Market Overview for AC Milan Fan Token/Tether (ACMUSDT)

• Price declined from 0.96 to 0.932 over 24 hours, with a bearish trend dominating.
• Volatility increased mid-day with a low of 0.927, suggesting strong selling pressure.
• RSI and MACD indicated bearish momentum, with no clear signs of overbought conditions.
• Volume surged during key downward moves, confirming bearish sentiment.
• Fibonacci levels and Bollinger Bands highlight potential support near 0.927–0.932.

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.960 on 2025-09-14 at 12:00 ET and closed at 0.932 on 2025-09-15 at 12:00 ET, reaching a high of 0.960 and a low of 0.927. Total volume for the 24-hour period was 919,563.9 units, with a notional turnover of 849.20 USD.

Structure & Formations

The price action for ACMUSDT over the past 24 hours shows a strong bearish bias, with the price falling below key support levels. A notable bearish engulfing pattern formed around 19:30–19:45 ET, reinforcing the downtrend. A doji appeared at 01:00 ET, indicating indecision after a sharp decline. Key support levels include 0.927–0.932, and resistance is found near 0.935–0.942.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trend downward, with the 50-period line crossing below the 20-period, signaling a bearish crossover. The 200-period daily moving average suggests a broader bearish trend. The price remains below these averages, indicating further downward potential.

MACD and RSI suggest bearish momentum, with MACD crossing into negative territory and RSI hovering near 30, indicating oversold conditions. However, price has yet to rebound meaningfully from these levels.

Bollinger Bands and Volatility

Volatility expanded significantly during the midday to early evening session (19:00–20:00 ET), with the price reaching the lower band of the Bollinger Bands. The contraction that followed suggests a period of consolidation, but the price has not retested the upper band.

Volume & Turnover

Trading volume spiked during key downward moves, particularly around 08:15–08:45 ET and 09:00 ET, confirming the bearish momentum. Notional turnover followed a similar pattern, with higher volumes associated with lower prices. No significant divergence between volume and price was observed during this period.

Fibonacci Retracements

Fibonacci retracement levels applied to the most recent swing high (0.960) and low (0.927) show key support at 0.932 (61.8%) and 0.935 (38.2%). These levels appear to have been tested and may act as temporary barriers to further declines.

Backtest Hypothesis

Given the bearish momentum and consolidation at recent Fibonacci support levels, a backtesting strategy could focus on short trades triggered by a break below 0.932, with a stop-loss above the 0.936 resistance. A bearish engulfing pattern or a close below the 50-period moving average could serve as confirmation. If this condition is met, the target could be 0.925, based on prior support and RSI readings.