In this Atletico Madrid Fan Token technical analysis, we will examine the current price action, trading volume, key levels and indicators for ATM-USDT. Atletico Madrid Fan Token (ATM) is a cryptocurrency that was created by the Spanish football club Atletico Madrid in partnership with the blockchain-based platform Socios. ATM allows fans to purchase tickets, merchandise, and other club-related items using their cryptocurrency tokens. The token also gives fans voting rights on certain club decisions, such as team name and logo design.
Atletico Madrid Fan Token Price Overview:
As of September 22, 2023, Atletico Madrid Fan Token is trading at approximately 2.416 USDT. Let’s dive into the detailed price action for ATM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 2.402 |
| High (H) | 2.446 |
| Low (L) | 2.385 |
| Close (C) | 2.416 |
| Volume (C) | 93,341.83 |
- Open (O): The opening price for today’s trading session was approximately 2.402 USDT.
- High (H): Atletico Madrid Fan Token reached a daily high of around 2.446 USDT.
- Low (L): The daily low for ATM-USDT was approximately 2.385 USDT.
- Close (C): At the time of analysis, Atletico Madrid Fan Token is trading near its daily close of 2.416 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.54% |
| 3D Change (%) | -2.74% |
| 7D Change (%) | -2.34% |
| 30D Change (%) | -5.25% |
| 90D Change (%) | 0.37% |
| YTD Change (%) | 5.04% |
Over the past three days, ATMUSDT has fallen by approximately -2.74%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -2.34%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ATMUSDT maintaining a downward trend of approximately -5.25%, despite intermittent fluctuations. Examining the last 90 days, ATMUSDT has witnessed substantial increase of approximately 0.37%, reflecting strong long-term confidence. Year-to-date, ATMUSDT has steadily increased by around 5.04%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Atletico Madrid Fan Token Live Chart:
You can access a live price chart for ATM-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 0.18705.
- Momentum score is -0.05255.
ATM USDT Technical Analysis
Atletico Madrid Fan Token Trading Volume:
The trading volume for Atletico Madrid Fan Token (ATM) over the past 24 hours has been insignificant, with approximately 93,341.83 USDT traded against ATM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ATM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Atletico Madrid Fan Token is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ATM-USDT is currently in the low zone, around 43.92375. This suggests that Atletico Madrid Fan Token is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Atletico Madrid Fan Token (ATM-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 insignificant 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.
