Market Overview for AC Milan Fan Token/Tether (ACMUSDT) — 2025-10-11

• Price dropped from $0.846 to $0.398, marking a 58% decline, before recovering to $0.704 near session close.
• A massive 15-minute candle at 19:45 ET triggered a 36% drop, with volume of 103,966.6 and a close at $0.823.
• Bullish momentum reemerged post-$0.65 support with strong volume and closing near $0.704, suggesting short-term stabilization.
• Volume surged to 103,966.6 in 19:45 ET, with notional turnover reaching a high of $74,497.6 during the crash.
• Key support levels at $0.65, $0.60, and $0.57 were tested, while resistance at $0.70–$0.71 showed consolidation.

AC Milan Fan Token/Tether (ACMUSDT) opened at $0.841 on 2025-10-10 12:00 ET, reached a high of $0.847, and fell to a low of $0.272 during the 24-hour period. The pair closed at $0.704 on 2025-10-11 12:00 ET. Total traded volume was 4,406,734.0, and notional turnover reached $3,164,393.6.

Structure & Formations

The price structure revealed a sharp bearish breakdown from $0.84 to $0.398, marked by a massive 15-minute candle at 19:45 ET. This candle showed a bearish engulfing pattern, confirming the move lower. A subsequent rebound to $0.704 suggests that $0.65–$0.67 may act as a short-term support zone. A doji at $0.693 around 07:15 ET also indicated a potential reversal point. The Fibonacci retracement levels of $0.65 (38.2%) and $0.60 (61.8%) were heavily tested during the recovery phase.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bearish during the initial drop. However, the price crossed above the 20-period MA in the latter half of the session, suggesting short-term bullish momentum. On a broader scale, the 50/100/200-period daily MAs are still bearish, indicating a need for sustained strength above $0.72–$0.73 to trigger a reversal.

MACD & RSI

The MACD showed a bearish crossover during the sharp drop but turned bullish in the final hours, with the line crossing above the signal line. The RSI dropped to $0.32–$0.35, indicating oversold conditions, which may have triggered a short-term bounce. However, RSI remains below $50, suggesting that the broader trend remains bearish.

A positive divergence emerged between the RSI and price during the recovery from $0.65, which could indicate a potential short-term bottoming pattern. However, the divergence is weak and needs confirmation.

Bollinger Bands

Volatility significantly expanded during the sharp drop, with the Bollinger Bands widening from $0.83–$0.85 to $0.27–$0.73. The price closed near the midline of the bands, indicating a potential consolidation phase. The bands have since started to contract, suggesting a possible volatility contraction and a setup for a breakout above the $0.71–$0.72 resistance level.

Volume & Turnover

Volume spiked dramatically during the bearish breakdown, with the 19:45 ET candle recording 103,966.6 volume, the highest of the session. Notional turnover also reached $74,497.6 at that time, indicating a high degree of conviction in the move lower. However, the recovery to $0.704 was accompanied by modest volume and turnover, suggesting limited buying interest at higher levels. A volume divergence may emerge if the price rises above $0.71 without a corresponding increase in volume.

Fibonacci Retracements

Fibonacci levels from the $0.846–$0.272 swing showed strong support at $0.65 (38.2%) and $0.60 (61.8%). The price found support at $0.65 and rebounded, confirming the importance of the level. The next key resistance lies at $0.70–$0.71, with a potential $0.73–$0.74 target for a full 50% retracement of the drop.

Backtest Hypothesis

A potential backtesting strategy could involve going long on ACMUSDT when the price bounces off a key Fibonacci support level (e.g., $0.65) and crosses above the 20-period MA on the 15-minute chart, confirmed by a bullish MACD crossover and RSI above 45. The target could be the next Fibonacci level ($0.70), with a stop-loss placed below the $0.63 support. This hypothesis aligns with the observed positive divergence and the doji at $0.693, which may act as a confirmation signal for a short-term reversal.