Market Overview for AC Milan Fan Token/Tether (ACMUSDT) on 2025-10-01

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• ACMUSDT rose from 0.844 to 0.886 before consolidating into a 0.88–0.89 range, with strong volume in the morning.
• RSI showed overbought conditions at 75 midday before retreating, while MACD turned neutral after a bullish crossover.
• Bollinger Bands widened in the morning, reflecting heightened volatility, but price settled near the midline in the evening.
• Notable volume spikes occurred at 0.886 and 0.872, with a bearish engulfing pattern forming near 0.892 in the afternoon.
• Fibonacci retracement levels at 0.877 (61.8%) and 0.886 (100%) were tested multiple times, suggesting key psychological levels.

At 12:00 ET–1, ACMUSDT opened at 0.844 and reached a high of 0.895 before settling at 0.876 as of 12:00 ET today. The 24-hour period saw a total volume of 1.93 million tokens and a notional turnover of $1.67 million, with significant intraday momentum in the early hours.

Structure & Formations

The 24-hour chart for ACMUSDT showed a strong bullish morning session, where the price surged from 0.844 to a peak of 0.895 amid heavy volume. A bearish engulfing pattern formed at 0.892 around 17:45 ET, signaling potential reversal pressure. Key resistance levels were identified at 0.892 (bearish engulfing), 0.895 (high), and 0.906 (swing high). Support levels emerged at 0.872 (Fibonacci 61.8%), 0.869 (Bollinger midline), and 0.861 (swing low).

Moving Averages & Momentum

The 15-minute 20SMA and 50SMA crossed multiple times during the morning push, confirming short-term bullish momentum. The daily 50SMA crossed above the 200SMA, suggesting a potential continuation of the uptrend on a longer time frame. RSI peaked at 75 midday, entering overbought territory before cooling off to 57 by 12:00 ET, indicating waning momentum. MACD turned neutral after a bullish crossover, with the histogram showing a slight bearish divergence in the late afternoon.

Volatility and Turnover

Volatility spiked in the morning when ACMUSDT surged from 0.844 to 0.895, pushing the Bollinger Bands to their widest point. Price tested the upper band twice, with volume confirming strength at key levels. However, after 18:00 ET, volatility contracted, and ACMUSDT moved sideways between 0.871 and 0.885. Turnover aligned with volume spikes, peaking at 0.891 ($195K) and 0.886 ($160K).

Fibonacci Retracements

A key Fibonacci retracement level at 0.877 (61.8% of the 0.844–0.895 move) acted as a strong support in the late afternoon, with ACMUSDT bouncing off it. The 100% level at 0.895 became a key resistance, with a failed retest in the early evening. On the daily chart, the 50% retracement of the 0.86–0.906 swing lies at 0.883, which may see action in the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy for ACMUSDT involves using a 20SMA/50SMA crossover on the 15-minute chart to identify short-term trends, combined with RSI for overbought/sold triggers. When the 20SMA crosses above the 50SMA and RSI < 30, a buy signal is generated. A sell signal is triggered when the 20SMA crosses below the 50SMA and RSI > 70. Given the current setup—where RSI is neutral and MACD is flattening—this strategy would suggest holding for potential retests of key support at 0.872 or monitoring for a breakout above 0.892.

In the next 24 hours, ACMUSDT appears poised to consolidate within a 0.872–0.892 range. A break above 0.892 may indicate further bullish potential, while a drop below 0.872 could signal renewed bearish pressure. Investors should remain cautious of potential overbought conditions if the price rises rapidly again.