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

• ATMUSDT dropped 5.3% in 24 hours, closing at 1.028 after hitting a low of 1.024
• Volatility spiked during late ET hours, with a sharp correction from 1.123 to 1.028
• RSI reached oversold territory near 1.024, suggesting potential short-term rebound
• Bollinger Bands show price near lower band, indicating low volatility and potential bounce
• High-volume pullback at 1.075–1.085 suggests strong near-term support

The 24-hour period for Atletico De Madrid Fan Token/Tether (ATMUSDT) saw a notable downtrend, opening at 1.102 on 2025-10-29 at 12:00 ET and closing at 1.028 on 2025-10-30 at 12:00 ET. The token reached a high of 1.123 and a low of 1.024 during the session. Total trading volume across the 24-hour period was 517,736.21, with notional turnover reaching $534,829. The price action reflects a bearish consolidation, especially after a sharp correction from 1.123 in the early hours of the morning to 1.024 by 15:30 ET.

Structure & Formations

Price action reveals a strong bearish momentum following a key resistance level at 1.123, which was broken early in the morning before a sharp pullback. A significant bearish engulfing pattern formed at 1.113–1.123, signaling a reversal in the short-term trend. A doji appeared near 1.114 at 03:00 ET, indicating indecision among traders. Subsequently, a long bearish candle at 1.099–1.082 at 04:30 ET confirmed the downward shift in sentiment. The 1.075–1.085 range appears to be a key support level, with several large-volume bars confirming its strength.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are currently in a bearish crossover, with the 50SMA (50-period simple moving average) sitting above the 20SMA. The daily 50SMA and 200SMA are also in a bearish alignment, suggesting a continuation of the long-term downtrend. A potential bounce near 1.075 may test the 200SMA as a dynamic support level.

MACD & RSI

The MACD line is in negative territory, with the histogram showing a contraction, indicating weakening bearish momentum. RSI has dipped into oversold territory below 30 at 1.024, suggesting a potential near-term reversal. A rebound could see RSI climbing toward 45–50, but a break below 30 would reinforce bearish sentiment. The divergence between the RSI and price action at the 1.090–1.110 level suggests a possible false breakout before the current trend is confirmed.

Bollinger Bands

Bollinger Bands have recently expanded following the sharp correction from 1.123 to 1.024, indicating increased volatility. Price is currently near the lower band, which supports the idea of a potential bounce. A sustained move above the 1.057–1.060 level could trigger a retesting of the mid-band and a potential consolidation period.

Volume & Turnover

Trading volume spiked during the sharp correction from 1.123 to 1.082, with a notable bar of 38,551.89 at 04:30 ET. This high-volume candle confirmed the bearish sentiment. Turnover spiked in tandem with volume, especially during the 04:30–06:30 ET period. However, volume has since decreased, suggesting that the bearish momentum may be running out of steam. A volume increase during a potential bounce would confirm strength in a rebound.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from 1.024 to 1.123, the 38.2% and 61.8% retracement levels are approximately at 1.061 and 1.085, respectively. The 1.085 level coincides with a strong support zone and could act as a potential bounce level. A break below 1.024 would trigger a deeper retracement analysis, with the next key level at 0.990 (78.6%).

Backtest Hypothesis

The MACD Golden Cross backtest described in the strategy requires historical MACD Golden Cross events to proceed. Given the data provider's inability to locate the ATMUSDT asset, the backtest cannot be completed automatically. A potential solution is to confirm the correct ticker format (e.g., ATM/USDT or ATMUSDT.PERP) or provide a manual list of MACD Golden Cross events. Once confirmed, the backtest can be applied to assess the effectiveness of the strategy over the period 2022-01-01 to 2025-10-30. Integrating this approach with the current technical analysis could offer a robust framework for entry and exit timing based on historical momentum signals.