Market Overview: AC Milan Fan Token (ACMUSDT) 24-Hour Summary

• AC Milan Fan Token (ACMUSDT) surged over 20% in the 24-hour period, breaking key resistance levels.
• High volume and volatility confirmed the bullish breakout, with a strong rally into the early hours of July 31.
• A large bullish engulfing pattern formed during the 19:00–19:15 ET window, signaling strong momentum.
• RSI reached overbought territory late in the session, suggesting potential short-term consolidation.
• Bollinger Bands widened significantly, reflecting increased market participation and price uncertainty.

AC Milan Fan Token (ACMUSDT) opened at $0.893 on July 30 at 12:00 ET and closed at $0.936 by the same time on July 31. The 24-hour high was $1.15, and the low was $0.892. Total trading volume reached approximately 11,292,124.6 units, with a notional turnover of $10.5 million.

Structure & Formations

ACMUSDT formed a strong bullish engulfing pattern around the 19:00–19:15 ET window, confirming a reversal from a bearish trend to a strong upward move. A doji appeared near the 01:45 ET time frame, hinting at a potential pause or reversal in momentum. Key resistance levels were broken at $0.96, $1.03, and $1.07, with the next major resistance likely near $1.15. Support levels include $1.00, $0.96, and $0.93, which have held during pullbacks.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed above the price during the 19:00–20:00 ET window, forming a golden cross and reinforcing the bullish bias. On the daily chart, the 50- and 100-period moving averages are converging, suggesting a potential trend continuation if the price remains above the 50-period line.

MACD & RSI

The MACD line remained above the signal line throughout most of the session, with a strong positive divergence forming around the 19:00 ET hour. RSI surged past 70 in the late hours, indicating overbought conditions and a potential pullback. However, the price action continued higher, suggesting strong conviction in the move.

Bollinger Bands

Bollinger Bands expanded significantly during the 19:00–20:00 ET window, reflecting increased volatility. Price traded near the upper band during the peak of the rally, then pulled back toward the middle band in the early morning hours. This pattern suggests a continuation phase could follow, with potential for a consolidation period next.

Volume & Turnover

Volume spiked dramatically during the 19:15–19:30 ET window, with over 1.1 million units traded in a single 15-minute interval. Notional turnover also surged during this period, confirming the strength of the breakout. A divergence between price and turnover occurred in the 02:30–03:00 ET window, suggesting a potential slowdown in momentum.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.892 to $1.15, the 61.8% retracement level sits at approximately $1.03, which the price tested and rebounded from. On the daily chart, the 50% and 61.8% retracement levels align with key psychological levels near $1.00 and $0.96, which may offer support or resistance in the near term.

Looking ahead, ACMUSDT may consolidate near the $0.96–$1.00 range in the next 24 hours, especially if RSI remains overbought. However, traders should remain cautious of a potential pullback or sideways consolidation if volume and momentum fail to confirm further gains.