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

• ATMUSDT fell 9.3% in 24 hours, hitting a 1.50 low before a late morning rebound.
• Volatility spiked after 4:15 ET as ATMUSDT broke below 1.52, confirming bearish momentum.
• RSI and MACD signaled oversold conditions by 8:00 ET, hinting at a possible rebound.
• Volume surged during the sell-off, peaking at 324k at 10:00 ET, but waned during the rebound.
• Bollinger Bands contracted at 9:00 ET before widening, suggesting a potential breakout.

The Atletico De Madrid Fan Token/Tether (ATMUSDT) opened at 1.699 on 2025-10-04 at 12:00 ET and closed at 1.548 on 2025-10-05 at 12:00 ET, with a daily high of 1.749 and a low of 1.47. Total volume for the 24-hour period was 6,055,299.71, and notional turnover was approximately $9,917,102. The pair experienced a sharp bearish move during the early morning hours before a modest recovery into the afternoon.

Structure & Formations showed a strong bearish bias with key support at 1.52 and resistance at 1.57. A bearish engulfing pattern was visible around 19:30 ET, confirming the breakdown from 1.55. A long lower shadow at 05:15 ET hinted at short-covering or a potential reversal. The 1.50 level appears to be the next critical support level.

Moving Averages on the 15-minute chart indicated a clear bearish bias with the 20-EMA and 50-EMA both trending downward. The price action remained below both indicators, reinforcing the downtrend. On the daily chart, the 50-EMA and 100-EMA are closely aligned, and the price remains above the 200-EMA, suggesting potential for a short-term bounce.

The MACD crossed below the signal line at 4:15 ET and remained bearish for most of the session, though it showed a slight upward divergence around 8:00 ET. RSI hit oversold territory at 29 and rebounded, with a potential for a short-term rebound. Bollinger Bands saw contraction between 8:30 and 9:30 ET before widening again, suggesting an increase in volatility.

Volume and turnover spiked significantly during the early morning sell-off, peaking at 324k at 10:00 ET. However, volume declined during the mid-morning recovery, suggesting the bounce may lack strong conviction. A divergence between volume and price during the rebound could imply limited upside potential.

Fibonacci retracement levels from the 1.749 high to the 1.47 low identified 1.59 (61.8%) as a key resistance and 1.54 (38.2%) as a potential support level. The current price is near 1.54, suggesting a test of that level in the near term.

Backtest Hypothesis: The strategy outlined involves entering long positions when RSI drops below 30 and MACD forms a bullish divergence. The current data suggests that a buy signal was triggered at around 8:00 ET as RSI bottomed at 29 and MACD showed a slight upward divergence. If this strategy were applied, an entry would have been made at 1.513 with a target near 1.54 and a stop just below 1.50. A short-term trade based on this pattern could have captured a 2.3% move by 10:00 ET. This illustrates how RSI and MACD can be used to identify potential reversal points in ATMUSDT.