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

• ATMUSDT traded in a bearish trend with a 24-hour low of 1.431 and close near 1.444.

• Key resistance at 1.500 and support at 1.438 identified; bearish divergence observed.

• MACD indicated weakening momentum, while RSI pointed to oversold conditions.

• Volatility expanded from 1.438–1.508 during a bullish rebound in the AM hours.

• Volume surged during the morning rebound but declined in the afternoon, signaling potential exhaustion.

24-Hour Price Movement and Volume

At 12:00 ET–1 on 2025-10-09, ATMUSDT opened at 1.571 and traded as high as 1.59 before falling to a 24-hour low of 1.431. The pair closed at 1.444 on 2025-10-10. Total trading volume was 1,356,675.19, and total turnover was approximately $1,976,346.79, reflecting heightened market activity amid price swings.

Structure & Formations

The 24-hour chart exhibited a broad bearish trend, marked by a key support at 1.438 and resistance at 1.500. A bearish divergence formed in the late morning as price dropped while volume waned. A morning bullish engulfing pattern was visible around 1.476–1.498 but failed to hold. Doji patterns appeared frequently between 1.44–1.46, indicating indecision and consolidation in the range.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were bearishly aligned, with price failing to cross above the 50-line. On the daily chart, the 50- and 100-period moving averages confirmed the bearish bias, with the 200-day line acting as a long-term ceiling.

MACD & RSI

The 15-minute MACD showed a bearish crossover and weak positive momentum during the morning rebound, but histogram bars flattened as the price declined. RSI hit oversold levels below 30 in the afternoon, hinting at potential near-term support. However, the failure to rebound decisively suggests continued caution is warranted.

Bollinger Bands and Volatility

Volatility expanded significantly in the early hours, with the Bollinger Bands widening between 1.438 and 1.508. Price spent much of the day trading near the lower band, suggesting bearish control. A contraction was observed in the late afternoon, indicating a possible short-term pause in selling pressure.

Volume and Turnover

Volume surged during the morning bullish rebound, reaching a peak of 106,177.08 in a single candle, but declined sharply in the afternoon. This suggests a lack of follow-through buying. Turnover diverged from price during the late afternoon sell-off, with higher turnover failing to produce lower prices—potentially signaling an early bottom formation.

Fibonacci Retracements

On the 15-minute chart, price found key support at 38.2% (1.478) and 61.8% (1.447) of the prior bullish swing. On the daily chart, a 61.8% retracement level aligned with the 1.438 support level, which held during the session. These levels suggest potential for short-term bounce or consolidation.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when RSI hits oversold levels below 30, with a stop loss set at the nearest Fibonacci support level and a target at the 38.2% retracement. This would be complemented by a MACD crossover and volume confirmation. During this 24-hour period, such a setup was observed at 1.447, but failed due to continued bearish momentum. A refined version of this strategy could include a bearish short signal upon a breakdown below 1.438.