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

• Price opened at $0.614 and closed at $0.601 after a bearish 24-hour decline.
• Key resistance at $0.625 and support at $0.594 tested multiple times with mixed momentum.
• Volatility spiked near the $0.63 high but failed to sustain upward momentum.
• RSI hit oversold levels, suggesting possible short-term bounce, but bearish pressure remains strong.
• Turnover rose during midday decline, indicating active bear-driven selling pressure.

AC Milan Fan Token/Tether (ACMUSDT) opened at $0.614 on 2025-11-02 12:00 ET and closed at $0.601 by 2025-11-03 12:00 ET. The 24-hour high reached $0.630, while the low touched $0.570, with a total volume of 685,752.0 and turnover of $411,829.9. The pair saw a volatile but ultimately bearish price action, with failed attempts to hold above key psychological levels.

Price action on the 15-minute chart showed a series of bearish formations, including engulfing candles during the midday sell-off and a dark cloud cover pattern forming around $0.625. These formations indicated a shift in sentiment from bullish to bearish, reinforced by a 20-period and 50-period moving average cross that turned downward during the session. The 20SMA ended below the 50SMA, confirming a short-term bearish bias.

The MACD line moved below the signal line early in the session, with bearish divergence persisting throughout. The RSI approached oversold territory at $0.570–$0.580 but failed to generate a meaningful bounce, suggesting exhaustion in the short-term rally attempt. Bollinger Bands expanded significantly following the $0.630 high, with prices eventually retracting into the lower band, signaling a possible continuation of the downward trend. Fibonacci retracements highlighted key levels at 0.618 (38.2%), 0.607 (50%), and 0.594 (61.8%), with price finding temporary support at the 61.8% level near the session’s close.

Volume surged during the midday sell-off and again in the late afternoon as prices dropped below $0.590. However, the bearish divergence between volume and price during the 22:00–03:00 ET window suggests that buying interest may wane if the asset cannot reclaim the $0.610 level. Investors may look for a retest of the 61.8% Fibonacci level as a potential pivot point, while a break below $0.594 could trigger further bearish momentum.

Backtest Hypothesis
The recent bearish patterns and failed rallies suggest a test of the Dark-Cloud-Cover strategy’s validity for ACMUSDT. A backtest of the pattern would require accurate OHLCV data over a larger historical window to validate its predictive value. Since the data vendor could not locate a valid price series for ACMUSDT, a manual verification of the ticker format or a direct OHLCV data pull is necessary to proceed. If confirmed, this strategy could help quantify ACM’s short-term bearish bias as seen in the 24-hour action.