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

Summary
• ACMUSDT drifted lower in a volatile 24-hour session, closing near key support.
• Volume spiked during bearish reversals, indicating increased selling pressure.
• RSI indicates overbought conditions early, then oversold conditions by the close.

AC Milan Fan Token/Tether (ACMUSDT) opened at $0.575 on 2025-11-05 at 12:00 ET and closed at $0.572 by 12:00 ET on 2025-11-06. The 24-hour range spanned from a high of $0.585 to a low of $0.567. Total volume traded over 24 hours was approximately 324,800 tokens, with a notional turnover of ~$184,500. The pair has shown a bearish bias, with bearish momentum gaining strength as the session progressed.

Structure & Formations

The price action revealed a bearish drift through the session, with key support levels observed around $0.572 and $0.568. A notable bearish engulfing pattern occurred between $0.577 and $0.571 around 21:15 ET, indicating a potential short-term reversal. A strong rejection from the $0.572 level was observed around 02:15 ET, suggesting lingering support. A doji near $0.572 at 06:00 ET suggests indecision among traders at this critical level.

Moving Averages

On the 15-minute chart, the 20-period MA moved below the 50-period MA, reinforcing the bearish tilt. The 50-period MA is now acting as a dynamic resistance around $0.576–$0.578. On the daily timeframe, the 50- and 100-period MAs are closely aligned, and the 200-period MA appears to provide a potential floor around $0.571–$0.568.

MACD & RSI

The MACD crossed below the signal line around 23:30 ET, confirming bearish momentum. RSI has been in oversold territory since 07:00 ET, suggesting ACMUSDT may consolidate near $0.572–$0.573 in the near term. However, an overbought RSI reading in the morning suggested earlier bullish pressure was not sustained by buyers.

Bollinger Bands

Volatility has expanded significantly since 04:30 ET, with ACMUSDT swinging between the outer bands. Price has spent most of the latter half of the session near the lower band, reinforcing bearish sentiment. A contraction in the bands is unlikely unless ACMUSDT stabilizes above $0.574, which could suggest a potential reversal.

Volume & Turnover

Volume surged during the bearish leg from $0.577 to $0.572, particularly between 03:15 ET and 06:00 ET. This indicates strong conviction in the downward move. Turnover diverged slightly from volume in the 02:15–03:45 ET period, which could suggest a shift in trader sentiment. However, the continued price decline despite lower volume after 06:00 ET suggests exhaustion.

Fibonacci Retracements

The key 61.8% Fibonacci level of the $0.585–$0.567 swing is at $0.573, which has held as a support zone. The 38.2% retrace at $0.576 has acted as a minor resistance level. A breakdown below the $0.568 level would suggest the 78.6% retrace at $0.562 may be the next target for bears.

Backtest Hypothesis

Given the observed Bullish Engulfing pattern earlier in the session and the subsequent bearish divergence, a potential backtesting strategy could focus on identifying and validating the reliability of Bullish Engulfing patterns in ACMUSDT. The hypothesis would be to test whether these patterns occur frequently enough and whether they are followed by measurable price reversals. This could be implemented by defining a rule-based system where long positions are triggered on confirmed Bullish Engulfing candle patterns, with stops placed below the low of the engulfing candle and targets set at the 38.2% or 61.8% Fibonacci levels of the prior decline. Testing this strategy over a larger historical dataset would confirm its viability and risk-reward profile.