ATMUSDT Price Movement Overview
The Atletico De Madrid Fan Token paired with Tether USDt (ATMUSDT) commenced trading at 1.245 on September 4, 2025, at 12:00 ET, concluding the following day at 1.261. During this 24-hour trading cycle, the price peaked at 1.262 and dipped to a low of 1.230, with total trading volume reaching 279,562.99 and a notional turnover of 350,417.95 USD.
Market Structure and Patterns
Initially, the price operated within a defined range before breaking upward. A bullish engulfing pattern emerged between 17:00 and 17:30 ET, signaling a shift from bearish to bullish sentiment. Later, a doji formation around 1.239 at 19:30 ET indicated a potential pause or reversal in the trend. Notable support was established in the 1.235–1.238 range, consistently holding during multiple tests, while resistance levels at 1.242 and 1.249 faced slight rejections.
Moving Averages Analysis
On the 15-minute chart, the 20-period and 50-period moving averages exhibited a bullish crossover as prices ascended. In the daily analysis, the 50-period moving average was positioned above the 100 and 200-period averages, reinforcing a long-term bullish outlook. The current trading price remains above all three moving averages, indicating market strength.
MACD and RSI Insights
Throughout the upward movement from 17:00 to 20:00 ET, the MACD line showcased a significant positive divergence, affirming bullish momentum. The RSI peaked in overbought territory (above 70) near 1.262, hinting at the potential for a pullback. Nonetheless, the price maintained a position above 1.245, reflecting robust buyer interest.
Bollinger Bands Evaluation
The Bollinger Bands widened during the initial bullish phase, with the price briefly touching the upper band at 1.262. The middle band remained above 1.248, with prices staying above it for most of the session, signaling a bullish trend. As the session concluded, a contraction in volatility was noted, with prices tightening around the middle band, indicating a possible breakout or continuation.
Volume and Turnover Analysis
Significant volume increases were observed between 17:00 and 19:00 ET, coinciding with the most pronounced upward movement. This surge in notional turnover further validated the bullish trend. Conversely, a divergence between price and volume was identified from 00:00 to 01:00 ET, where the price consolidated while volume remained low, suggesting a lack of strong conviction in the prevailing direction.
Fibonacci Retracement Levels
Utilizing Fibonacci retracement on the significant 15-minute swing from 1.230 to 1.262 revealed support around the 61.8% level at approximately 1.247. On the daily chart, both the 38.2% and 61.8% retracement levels corresponded with key support and resistance levels observed during the session, further validating the current market structure.
Backtesting Strategy Hypothesis
Given the recent price structure and volume activity, a backtest could be devised utilizing a breakout strategy focused on the 1.249 and 1.262 levels. The bullish engulfing pattern on the 15-minute chart, complemented by strong volume and MACD confirmation, suggests that initiating a long position at the close of the bullish candle, with a stop loss set below the low of the pattern, could have resulted in a profitable trade. A target might be established at the next Fibonacci level or the upper Bollinger Band. This strategy aligns with observed momentum and structure while also considering the risk of a retest or false breakout.
