AC Milan Fan Token/Tether (ACMUSDT) Market Overview

• Price declined from 0.913 to 0.889 over 24 hours, with bearish momentum evident in MACD and RSI.
• Volatility expanded, as seen in widening Bollinger Bands, with price closing near the lower band.
• Notable volume spikes occurred near 09:15 ET and 10:15 ET, coinciding with sharp price corrections.
• Key support appeared around 0.893–0.895, and resistance near 0.904–0.906.
• A potential reversal pattern emerged near 0.902, but buyers failed to sustain the bounce.

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.913 on 2025-09-16 at 12:00 ET and closed at 0.889 on 2025-09-17 at 12:00 ET. The 24-hour range was 0.916 to 0.884, with a total volume of 1,262,882.6 and a turnover of $1,143,872. The price trended lower with bearish momentum indicators confirming the downtrend.

Structure & Formations

The 15-minute chart showed a consistent bearish bias with key support levels forming between 0.893 and 0.895. A bearish engulfing pattern appeared near 0.902, which briefly triggered a bounce but failed to sustain above 0.905. A doji formed around 0.905 on the 07:45 ET candle, signaling indecision. Resistance remains strong at 0.904–0.906, which has been tested multiple times without a successful break. The price action suggests traders may see a retest of this level if bulls re-enter the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both in a bearish crossover, reinforcing the downtrend. The 50-period SMA sits at approximately 0.902, while the 20-period is slightly lower at 0.900. On the daily chart, the 50-period, 100-period, and 200-period moving averages are all aligned in a downward trajectory, with the 200-period resting near 0.916, indicating a bearish bias that could persist for the next 24 hours.

MACD & RSI

The MACD histogram showed a bearish divergence with the price, expanding as the price continued to fall. The MACD line crossed below the signal line near 0.905, confirming a bearish signal. The RSI, currently at around 30, is in oversold territory, suggesting a potential bounce could be due. However, RSI has been trending lower for most of the 24-hour window, indicating that bearish momentum is still strong and any rally may lack conviction.

Bollinger Bands

Volatility expanded over the last 24 hours, with Bollinger Bands widening to 0.916 (upper) to 0.891 (lower). The closing price of 0.889 is near the lower band, which is a bearish sign. If the price remains below the 20-period moving average and continues to trade near the lower band, it may suggest further downside is likely in the next 24 hours.

Volume & Turnover

Volume spiked significantly during the early morning hours, especially around 09:15 ET and 10:15 ET, with high notional turnover indicating strong selling pressure. However, the price failed to follow through on these volume surges, suggesting that bears may be losing conviction. A divergence between rising volume and falling price could signal a potential reversal, but confirmation is needed on the next upward move.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from 0.916 to 0.884, the 38.2% level is at 0.902 and the 61.8% level is at 0.896. The price currently rests near the 61.8% level, which could serve as a potential support or consolidation zone. A break below 0.896 would suggest a deeper decline toward 0.884, the prior low.

Backtest Hypothesis

The backtest strategy leverages a combination of RSI and MACD to identify potential trend reversals and entries. Specifically, it initiates a long position when RSI enters oversold territory (below 30) and the MACD line crosses above the signal line, both confirming a potential reversal. Short positions are initiated when RSI is overbought (above 70) and MACD shows a bearish crossover. The strategy also incorporates a trailing stop-loss to lock in gains. Given the current RSI in oversold territory and a potential MACD crossover confirmation, the setup for a reversal trade is in place. However, given the recent bearish bias, caution is warranted and a stop-loss should be placed just below 0.884.