Market Overview for Atletico De Madrid Fan Token (ATMUSDT)

• ATMUSDT opened at $1.363, surged to $1.389, then retracted to a 24H close of $1.347, forming a bearish reversal pattern.
• Volume spiked during a sharp drop to $1.334, confirming bearish momentum and a breakdown below key support at $1.35.
• RSI hit oversold territory near 25, but price failed to rebound, suggesting bearish exhaustion may not trigger a bounce.
• Bollinger Bands widened during the downward leg, signaling increased volatility and potential continuation of the trend.
• A bullish engulfing pattern at $1.344–$1.359 hints at short-term buying interest, but faces key resistance at $1.357–$1.363.

Market Overview

Atletico De Madrid Fan Token (ATMUSDT) opened at $1.363 on 2025-08-24 12:00 ET, reached a high of $1.389, fell to a low of $1.328, and closed at $1.347 on 2025-08-25 12:00 ET. Total volume for the 24-hour period was approximately 839,798, with total turnover of about $1,168,419.

Structure & Formations

Price action on ATMUSDT showed a clear bearish reversal after a brief bullish attempt to reclaim the $1.36–$1.37 range. A breakdown below $1.35 confirmed a shift in sentiment. A bullish engulfing pattern formed between $1.344 and $1.359, which may signal a short-term bounce, but the move lacks confirmation from follow-through buying. A bearish dark cloud cover pattern formed as price gapped below the $1.363–$1.366 range, suggesting further downside pressure. Key support levels now sit at $1.342 (38.2% Fib), $1.328 (61.8% Fib), and $1.312 (Fib extension), while $1.357 and $1.366 are immediate resistance levels.

Moving Averages

On the 15-minute chart, price closed below the 20- and 50-period SMAs, indicating short-term bearish bias. The daily chart shows a similar bearish alignment, with the 50- and 100-period SMAs also below the 200SMA, reinforcing the medium-term downtrend.

MACD & RSI

The MACD line crossed below the signal line during the midday sell-off, confirming bearish momentum. RSI dropped into oversold territory near 25 by late evening but failed to trigger a recovery, suggesting bearish exhaustion may not lead to a reversal. Momentum remains bearish for now.

Bollinger Bands

Bollinger Bands widened significantly during the sharp sell-off to $1.328, indicating increased volatility. Price remains near the lower band, suggesting continued bearish pressure. A break above the upper band would signal a potential short-covering rally, but this is unlikely without confirmation.

Volume & Turnover

Volume spiked during the sharp decline to $1.334, confirming bearish conviction. Turnover aligned with this volume spike, showing no divergence. The final 15-minute candle closed at $1.347 on strong volume, indicating short-term stabilization, but buyers remain hesitant.

Looking ahead, ATMUSDT could test support at $1.342 and $1.328 in the next 24 hours, with a potential bounce around $1.344–$1.359. Traders should remain cautious of a breakdown below $1.328, which could extend the decline toward the $1.312 level.