AC Milan Fan Token/Tether USDt Market Overview

• ACMUSDT declined from 0.933 to 0.924 over 24 hours, with bearish momentum intensifying near the session close.
• RSI hit oversold territory, suggesting possible near-term rebound, but volume remains subdued relative to price action.
• Key support at 0.920–0.922 appears strong, while resistance levels at 0.930–0.932 could delay a sustained recovery.
• Volatility expanded mid-session, with a notable drop below the lower Bollinger Band, signaling heightened bearish pressure.
• A bearish engulfing pattern at 0.930–0.926 and a doji at 0.928–0.925 indicate indecision and potential reversal signals.

At 12:00 ET on 2025-09-11, ACMUSDT opened at 0.933, peaked at 0.936, and closed at 0.924, with a low of 0.919. Total volume over 24 hours was 382,140.1, while notional turnover reached 343.86 USD. The token faced significant downward pressure late in the session, breaking below key support levels and forming bearish reversal signals.

Structure & Formations

Price experienced a sharp decline in the late hours of the session, forming a bearish engulfing pattern between 0.930 and 0.926, followed by a doji at 0.928–0.925, signaling exhaustion in the bearish move. Support levels at 0.920–0.922 appear strong, with a pullback potentially forming a bullish hammer or inverted hammer pattern if buyers re-enter the market. Resistance at 0.930–0.932 remains intact, and a failure to reclaim that range could extend the downward bias.

Moving Averages

On the 15-minute chart, price closed below both 20 and 50-period moving averages, indicating a short-term bearish bias. For the daily chart, a bearish cross between the 50 and 100-period moving averages suggests continued downward momentum unless a reversal is confirmed above 0.934–0.936.

MACD & RSI

MACD remained in negative territory, with bearish divergence between the histogram and price action in the late session. RSI dipped into oversold territory, suggesting a potential near-term bounce. However, this needs to be confirmed with a close above 0.928–0.930 to avoid a false signal.

Bollinger Bands

Volatility expanded mid-session, with a sharp break below the lower Bollinger Band. This indicates heightened bearish pressure, and price remains within the expected 0.920–0.940 range. A retest of the lower band is expected before any meaningful upward move.

Volume & Turnover

Volume remained relatively low in the final hours of the session, despite a sharp decline in price. This suggests selling pressure may be waning. A significant increase in volume with a bullish reversal could confirm a short-term bottom.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement level from the recent high at 0.936 lies near 0.924–0.925, aligning with current support levels. A close above the 38.2% retracement at 0.930–0.932 would signal a potential trend reversal and attract buyers.

Backtest Hypothesis

The backtesting strategy described involves a long entry upon a bullish engulfing pattern forming above a key support level, confirmed by a close above the 20-period moving average. Stops are placed below the entry level, and exits occur on a close below the 50-period moving average or after 48 hours, whichever comes first. This strategy aligns with the ACMUSDT formation near 0.924–0.926, with the 20-period MA acting as a trigger and the 50-period MA as a risk management tool.