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

• ATMUSDT dropped 44.7% over the last 24 hours, hitting a low of $0.943 before recovering to $1.251 at 12:00 ET.
• Momentum shifted from bearish to cautiously bullish in the final 12 hours with RSI bottoming near oversold levels.
• Bollinger Bands expanded sharply as ATMUSDT recovered from a volatility contraction, suggesting renewed short-term uncertainty.
• Turnover spiked 12x above average during the selloff, but volume declined during the rebound, signaling potential divergence.
• A key 15-minute bullish engulfing pattern formed at $1.21–$1.25, potentially signaling short-term support.

ATMUSDT opened at $1.444 on 2025-10-10 12:00 ET, reached a high of $1.467, and a low of $0.943, closing at $1.251 on 2025-10-11 12:00 ET. The pair traded a total volume of 1,984,411.84 with a notional turnover of $2,636,553.24 over the 24-hour period. The session was defined by a sharp sell-off followed by a late-day consolidation above key support levels.

Structure & Formations

ATMUSDT experienced a dramatic 44.7% selloff in the 12 hours leading into 21:00 ET, forming a bearish breakout below a multi-hour support at $1.3. The price bottomed near $0.943, followed by a recovery that formed a bullish engulfing pattern between $1.21 and $1.25 in the 00:00–00:15 ET window. A bearish harami pattern emerged at $1.155–$1.164, signaling short-term indecision. Key resistance levels to watch include $1.265 (previous high) and $1.285 (swing high), while support is likely found at $1.226 (Fibonacci 38.2%) and $1.188 (recent pivot).

Moving Averages

On the 15-minute chart, ATMUSDT closed above the 20-period and 50-period moving averages in the last 3 hours, suggesting short-term bullish momentum. The 50-period line at $1.237 is currently acting as a dynamic support. On a daily timeframe, ATMUSDT remains below the 200-period MA at $1.480, indicating a medium-term bearish bias. The 50-period MA at $1.300 may present a psychological barrier for further upward movement.

MACD & RSI

The RSI bottomed at 29 near $0.943 before climbing to 55 at close, suggesting short-term oversold conditions were met. Momentum, as measured by MACD, turned positive in the last 3 hours, with the histogram expanding above the zero line and a bullish crossover forming. A divergence between the MACD and price is visible during the sell-off, with MACD moving sideways while prices fell sharply. The RSI remains below 60, signaling that the rally remains in early stages.

Bollinger Bands

Bollinger Bands widened significantly as ATMUSDT fell from $1.44 to $0.943, indicating a sharp increase in volatility. The pair has since rebounded and is currently trading near the upper band at $1.266, suggesting potential overbought conditions. A contraction in band width is expected if ATMUSDT consolidates between $1.22 and $1.26 in the coming session, which could precede a breakout or reversal.

Volume & Turnover

Volume spiked to over 229,418.88 at $0.958 during the selloff, with turnover reaching $353,830.41, representing the highest notional turnover of the 24-hour window. However, volume has declined to below 50,000 units during the consolidation phase, which may indicate reduced conviction in the upward move. Divergence is evident between the sharp price drop and relatively lower volume, suggesting the selloff may have been driven by large block orders rather than broad market sentiment.

Fibonacci Retracements

The most recent 15-minute swing from $1.467 to $0.943 aligns with key Fibonacci levels at $1.226 (38.2%) and $1.338 (61.8%). ATMUSDT closed near $1.251, just above the 38.2% level, potentially indicating a short-term floor for the rally. On the daily chart, the 61.8% retracement of the previous major bear move is at $1.295, which could become a critical resistance level if bullish momentum continues.

Backtest Hypothesis

Given the emergence of the bullish engulfing pattern at $1.21–$1.25 and the subsequent retest of that level, a potential backtesting strategy could focus on entering long positions on a breakout above $1.265 with a stop-loss just below the 38.2% Fibonacci level at $1.226. This would allow for a risk-reward ratio of approximately 1:1.5 if targeting $1.300. Historical data would be needed to assess the frequency and success rate of such patterns on the 15-minute timeframe for ATMUSDT.