Market Overview for AC Milan Fan Token/Tether

Summary
• Price opened at $0.536 and closed near $0.528, forming a bearish 24-hour trend.
• A key support at $0.526 and resistance at $0.534 defined recent price action.
• Volume surged during the early morning ET, confirming a bearish shift.
• RSI hit oversold territory, suggesting possible short-term bounce potential.
• Bollinger Bands showed contraction late ET, hinting at potential volatility expansion.

Market Overview

At 12:00 ET on 2025-12-22, AC Milan Fan Token/Tether (ACMUSDT) opened at $0.536 and closed at $0.528 after hitting a high of $0.539 and a low of $0.521. Total volume for the 24-hour window was approximately 1,553,873.8 units, with a notional turnover of $816,206.8.

Structure & Formations

Price action over the 24 hours showed a bearish bias, with key resistance forming around $0.534 and support at $0.526. A long lower shadow candle on the 5-minute chart near $0.526 suggests rejection at that level.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart were both above the current close, reinforcing the bearish momentum. The 50-period daily moving average is also above current levels, indicating a short to medium-term bearish trend.

Momentum and Volatility

Relative Strength Indicator (RSI) on the 5-minute chart dipped below 30 in the late hours, signaling oversold conditions and the possibility of a short-term bounce. . The Moving Average Convergence Divergence (MACD) showed a bearish crossover, confirming the downward momentum. Bollinger Bands showed a late contraction before expanding again, suggesting potential for renewed volatility.

Volume and Turnover

Volume spiked during the early hours of the morning ET, particularly around $0.529 and $0.525. Turnover aligned with price declines, offering confirmation of bearish sentiment. No clear divergence was observed between volume and price.

Fibonacci Retracements

Recent swings on the 5-minute chart aligned with key Fibonacci levels, particularly the 61.8% retracement at $0.526, which acted as a temporary floor. Daily-level Fibonacci levels also suggest that $0.525 may be the next meaningful support.

The market appears to be in a consolidation phase near the $0.526 level. A break below that could extend the trend toward $0.521, whereas a close above $0.534 may trigger a retest of $0.536. Investors should monitor volume and RSI for signs of a reversal or continuation of the trend.