In this AC Milan Fan Token technical analysis, we will examine the current price action, trading volume, key levels and indicators for ACM-USDT. AC Milan Fan Token (ACM) is a cryptocurrency that allows fans to participate in the decision-making process of AC Milan, one of the most successful football clubs in Italy. By holding ACM tokens, fans can vote on various club-related matters such as player signings and jersey designs. This innovative approach to fan engagement not only empowers supporters but also provides a new revenue stream for the club.
AC Milan Fan Token Price Overview:
As of October 02, 2023, AC Milan Fan Token is trading at approximately 1.81 USDT. Let’s dive into the detailed price action for ACM-USDT:
- Open (O): The opening price for today’s trading session was approximately 1.831 USDT.
- High (H): AC Milan Fan Token reached a daily high of around 1.871 USDT.
- Low (L): The daily low for ACM-USDT was approximately 1.794 USDT.
- Close (C): At the time of analysis, AC Milan Fan Token is trading near its daily close of 1.81 USDT.
|1D Change (%)||-1.15%|
|3D Change (%)||1.06%|
|7D Change (%)||1.51%|
|30D Change (%)||-5.83%|
|90D Change (%)||-6.89%|
|YTD Change (%)||-21.37%|
Over the past three days, ACMUSDT has increased by approximately 1.06%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.51%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ACMUSDT maintaining a downward trend of approximately -5.83%, despite intermittent fluctuations. Examining the last 90 days, ACMUSDT has witnessed substantial decrease of approximately -6.89%, reflecting strong long-term confidence. Year-to-date, ACMUSDT has steadily declined by around -21.37%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
AC Milan Fan Token Live Chart:
You can access a live price chart for ACM-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.15593.
- Momentum score is -0.05827.
ACM USDT Technical Analysis
AC Milan Fan Token Trading Volume:
The trading volume for AC Milan Fan Token (ACM) over the past 24 hours has been significant, with approximately 276,995.90 USDT traded against ACM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): ACM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): AC Milan Fan Token is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ACM-USDT is currently in the low zone, around 42.69062. This suggests that AC Milan Fan Token is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
AC Milan Fan Token (ACM-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.