Atletico De Madrid Fan Token/Tether Market Overview

Summary
• ATMUSDT opened at $1.042 on 2025-11-11 12:00 ET and closed at $1.009 the following day.
• Intra-day volatility saw a high of $1.046 and a low of $1.005.
• Turnover reached $58,648.19 with total volume at 156,641.69.

The Atletico De Madrid Fan Token/Tether (ATMUSDT) experienced a mixed 24-hour trading session, opening at $1.042 on 2025-11-11 and closing at $1.009. The pair touched a high of $1.046 and a low of $1.005, with a total trading volume of 156,641.69 and a notional turnover of $58,648.19. The price action appears to suggest a bearish bias as it closed lower than its opening price amid fluctuating momentum.

The 20-period and 50-period moving averages on the 15-minute chart suggest a slightly bearish bias as the price closed below both. The 50-period line currently sits above the 20-period line, indicating short-term weakness. On the daily chart, the 50-period and 200-period lines remain relatively flat, but the price remains below both, reinforcing a cautious outlook.

Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) signal mixed momentum. The RSI moved into oversold territory briefly near the low of $1.005, suggesting potential for a short-term rebound, but it has not yet crossed into overbought levels, limiting upside potential. MACD showed weak bullish divergence in the final hours, but this was not enough to reverse the downward trend.

Bollinger Bands indicate a moderate level of volatility, with the price trading near the lower band most of the session. This suggests a period of consolidation and possible retracement from the low. Fibonacci retracement levels on the recent swing show the 61.8% level at approximately $1.018, which could serve as a near-term resistance level. If buyers fail to push past that, further downside may be in play.

Volume and turnover show a notable spike during the night hours, particularly around 22:15–01:30 ET, which coincided with a sharp downward move. However, volume failed to confirm a strong bearish signal, with the price declining more on lower volume than expected. This may indicate lack of conviction from sellers, though it also means buyers have not stepped in decisively to support the price.

Backtest Hypothesis
A key strategy under consideration involves detecting and acting on Bullish Engulfing patterns. These candlestick signals are typically used to indicate potential trend reversals from bearish to bullish. However, the technical-indicator interface currently lacks support for ATMUSDT under this pattern category. To proceed, we have three options: manually input known Bullish Engulfing dates, automate detection using OHLCV data (with custom code), or switch to a supported ticker such as BTCUSDT or ETHUSDT for a fully automated backtest. The choice will determine the speed and accuracy of the analysis. A 3-day holding strategy based on confirmed Bullish Engulfing patterns could be tested using the 15-minute OHLC data if the signal is reliably detected.