Market Overview for AC Milan Fan Token/Tether (ACMUSDT) – 2025-11-08

Summary• Price rose from 0.604 to 0.670, forming a strong bullish reversal from 0.612.
• Momentum increased with RSI reaching overbought levels near 70.
• Volume spiked sharply at 0.633, signaling strong buyer interest.

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.604 on 2025-11-07 12:00 ET and closed at 0.670 by 2025-11-08 12:00 ET. The price touched a high of 0.681 and a low of 0.601 during the 24-hour period. Total volume was 809,170.9 with a turnover of $487,902.6.

Structure & Formations

Price displayed a clear bullish breakout from a consolidation range around 0.615-0.620, supported by a sequence of higher highs and higher lows from 0.610 to 0.680. A strong Bullish Engulfing pattern emerged around 0.633, followed by a rapid surge to 0.681. This breakout appears to be supported by a key support level at 0.615, which also served as a psychological floor during earlier retracements. No significant bearish patterns emerged in the 24-hour period, suggesting continued buyer dominance.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed to the upside, reinforcing the bullish bias. The price traded above both, with a positive slope indicating strong momentum. On a daily timeframe, the 50DMA and 200DMA are yet to be calculated for the current day, but the 100DMA likely resides closer to the 0.620 level. The price is currently above all these averages, suggesting a continuation of the bullish trend is probable.

MACD & RSI

The MACD crossed into positive territory in the late evening and remained bullish, with the signal line trailing behind. The histogram showed a steady increase in bullish momentum from 0.615 to 0.680. The RSI peaked at ~70–72 in the final hours, signaling overbought conditions. This may indicate a short-term pullback is likely, though a sustained move above 0.675 could extend the bullish run.

Bollinger Bands

Volatility expanded as the price moved from the lower band at 0.601 to the upper band at 0.681, indicating a breakout phase. The price closed near the upper band, suggesting strong conviction from buyers. A contraction in the bands during the early part of the 24-hour period foreshadowed the breakout, which aligns with a classic volatility expansion pattern.

Volume & Turnover

Volume increased significantly in the early hours of the morning, with the largest spike at 0.633 (volume = 621,750.7). This volume confirmed the breakout and was supported by a large notional turnover of $399,532.0 at that level. No clear divergence was observed between price and volume, suggesting the rally has strong backing.

Fibonacci Retracements

Recent 15-minute swings from 0.601 to 0.681 align with key Fibonacci levels. The 61.8% retracement level around 0.645 was tested and held, while the 78.6% retracement near 0.664 may act as a new dynamic support/resistance zone. On a daily chart, the 38.2% retracement from a broader swing low aligns with current price action, indicating a possible continuation of the bullish trend.

Backtest Hypothesis

The backtest strategy described involves identifying Bullish Engulfing patterns for ACMUSDT and holding the position for 5 days. This approach relies on the price action confirmation seen in the 24-hour dataset, particularly the strong engulfing pattern at 0.633. Given the current bullish setup and strong volume confirmation, testing this pattern-based strategy over historical data would be valuable to assess its potential as part of a systematic approach. This could inform whether ACMUSDT exhibits consistent bullish responses to similar chart formations.