Atletico De Madrid Fan Token (ATMUSDT) Market Overview

• Price declined 9.8% over 24 hours, breaking key support near 1.455 to reach 1.420.
• RSI hit oversold levels (<30), suggesting potential short-term bounce. • High volume confirmed bearish momentum, especially between 03:00–06:00 ET. • A 15-minute engulfing pattern formed at 1.427 after a sharp rebound. • Bollinger Bands showed a wide expansion, confirming increased volatility.

The Atletico De Madrid Fan Token (ATMUSDT) opened at 1.512 on 2025-08-17 at 12:00 ET and closed at 1.445 by 12:00 ET the next day, with a high of 1.516 and a low of 1.399. Total volume was 711,123.77, and notional turnover was $1,051,218. The token faced sharp selling pressure and tested key levels.

Structure & Formations

The price action displayed a strong bearish trend, with ATMUSDT falling below a critical support level at 1.455 and finding a temporary base near 1.420. A key 15-minute engulfing pattern appeared at 1.427, indicating a potential short-covering rally. A doji formed near 1.438 in the morning, signaling indecision. On the daily chart, the price retraced below the 61.8% Fibonacci level from the previous high, suggesting further downside risk unless buyers defend 1.420.

Moving Averages

On the 15-minute chart, ATMUSDT closed below the 20-period and 50-period moving averages, confirming a bearish bias. On the daily chart, the token broke below the 50-period MA and is now trading near the 200-period MA, a critical level for longer-term sentiment. The 100-period MA stands as immediate resistance at around 1.460, with a potential retest expected if buyers take control near 1.425–1.430.

MACD & RSI

The MACD turned negative in the early hours of the morning, confirming bearish momentum. A bearish crossover occurred around 03:45 ET, aligning with a sharp decline in price. The RSI hit oversold territory (<30) around 07:00 ET, suggesting a possible bounce in the short term. However, without a strong reversal in volume, the RSI may remain in oversold conditions, indicating ongoing bearish control.

Bollinger Bands

Volatility increased sharply after 03:00 ET, with the Bollinger Bands expanding widely. ATMUSDT traded near the lower band for much of the session, especially between 03:00–06:00 ET. A brief retracement saw the price move toward the middle band but failed to close above it. A continuation near the lower band could confirm a bearish breakout.

Volume & Turnover

Volume spiked sharply after 03:00 ET, confirming a strong move lower. The highest single candle volume (71,112.37) appeared at 06:45 ET, coinciding with a price drop from 1.414 to 1.426. Notional turnover exceeded $105,000 in the early hours, highlighting increased market participation. However, price and volume diverged after 07:00 ET, with volume declining despite a small rebound, raising questions about the sustainability of the bounce.

Fibonacci Retracements

On the 15-minute chart, ATMUSDT tested the 61.8% retracement level at 1.436, failing to hold and continuing the decline. On the daily chart, the token retested the 61.8% Fibonacci level of the recent upswing but broke below it, confirming a bearish continuation. The 38.2% retracement sits at 1.460 and may act as a near-term resistance if buyers push for a counterattack.

Looking ahead, ATMUSDT may face near-term support at 1.420 and resistance at 1.450. A close above 1.450 could signal a short-term bounce, but buyers would need to defend 1.450–1.460 to avoid further bearish momentum. Investors should closely monitor volume divergence and Fibonacci levels, as a break below 1.420 could target 1.405–1.400. Risk remains on the downside unless there is a clear reversal in momentum and volume.