Market Overview for Atletico De Madrid Fan Token/Tether (ATMUSDT)

• Price dropped 9.7% over 24 hours, closing near 1.34 after a high of 1.51
• Volatility surged mid-day, with 1.37–1.51 range forming potential resistance
• RSI and MACD signaled bearish momentum, with no signs of overbought conditions
• Volume spiked during sharp decline but failed to confirm rebound attempts
• Bollinger Bands widened as price tested lower bounds, suggesting consolidation may follow

At 12:00 ET–1 on September 14, 2025, ATMUSDT opened at 1.336 and reached a high of 1.51 before closing at 1.34 at 12:00 ET on September 15. The 24-hour low was 1.318. Total volume amounted to 10.9 million, with a notional turnover of approximately $15.5 million, reflecting heightened volatility and trading interest amid bearish momentum.

Structure & Formations

The 15-minute chart revealed a clear bearish bias, with ATMUSDT forming several engulfing patterns and long lower shadows as the price collapsed from 1.51 to 1.318. A significant bearish engulfing pattern formed at 1.35–1.336 at 09:15–09:30 ET, followed by a series of lower closes. Notably, a doji appeared at 03:45 ET (1.341–1.342), suggesting indecision in a key support zone, but bears maintained control. Price found temporary support at 1.318–1.328 before a minor rebound.

Moving Averages

The 15-minute chart showed the 20-period and 50-period moving averages both in a clear downward bias, with price closing below both, confirming the bearish trend. On the daily chart, the 50-period MA was at 1.378, while the 100-period MA sat at 1.391 and the 200-period MA at 1.398. ATMUSDT closed below all three, reinforcing a short-term bearish outlook.

MACD & RSI

The MACD remained negative throughout the 24-hour period, with the histogram showing increasing bearish momentum as the price dropped from 1.51 to 1.318. The RSI dropped from above 60 to below 40 during the selloff, confirming the bearish move and signaling oversold conditions near 1.318–1.328. However, the lack of a bounce above 1.345 suggests bears may continue to dominate.

Backtest Hypothesis

The proposed backtesting strategy involves entering a short position when the price closes below a 15-minute 20-period MA and the RSI drops below 40, with a stop loss placed at the nearest swing high. Given the recent move below 1.345 and the RSI remaining under 40, ATMUSDT may align with the strategy’s conditions. The bearish engulfing pattern and confirmation from MACD provide technical support for this approach.

Bollinger Bands

Volatility expanded significantly as ATMUSDT dropped from 1.51 to 1.318, with price closing just above the lower Bollinger Band. The contraction phase had already occurred before the sharp move, suggesting a breakout was likely. Price remains near the lower band, indicating a possible test of psychological support at 1.30. A rebound above 1.35 could trigger a mean reversion toward the mid-band.

Volume & Turnover

Volume surged during the sharp selloff between 09:00 and 11:30 ET, with a single 15-minute candle (09:00–09:15) showing a high of 1.507 and a low of 1.378 on 518,913.77 traded volume—nearly double the average. Turnover spiked in line with volume but failed to confirm a rebound above 1.35. Divergence between volume and price suggests weak follow-through and raises the risk of further downside.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (1.51 to 1.318), key levels include 1.427 (38.2%), 1.372 (50%), and 1.338 (61.8%). ATMUSDT tested the 61.8% level at 1.338 before falling to 1.318, indicating a strong bearish move. A close above 1.372 could retest the 50% level, but given the current momentum, a retest of 1.338 may precede any consolidation.

Forward Outlook & Risk

ATMUSDT may continue its bearish bias in the next 24 hours if it fails to hold above 1.345 and RSI remains under 40. A break below 1.318 could test psychological support at 1.30. However, a strong rebound above 1.35 with increasing volume may signal a short-term reversal. Investors should monitor for divergence between volume and price and watch key Fibonacci levels for possible entry or exit points.