• The ACMUSDT pair surged over 9.7% in 24 hours, closing near a new intraday high.
• Momentum remained strong with RSI above 60 and expanding Bollinger Bands.
• Volume spiked during key breakout phases, confirming bullish price action.
• A bullish engulfing pattern formed near 0.850, supporting further upside.
• Downturns in late hours failed to break critical support at 0.832–0.834.
AC Milan Fan Token/Tether (ACMUSDT) opened at $0.805 on 2025-09-26 12:00 ET and closed at $0.843 on 2025-09-27 12:00 ET, with a high of $0.892 and low of $0.803. Total 24-hour volume reached 2.78 million tokens, and notional turnover amounted to $2.39 million.
Structure & Formations
The daily candlestick pattern on ACMUSDT showed a strong bullish bias with a breakout from a rising wedge. A bullish engulfing pattern emerged near the 0.850 level on 2025-09-27 01:30 ET, confirming a reversal from a prior correction. Key resistance levels formed at 0.865, 0.882, and 0.896, while support appeared consolidated at 0.832–0.834. A doji formed near 0.844 in the afternoon, suggesting temporary indecision after a sharp rally.
Moving Averages
On the 15-minute chart, the 20-period MA crossed above the 50-period MA, signaling short-term bullish momentum. The 50-period MA, currently at 0.861, acted as dynamic support during a pullback in the early morning. For daily timeframes, the 50-period MA at 0.836 was decisively outperformed, reinforcing a breakout from a 3-week trading range.
MACD & RSI
The MACD histogram showed strong positive divergence during the early morning rally, with the line rising above the signal line at 0.862. RSI hovered above 60 for most of the session, only dipping to 52 during a pullback near 0.835. This suggests ongoing strength without clear overbought conditions, although a correction may occur once RSI exceeds 70.
Bollinger Bands
Bollinger Bands expanded significantly during the breakout, with the upper band reaching as high as 0.896. Price closed near the upper band on several occasions, suggesting heightened volatility and accumulation pressure. The middle band at 0.865 provided a psychological pivot point. A retest of the lower band at 0.832 appears likely, with a failure to hold it risking a retest of the 0.805 level.
Volume & Turnover
Volume surged to over 165k at 0.882 and again at 0.892, confirming bullish breakouts. The highest notional turnover occurred during the 05:15–05:30 ET timeframe, aligning with a sharp move from 0.872 to 0.894. However, volume during pullbacks was relatively modest, suggesting limited bearish participation. Price and volume appeared well aligned, indicating strong conviction behind the rally.
Fibonacci Retracements
Key retracement levels from the 0.805–0.892 swing included 0.857 (38.2%) and 0.871 (50%), both of which were tested and held. The 61.8% retracement at 0.887 also acted as a pivot during the morning hours. On the daily chart, the 0.85–0.86 zone marks a critical area where a consolidation phase could begin before a potential retest of 0.900.
Backtest Hypothesis
A potential backtesting strategy involves entering long positions on ACMUSDT when the 20-period MA crosses above the 50-period MA and RSI remains above 50 for three consecutive 15-minute intervals. This entry would be accompanied by a stop-loss placed below the most recent swing low (0.834) and a take-profit at the 61.8% Fibonacci retracement level (0.887). Given today’s action, this strategy would have captured the 05:15–05:30 ET breakout and held through the consolidation phase, yielding a reward-to-risk ratio of approximately 2:1.
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