Market Overview for AC Milan Fan Token/Tether (ACMUSDT) – 24-Hour Analysis (2025-10-29)

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• Price oscillated within a tight 0.625–0.647 range, with support at 0.625 holding for most of the day.
• A morning pullback and late-day rebound indicated range-bound trading with no clear directional bias.
• Volatility contracted in the early hours but expanded sharply after 19:00 ET, signaling increased interest.
• Volume surged at key pivots (0.63–0.64), with divergences hinting at potential exhaustion in the 0.625–0.63 cluster.
• RSI and MACD showed mixed momentum, with RSI dipping into oversold territory after a sharp drop near 0.625.

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.645 on 2025-10-28 12:00 ET, reached a high of 0.651, a low of 0.625, and closed at 0.634 as of 2025-10-29 12:00 ET. Total volume amounted to 888,535.1, with a notional turnover of $553,210. Price action remained largely within a defined range, indicating limited conviction in either direction.

Structure & Formations

Key support was observed at 0.625, where price repeatedly tested the level without breaking below. Resistance at 0.647 appeared to cap the morning rally. A bearish engulfing pattern formed around 19:30 ET, while a bullish morning doji at 19:00 ET hinted at indecision. A 0.625–0.647 range persisted for over 10 hours, with occasional breakouts failing to hold.

Moving Averages

The 20-period and 50-period SMAs on the 15-min chart intersected multiple times, reflecting choppy conditions. On the daily chart, the 50-period SMA aligned with the 200-period SMA near 0.633, suggesting a neutral bias. No strong crossovers emerged within the 24-hour period.

MACD & RSI

MACD showed a mixed signal with a near-zero histogram at midday, followed by a bearish divergence after 19:00 ET. RSI dipped below 30 after 02:00 ET but failed to trigger a strong rebound, indicating weak buying pressure. Overbought levels were reached briefly at 0.647 but quickly reversed, reinforcing the range-bound narrative.

Bollinger Bands

Price remained within the Bollinger Band envelope for the majority of the session, with a brief excursion near the upper band at 0.651. The band width narrowed during the early hours (0.002–0.003), followed by a sharp expansion after 19:00 ET, suggesting a potential breakout was in the works. However, price retreated back into the band, suggesting caution.

Volume & Turnover

Volume surged during the 18:45–19:15 ET window, reaching a peak of 182,963.3, coinciding with a failed push toward 0.65. Notional turnover also spiked, but prices failed to confirm the strength, pointing to a divergence. The 02:45–04:00 ET window also saw strong volume, aligning with a rally from 0.628 to 0.643. This suggests institutional interest during key pivots.

Fibonacci Retracements

Applying Fibonacci to the 0.625–0.651 swing, the 38.2% level at 0.637 and the 61.8% at 0.644 were key zones where price stalled. These levels coincided with resistance and volume spikes, suggesting potential reversal points. On the daily chart, the 38.2% retest of the 0.63–0.645 range was evident in the early morning session.

Backtest Hypothesis

Given the defined range and consistent interactions with support at 0.625 and resistance at 0.647, a potential backtest could focus on a “range-trading strategy”. A simple approach might be:
- Buy signal: Price retests support at 0.625 and forms a bullish candle (e.g., doji or hammer).
- Sell signal: Price retests resistance at 0.647 and forms a bearish candle (e.g., engulfing or shooting star).
- Stop-loss: 0.01 below buy entry / 0.01 above sell entry.
- Take-profit: 1.5% of the range width (0.625–0.647 = 0.022; 1.5% = ~0.0033).

This would allow for testing the efficacy of a strategy that trades within the observed bounds using the recent 15-minute data. The support and resistance levels appear to be absolute price levels, not relative ratios or percentages. The strategy could be backtested using the 2022–2025 ACMUSDT data for robustness. If you specify a list of assets or a modified rule (e.g., trailing stop, position sizing), I can refine the setup accordingly.