Atletico De Madrid Fan Token Market Overview (2025-09-11)

• ATMUSDT declined from 1.282 to 1.272 over 24 hours with bearish momentum.
• RSI and MACD signaled oversold conditions near 1.270 and weakening bullish momentum.
• Key support at 1.270–1.272 and resistance at 1.277–1.280 defined short-term volatility.
• Volume surged during the 19:00–21:00 ET session, aligning with price declines.
• Bollinger Bands indicated moderate volatility with price hovering near the mid-band.

24-Hour Price and Volume Summary

The Atletico De Madrid Fan Token/Tether USDt (ATMUSDT) opened at 1.282 at 12:00 ET-1 and closed at 1.272 at 12:00 ET on 2025-09-11. The pair reached a high of 1.283 and a low of 1.266 during the session, registering a 24-hour volume of approximately 284,354.63 and a notional turnover of around 363,818.24 USDt. The price action reflects a bearish bias amid mixed volume dynamics.

Structure & Formations

The 15-minute chart displayed a key support level forming around 1.270–1.272, which held during multiple tests over the 24-hour period. A bearish engulfing pattern was noted near 1.277–1.275 between 18:15 and 18:45 ET, confirming downward pressure. A doji at 1.270 (1:00–1:15 ET) suggests indecision. A minor resistance zone is forming at 1.277–1.280, with several failed attempts to break above it over the last 6 hours.

Technical Indicators (Moving Averages, MACD, RSI, Bollinger Bands)

On the 15-minute chart, the 20-period and 50-period moving averages are converging lower, with the 20 MA slightly above the 50 MA, indicating a potential short-term bearish crossover. The MACD line crossed below the signal line in the early hours of 2025-09-11, reinforcing bearish momentum. RSI dipped to 29 at 1:30 ET, signaling oversold conditions, though it has remained below 50 for most of the session. Bollinger Bands showed a moderate contraction during 4:00–6:00 ET before expanding as volatility increased. Price remained near the mid-band, suggesting consolidation.

Volume & Turnover Dynamics

Volume spiked sharply during the 19:00–21:00 ET window, with 79,210.45 units traded in that period, coinciding with a bearish breakout from a 1.282–1.270 range. Notional turnover increased from ~12,000 at 6:00–8:00 ET to nearly 30,000 by 19:00–21:00 ET. However, volume during the final 6 hours (6:00–12:00 ET) remained relatively flat despite a 1.280–1.272 price swing, indicating weakening conviction.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 1.266–1.283 swing from 20:00–18:15 ET, the 38.2% level (1.274) and 61.8% level (1.271) appear to be key price clusters. The 61.8% level has acted as a strong support, holding price from further decline multiple times. A break below 1.271 could target the next level at 1.267, while a retest of 1.274 may trigger a short-term rebound.

Backtest Hypothesis

A backtest strategy based on a combination of RSI divergence and volume confirmation could be applied. When RSI turns bullish from oversold territory (below 30) and volume increases, a long entry at the close of the 15-minute candle with a stop below the previous 1.271 support level and a target at 1.277–1.280 appears testable. Given the recent price behavior and RSI bounce from 29, a small-scale backtest may be feasible for the next 48 hours.