Market Overview for Atletico De Madrid Fan Token/Tether

Summary
• Price declined from 1.062 to 1.044 amid growing bearish momentum and volume expansion.
• A key support at 1.036 appears temporarily intact, with bearish engulfing patterns suggesting further downside risk.
• RSI and MACD show weakening bullish momentum, with RSI approaching oversold levels.
• Bollinger Bands widen in the final hours, indicating increased volatility as sellers dominate.
• High-volume breakdown below 1.05 suggests continuation bias toward 1.03–1.04 levels if support holds.

Market Overview

Atletico De Madrid Fan Token/Tether (ATMUSDT) opened at 1.059 on 2026-01-17 at 12:00 ET, reached a high of 1.064, fell to a low of 1.027, and closed at 1.044 by 12:00 ET on 2026-01-18. Total 24-hour volume was 124,327.55, with a notional turnover of 129,611.89.

Structure & Formations

Price formed a bearish continuation pattern, with several engulfing candles confirming the breakdown below key resistance levels near 1.05–1.06. A notable doji appeared around 1.036, suggesting a temporary pause but not a reversal. Support at 1.036 has held for now, but a break could target 1.027–1.025 next.

Moving Averages

Short-term 20/50-period moving averages on the 5-minute chart have been bearishly aligned, reinforcing the downward bias. On a daily timeframe, a 200-period moving average likely sits near or above 1.05, offering context for the current bearish divergence.

MACD & RSI

The MACD histogram has remained negative for most of the 24-hour period, with a bearish crossover reinforcing the downtrend. RSI is near oversold territory (~30) but has not yet generated a reversal signal, suggesting that the move could continue lower for now.

Bollinger Bands

Bollinger Bands have widened significantly in the final hours of the 24-hour period, indicating increased volatility. Price closed near the lower band, consistent with bearish exhaustion or consolidation ahead of further movement.

Volume & Turnover

Volume surged during the breakdown below 1.05, especially in the overnight session, confirming bearish conviction. Turnover spiked in the 5:45–6:00 ET timeframe as price fell sharply toward 1.03–1.04, suggesting increased selling pressure.

Fibonacci Retracements

Fibonacci levels on the recent 5-minute swing suggest key psychological levels at 1.049 (38.2%) and 1.044 (61.8%). A break below 1.044 could see price testing the 78.6% retracement at ~1.037–1.035. Daily retracements from the 1.064 high to the 1.027 low also highlight 1.049 as a near-term pivot.

Price may continue testing lower support levels over the next 24 hours, especially if bearish momentum persists. A retest of 1.036–1.027 is likely, but a strong rejection at these levels could trigger a short-term rebound. Investors should monitor volume and RSI for signs of exhaustion before entering long positions.