing showed support at 0.420 (38.2%) and 0.417 (61.8%). The price found initial support at 0.420 before rebounding, indicating the 38.2% level is holding as a key short-term floor.

Looking ahead, ACMUSDT may test 0.427 resistance again if buyers show strength. However, without a breakout above this level, price could consolidate or retest 0.420 support. Investors should remain cautious of potential volatility if key levels are breached, and monitor volume for confirmation of any directional move.