Market Overview for Atletico De Madrid Fan Token/Tether

Summary
• Price declined to 0.831, forming a bearish breakdown from a key resistance near 0.855.
• RSI and MACD signal weakening bullish momentum, with RSI nearing oversold territory.
• Volume spiked during the 5-hour drop but diverged with price during the late-night rally.
• Bollinger Bands show compressed volatility before the sharp decline.
• Fibonacci retracement levels highlight key support at 0.84 and 0.831 as critical watchpoints.

At 12:00 ET–1, ATMUSDT opened at 0.858 and closed at 0.831 by 12:00 ET today. The pair reached a high of 0.865 and fell to a low of 0.830. Total traded volume was 283,694.49, with a notional turnover of approximately $238,045.

Structure & Formations

Price formed a bearish breakdown below 0.855, a prior resistance level, with a long bearish candle at the 4:15 AM ET mark. A key support level emerged at 0.831, where price found a temporary bottom after a multi-hour decline.

Moving Averages

On the 5-minute chart, the 20 and 50-period SMAs crossed bearishly near 0.85–0.855 early in the session, confirming downward momentum. Daily MA levels were not directly calculable due to incomplete daily data.

MACD & RSI

The MACD crossed below the signal line, suggesting bearish momentum, while RSI fell to 32, nearing oversold levels. However, divergence was noted between late-night volume spikes and limited price rebound, suggesting caution.

Bollinger Bands

Volatility narrowed significantly during the pre-market hours, leading to a sharp expansion following the breakdown. Price closed near the

lower Bollinger Band, indicating a strong bearish bias in the short term.

Volume & Turnover

Volume surged during the early morning sell-off, particularly around 6:00–7:00 AM ET, but failed to confirm a strong bounce during the late-night rally. Notional turnover peaked at the 24-hour low of 0.831, signaling a possible short-term floor.

Fibonacci Retracements

The move from 0.831 to 0.865 aligns with Fibonacci levels, with 0.84 and 0.831 acting as 38.2% and 61.8% retracements, respectively. A close above 0.84 could trigger a short-term rebound, while a break below 0.830 may target 0.825.

Price may consolidate around 0.831 in the near term before testing the 0.84 level for potential recovery. Investors should remain cautious ahead of increased volatility, especially if short-term buyers fail to step in.