Market Overview for Atletico De Madrid Fan Token/Tether (ATMUSDT) – 2025-10-03

• ATMUSDT traded between 1.365 and 1.414 over 24 hours, with a bearish close near the lower end of the range.
• A 38.2% Fibonacci retracement aligned with strong support at 1.385, suggesting short-term stability.
• Volume surged during the late-night rally, confirming buying pressure in the 1.40–1.41 range.
• RSI hovered near neutral territory, but MACD divergence hinted at waning momentum in the short term.
• A key 1.40–1.41 consolidation pattern emerged, with a potential breakout scenario ahead.

Opening Summary

At 12:00 ET–1, ATMUSDT opened at 1.385 and traded between 1.365 and 1.414 over the next 24 hours, closing at 1.389 near the 1.385–1.39 support cluster. Total volume was 567,649.14, and notional turnover reached $787,993. The asset saw a morning consolidation phase, followed by a strong late-night rally into the 1.40–1.41 range, which was met with profit-taking in the final hours.

Structure & Formations

Key support levels emerged at 1.385 and 1.377, both showing strong buying interest during downswings. Resistance at 1.405 and 1.414 held during the late-night rally but failed to sustain the breakout. A bearish engulfing pattern formed at 00:15 ET, followed by a bullish harami at 08:00 ET. A doji at 01:30 ET signaled indecision during the peak momentum phase. The price has shown a strong bias to retest key levels before committing to a trend.

Moving Averages & Momentum

On the 15-minute chart, the 20-period EMA crossed above the 50-period EMA during the late-night rally, forming a golden cross, but both lines have since dipped below the price action, suggesting fading short-term momentum. The 50-period SMA on the daily chart sits at 1.395, aligning with the upper end of the recent consolidation. RSI oscillated between 40 and 65, indicating a balanced market without clear overbought or oversold conditions. MACD showed a bearish divergence as prices rose in the 1.40–1.41 range, signaling a potential reversal.

Bollinger Bands & Volatility

Volatility expanded during the late-night rally, with the upper band reaching 1.414 and the lower band at 1.375. Price action touched the upper band at 08:00 ET, then retracted into the middle band range. The 20-period Bollinger Band width peaked at 1.38–1.41 during the peak rally, indicating a high volatility phase. The current price action of 1.389 sits near the middle band, suggesting equilibrium in the near term.

Volume & Turnover

Volume spiked during the late-night rally into the 1.40–1.41 range, with a 15-minute bar at 08:00 ET showing 56,259.57 volume, the highest in the period. Notional turnover followed a similar pattern, peaking at $79,574 at the same time. A volume divergence appeared after 09:00 ET, with declining volume despite continued sideways movement, hinting at a possible exhaustion phase.

Fibonacci Retracements

Fibonacci levels showed strong relevance to key support and resistance areas. The 38.2% retracement at 1.385 was repeatedly tested and held. The 61.8% retracement at 1.401 acted as a temporary cap during the late-night rally. A 50% retracement level at 1.399 was briefly breached and retested, but not held, suggesting caution in that range. A short-term Fibonacci extension to 1.414 aligned with the 20-period Bollinger Band, offering a potential target for breakouts.

Backtest Hypothesis

The observed golden cross in the 20/50 EMA, combined with the volume confirmation and Fibonacci alignment, suggests a possible short-term breakout scenario. A backtesting strategy could be constructed to enter long near the 1.40–1.41 range with a stop below 1.390 and a target at 1.414–1.420. The divergence in the MACD and the bearish harami pattern could act as early warning signals for exit points. Integrating these signals with volume-based confirmation could refine trade entries and exits for a robust intraday strategy.