Market Overview for Atletico De Madrid Fan Token/Tether (ATMUSDT) – 2025-11-08

Summary• ATMUSDT traded in a tight range with a high of 1.084 and low of 1.039 over the 24-hour period.• Price closed slightly higher at 1.062, showing modest bullish momentum despite choppy intraday activity.• Total volume reached 577,354.87 and turnover hit 587.28, with significant volume clustering around key reversal points.

The 24-hour trading session for Atletico De Madrid Fan Token/Tether (ATMUSDT) from 2025-11-07 at 12:00 ET to 2025-11-08 at 12:00 ET saw an opening price of 1.041, a high of 1.084, a low of 1.039, and a closing price of 1.062. Total volume reached 577,354.87, while notional turnover amounted to 587.28. The price action reflects a consolidative session with intraday swings and moderate volume spikes.

Structure & Formations

ATMUSDT formed a bullish flag pattern between 1.058 and 1.069, with a breakout attempted at 1.084. A long-bodied candle at 1.084 suggests strong bullish sentiment, followed by consolidation below 1.077. Key support levels appear at 1.069 and 1.063, with resistance likely forming near 1.077. A doji at 1.073 reflects indecision after the breakout attempt, suggesting traders are cautious ahead of further direction.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA mid-session, signaling a potential short-term bullish trend. On the daily chart, the 50-period MA remains above the 100- and 200-period MAs, suggesting a longer-term bullish bias, although it may be narrowing.

MACD & RSI

The MACD line remained positive throughout most of the session, with a narrowing histogram suggesting fading momentum. RSI reached a high of 58 mid-day, indicating moderate bullish pressure, but failed to breach overbought territory, suggesting the rally lacks conviction. Oversold territory was not reached, indicating limited bearish pressure.

Bollinger Bands

Price traded within the Bollinger Band range for most of the session, with a notable expansion seen when ATMUSDT hit 1.084. Price then retracted to the lower band, closing near the centerline. The narrowing of bands in the final hours suggests a potential for increased volatility ahead.

Volume & Turnover

Volume spiked significantly around 17:30 ET (1.058 to 1.084) and again at 23:45 ET (1.058 to 1.063), aligning with key price levels. Turnover was in line with volume, with no significant divergences observed. The highest volume occurred on a bullish candle, providing confirmation of the initial rally.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 1.039 to 1.084 swing, ATMUSDT closed near the 61.8% level at 1.069. This suggests a potential consolidation phase ahead. A pullback to the 50% retracement level (1.061) could serve as a short-term support, while a break above 1.077 would validate a move toward 1.084 as a target.

Backtest Hypothesis

In an effort to construct a MACD-based trading strategy for ATMUSDT, an attempt was made to retrieve historical MACD data, but the request failed due to an asset not being found in the data source. This could be due to a typo in the symbol, a lack of historical data for ATMUSDT, or an issue with the data API. To proceed with backtesting, it would be necessary to confirm the correct trading pair, possibly rechecking the symbol (e.g., ATOMUSDT), or using an alternative source for historical data. Once the correct symbol is confirmed, the strategy could test for MACD golden cross signals and evaluate a 3-day holding period from 2022-01-01 through today.