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

• ACMUSDT opened at 0.824 and traded between 0.819 and 0.848, closing at 0.845
• A bullish breakout above 0.840 was confirmed with strong volume and momentum
• RSI reached 58, suggesting moderate strength, while Bollinger Bands expanded, indicating rising volatility
• A 15-minute bearish engulfing pattern occurred at 0.840, hinting at potential short-term correction
• Turnover surged to $192,870 during the 14:45 ET session, aligning with a key price breakout

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.824 at 12:00 ET − 1, reached a high of 0.848, and closed at 0.845 by 12:00 ET. The 24-hour trading volume totaled 313,219 tokens, with a notional turnover of $263,421. The pair exhibited a clear upward bias, driven by a sharp breakout above key resistance at 0.840, followed by a consolidation phase.

The 15-minute chart revealed a bullish continuation pattern, with a strong reversal candle at 0.840 signaling a potential short-term top. Key support levels emerged around 0.830–0.835, with the 0.828–0.831 range offering immediate downside protection. Resistance is expected at the recent high of 0.848 and the psychological 0.850 level. A bearish engulfing pattern formed at 0.840, suggesting traders should remain cautious of potential profit-taking or bearish follow-through.

MACD showed a bullish crossover with a positive histogram, indicating sustained upward momentum. RSI climbed to 58, suggesting the market is not overbought but shows strong relative strength. Bollinger Bands expanded, reflecting increased volatility, with the price trading near the upper band—a typical setup for a possible reversion or consolidation. The 20-period and 50-period moving averages on the 15-minute chart were both bullish, supporting the current rally.

Volume and turnover saw a sharp spike during the 14:45 ET candle, where a large 15-minute move of 0.018 occurred, accompanied by a turnover of $192,870. The price then consolidated into the upper band of Bollinger and held above 0.840, suggesting strong conviction in the bullish bias. A divergence between price and volume has not yet developed, meaning the move appears to be well-supported. Traders may watch for a potential pullback into the 0.835–0.840 range as the next target for short-term traders.

Backtest Hypothesis

The suggested strategy relies on a breakout above the 0.840 level, confirmed by a strong bullish candle and a surge in volume. A backtest using this signal—entering long on the breakout, with a stop-loss placed just below the breakout level and a take-profit aligned with the 61.8% Fibonacci extension—would likely yield positive returns if the trend continues. The recent pullback into the 0.835–0.840 range could offer a second confirmation opportunity, with RSI and MACD supporting a continuation case.