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

Summary
• Price opened at 0.586 and closed at 0.569, with a high of 0.593 and a low of 0.560.
• Significant bearish momentum emerged after 20:00 ET with a sharp drop to 0.560.
• Volume surged over 48,000 on key bearish moves, confirming bearish sentiment.

AC Milan Fan Token/Tether (ACMUSDT) opened at 0.586 on 2025-11-03 at 12:00 ET, reached a high of 0.593, dipped to a low of 0.560, and closed at 0.569 as of 12:00 ET on 2025-11-04. Total 24-hour volume was 795,392.5 and total turnover amounted to $454,800. The price has shown a clear bearish bias over the past 24 hours, particularly after 20:00 ET on 2025-11-03.

Structure & Formations

The price has formed a descending triangle pattern within the range of 0.593–0.560, with 0.575 acting as a key intermediate support. A bearish engulfing pattern emerged around 21:00 ET, confirming a reversal from a small bullish attempt. A long lower shadow at 0.570–0.573 suggests some support, but bears have regained control. The price may test 0.565 next, with a breakdown likely if 0.560 is retested.

Moving Averages

On the 15-minute chart, the 20-period MA has dipped below the 50-period MA, signaling bearish momentum. On the daily chart, ACMUSDT is currently below its 50, 100, and 200-period MAs, reinforcing the downtrend. The 50 MA is at 0.579, and the 200 MA at 0.582, which may act as overhead resistance if the price retraces.

MACD & RSI

The MACD has turned negative and crossed below the signal line, confirming bearish momentum. RSI has dropped to 40, indicating a neutral to bearish market. If RSI falls below 30, it would signal an oversold condition, but a rebound may not necessarily confirm a reversal due to the strong bearish structure in place.

Bollinger Bands

ACMUSDT has traded within a narrow Bollinger Bands range for much of the day, with a recent expansion after 20:00 ET. The price has closed near the lower band at 0.560, indicating bearish dominance. A rebound toward the 0.565–0.570 mid-band area is expected in the short term, but a sustained move above 0.575 would be needed to challenge the downtrend.

Volume & Turnover

Volume spiked to over 48,000 on the bearish move from 0.583 to 0.560, confirming the strength of the sell-off. Turnover was highest during that period, aligning with price action. A divergence in volume and price could signal a potential short-term bounce, but current volume patterns support a continuation of the downtrend.

Fibonacci Retracements

Key Fibonacci levels from the 0.593 high to the 0.560 low suggest potential support at 0.570 (38.2%), 0.565 (50%), and 0.560 (61.8%). The price has already broken through the 0.565 level, so the next target is 0.560, followed by 0.554 as a deeper retracement. A breakdown below 0.560 would suggest further weakness toward 0.550.

Backtest Hypothesis

Given the strong bearish signals observed (bearish engulfing, RSI divergence, and volume confirmation), a backtest strategy could focus on shorting ACMUSDT on confirmation of a close below the 0.565–0.560 Fibonacci cluster, with a stop above 0.570. The strategy would aim to capture a potential move toward 0.550–0.555 over the next few days. However, given the current market conditions and the absence of complete data for ACMUSDT, the reliability of historical signals such as Bearish Engulfing may be limited. Verifying the correct symbol (e.g., BINANCE:ACMUSDT) or switching to a more data-complete asset would improve the robustness of the backtest.