Market Overview for AC Milan Fan Token/Tether (ACMUSDT): 2025-11-12

• • •

• Price action declined from 0.618 to 0.583 over 24 hours, indicating bearish momentum and a key support test near 0.58.
• Volume increased to 31933.4 at 17:00 ET, aligning with a price pullback to 0.583, signaling potential short-term support.
• RSI suggests oversold conditions late in the session, hinting at possible near-term rebounds.
• Bollinger Bands tightened in the late hours, suggesting possible volatility expansion and a reversal setup.

Opening and Closing Dynamics

The AC Milan Fan Token/Tether (ACMUSDT) pair opened at 0.611 on 2025-11-11 at 12:00 ET and reached an intraday high of 0.618 before closing at 0.583 as of 12:00 ET on 2025-11-12. The 24-hour session saw a total traded volume of 1,039,347.6 and notional turnover of $628,230.2. The price action displayed clear bearish control, with a series of lower closes in the second half of the session.

Structure & Formations

The candlestick structure revealed a distinct bearish bias, with the price forming a sequence of lower highs and lower lows. A strong bearish engulfing pattern occurred between 16:00 and 17:00 ET, as the price closed at 0.583 after a sharp sell-off. A key support zone formed around 0.58–0.585, which was tested and held. The absence of bullish reversal patterns like hammers or bullish engulfing suggests further bearish pressure could persist unless a strong reversal setup forms.

Indicators and Momentum

The RSI reached oversold territory at 27–30 by the close, suggesting a potential near-term bounce. MACD remained bearish throughout the session, with the line below the signal line and in negative territory. Bollinger Bands showed a contraction in the final hours, indicating a possible breakout or reversal. Fibonacci retracement levels suggest a 38.2% retracement at ~0.593 and 61.8% at ~0.599, both of which could serve as key levels for traders.

Volume and Turnover Divergence

Volume spiked significantly during the late ET hours, particularly between 15:45 ET and 17:00 ET, as the price tested support near 0.58. Notional turnover followed the same pattern, confirming the bearish conviction during the sell-off. A divergence between rising volume and declining price may indicate a consolidation phase ahead if buying interest begins to reemerge.

Backtest Hypothesis

Given the observed bearish pressure and the formation of key support levels, a potential backtest strategy could focus on identifying Hammer patterns in this pair. These patterns, when confirmed by volume and price action, could signal short-term reversals. A backtest detecting Hammer patterns between 2022-01-01 and 2025-11-12 could be useful in understanding whether such setups historically provide reliable entry points. A typical approach would involve entering long at the close of the Hammer and holding for five trading days, with stop-loss placement below the Hammer’s low. This strategy would aim to capture potential rebounds off key support levels.