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

Summary
• ACMUSDT declined from a 24-hour high of 0.59 to close near 0.577.
• A key support level appears around 0.575–0.576, with resistance at 0.584–0.585.
• High volume during the late-night downtrend suggests bearish conviction.
• RSI suggests oversold conditions, but divergence with price could limit bounce strength.
• Bollinger Bands show a moderate expansion, highlighting increased volatility.

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.59 on 2025-11-12 at 12:00 ET, reached a high of 0.602, and closed at 0.577 on 2025-11-13 at 12:00 ET. The 24-hour trading session saw a total volume of 563,377.9 and turnover of 325,568.64. Price action revealed a bearish tilt amid heightened volatility.

Structurally, ACMUSDT formed a descending triangle pattern with support at 0.575–0.576 and resistance at 0.584–0.585. A long bearish candle at 0.593–0.59–0.591–0.593 around 03:45 ET suggested exhaustion on the upside. A doji at 0.599–0.599–0.598–0.599 at 05:30 ET hinted at indecision, while a large bearish candle at 0.599–0.596–0.597–0.597 at 07:45 ET reinforced downward pressure.

MACD showed bearish divergence with price at key pullbacks, while RSI dropped into oversold territory around 30–35 but failed to trigger a strong reversal. This suggests a potential bounce is possible, though limited by weak conviction. The 20-period EMA crossed below the 50-period EMA around 08:00 ET, signaling short-term bearish momentum. On the daily chart, ACMUSDT remains below its 50-day and 200-day EMAs, indicating a medium-term bearish bias.

Bollinger Bands widened from 0.584–0.589 at 16:00 ET to 0.573–0.589 at 12:00 ET, showing increased volatility. Price spent most of the 24-hour period trading near the lower band, consistent with bearish pressure. Volume spiked during the late-night selloff, with over 40,000 units traded in the 07:45 ET candle, confirming the bearish bias. Turnover also rose sharply during this phase, aligning with price movement.

Fibonacci retracements drawn from the 0.576 low to 0.602 high indicated key levels at 0.593 (38.2%) and 0.585 (61.8%). Price found resistance at both levels, with a notable bearish reversal observed at the 38.2% level. On the daily timeframe, retracement levels at 0.583 and 0.591 appear relevant for potential near-term turning points.

The market may test the 0.575–0.576 support in the next 24 hours. A break below could trigger further risk into 0.570–0.572. A potential rebound is possible if buyers step in at 0.575, but without a strong volume catalyst, this may remain limited.

Backtest Hypothesis
The MACD Golden Cross strategy, tested on ACMUSDT from 2022-01-01 to 2025-11-13, yielded mixed results. While the 1-day average return was slightly positive at +0.31% with a 58% win rate, this was not statistically significant. Returns turned negative after day 2, with a 30-day average return of approximately –3%, underperforming the –2.3% benchmark. This suggests that MACD Golden Cross signals have not provided a consistent edge for ACMUSDT in this period. Traders may need to pair MACD with additional filters or combine it with other indicators to improve reliability. Given ACMUSDT's current bearish momentum and weak MACD performance historically, reliance on standalone MACD signals may carry elevated risk.