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

• Price surged 5.2% in 24h, closing near intraday high.
• Bullish momentum seen with RSI rising from 50 to 58.
• Volatility dipped in early hours, then expanded during afternoon rebound.
• Volume spiked sharply during price break above 0.885.
• Strong volume confirmation seen in key 0.884–0.888 range.

AC Milan Fan Token/Tether (ACMUSDT) opened at $0.878 (12:00 ET - 1) and reached an intraday high of $0.896 before consolidating to close at $0.867 at 12:00 ET. The pair traded between $0.860 and $0.896 with a total volume of 399,159.0 and notional turnover of $348,151.0.

Structure & Formations

The price action showed multiple key support and resistance levels. Notably, the 0.884–0.888 range acted as a critical cluster, with strong volume seen during the afternoon rally. A bullish engulfing pattern formed around 0.881–0.883 at 13:45 ET, followed by a doji near 0.873–0.874 at 15:45 ET, suggesting indecision after the rally. The daily chart confirmed a bearish trendline break at 0.875–0.877 around 08:30–11:45 ET, but a rebound afterward suggested a potential short-term reversal.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line during the afternoon, signaling a bullish bias. The 50-period line remained above the 100-period line, and the 200-period line remained bearish at 0.875–0.878. On the daily chart, ACMUSDT closed below both the 50 and 200-period moving averages, reinforcing a longer-term bearish trend.

MACD & RSI

The MACD crossed above the signal line during the late afternoon, showing bullish momentum. RSI rose from 50 at 10:00 ET to a high of 58 at 15:30 ET, indicating a moderate overbought condition. A pullback is expected unless RSI breaks above 60. Divergence was not observed between price and RSI during the session.

Bollinger Bands

Bollinger Bands contracted between 10:00 and 13:00 ET, indicating low volatility. Price broke above the upper band at 18:15 ET (0.885–0.887) before retracing toward the mid-band. This suggested a potential continuation of the rebound. Volatility has been rising since 13:30 ET, with ACMUSDT trading near the 0.872–0.874 mid-band zone as of close.

Volume & Turnover

Volume increased significantly during the afternoon breakout, reaching 18,640.7 at 22:15 ET. Turnover spiked in the 0.883–0.888 range, indicating strong accumulation. No major price-volume divergence was observed. However, the final 15-minute candle at 11:45 ET showed a small volume spike and a tight range, suggesting a potential pause before the next directional move.

Fibonacci Retracements

Applying Fibonacci levels to the intraday swing from 0.875 to 0.896, price retraced to 61.8% at 0.885–0.886, which acted as a strong support during the afternoon. Daily Fibonacci levels showed a 38.2% retracement near 0.878, where price consolidated earlier in the day.

Backtest Hypothesis

The backtest strategy described involves entering long positions when the 20-period MA crosses above the 50-period MA and RSI is between 45 and 55, while ensuring volume is above a 5-day average. Exit signals occur when RSI exceeds 60 or the 20-period MA crosses below the 50-period MA. This strategy aligns with today's 15-minute chart, where the 20/50 MA crossover occurred around 15:45 ET with RSI at 54. The breakout was followed by a strong volume increase, supporting the validity of the entry signal. However, RSI nearing 58 at close suggests caution for potential overbought conditions, making the next 24 hours a key test for the strategy’s efficacy.

Forward-Looking View

In the next 24 hours, ACMUSDT may test 0.878 as a near-term support level and 0.884 as resistance. A break above 0.884 could confirm a stronger bullish case, while a retest of 0.870 could trigger a deeper pullback. Investors should monitor RSI and volume for confirmation of a sustained rebound or a potential reversal.