Market Overview for Atletico De Madrid Fan Token/Tether

Summary
• Price surged to $1.106 intraday before retracting to $1.044, forming a bearish engulfing pattern near the high.
• Volume spiked sharply during the rally but has since declined, raising questions about follow-through buying.
• RSI overbought territory (70+) during the peak signaled potential exhaustion; current levels indicate weakening momentum.

At 12:00 ET on January 16, 2026, ATMUSDT opened at $1.014, hit a high of $1.106, and closed at $1.044 after a 24-hour trading period. Total volume traded was 2,239,694.95 with turnover of $2,340,055.23.

Structure & Formations

A sharp rally from $1.031 to $1.106 was followed by a retracement to $1.044, forming a bearish engulfing pattern near the peak. Key support levels appear at $1.042 and $1.020, while resistance is now likely near $1.06–$1.07 after recent rejection.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA during the rally, signaling short-term bullish momentum. However, the 50-period MA has since diverged from price, suggesting weakening upward bias. Daily moving averages are still in a bullish alignment but face pressure from the 200-period MA at around $1.05.

MACD & RSI

The MACD line peaked during the $1.106 high and has since crossed below the signal line, indicating a potential bearish reversal. RSI reached overbought levels (70+) during the peak and has since fallen back into neutral to slightly oversold territory, suggesting momentum has reversed but may not yet confirm a new trend.

Bollinger Bands

Price briefly broke above the upper band during the $1.106 high before retreating, signaling a momentary volatility spike. Currently, ATMUSDT is trading in the lower half of the bands, with volatility compressing slightly, hinting at a potential breakout or consolidation phase.

Volume & Turnover

The most significant volume spike occurred during the $1.031–$1.106 rally, where $624,483.40 in turnover was recorded, representing about 27% of total daily turnover. However, volume has since cooled, suggesting reduced conviction in the upward move.

Fibonacci Retracements

Fib levels drawn from the $1.031–$1.106 swing show ATMUSDT currently testing the 38.2% retracement level at $1.061, which failed to hold. The next key support is at 61.8% at $1.047, where price appears to have stalled.

Price appears to be consolidating with a potential short-term bearish bias, but the long-term trend remains buoyed by key moving averages. Traders should watch for a break below $1.042 to signal a deeper pullback. As always, be mindful of low-liquidity or news-driven swings that could amplify volatility.