Recently, the fan token ATM of Atletico Madrid has shown an exceptionally eye-catching performance, with a single-day increase of up to 21%, and the price once climbed to 1.82 USD. Behind this remarkable trend, there seems to be quite a few secrets.

Analyzing this wave of increase, it can mainly be attributed to the following points: First, Atlético Madrid is likely preparing for a significant event, such as the upcoming fan engagement project, like voting for the new season's jersey design or choosing preseason opponents. These types of activities often trigger market expectations, prompting some investors to position themselves in advance.

Secondly, from the trading data perspective, a significant bullish candlestick appeared on July 28, with trading volume surging to 4.87 million, more than doubling the previous average daily level of 2.43 million. This simultaneous increase in volume and price is usually regarded as a signal of large capital actively entering the market.

In addition, the future application prospects of ATM tokens also add to their appeal. It is reported that holders may obtain NFT rewards by staking ATM in the future. With the recent resurgence of football-related NFT projects, this potential function undoubtedly adds extra investment value to ATM tokens.

However, investors should also be cautious about such severe fluctuations in the short term. Looking back at history, the Atletico Madrid token experienced an extreme situation of being halved in value in a single day last year. From a technical perspective, $1.9 is a key resistance level; breaking this level may lead to further upward movement towards $2.2. However, if it falls below the support level of $1.7, there may be significant risk of a pullback.

It is worth noting that the price of fan tokens is often closely related to club activities. Once major events such as fan voting are over, the market may face a situation of "good news already priced in," and a certain degree of correction is likely to occur.

Overall, the recent surge of ATM tokens has brought both opportunities and risks. Investors need to comprehensively assess market trends, view short-term fluctuations rationally, and manage risks effectively when participating.