FC Porto Fan Token (PORTOUSDT) Market Overview

PORTOUSDT opened at 0.907 on 2025-07-31 12:00 ET, reached a high of 0.914, a low of 0.84, and closed at 0.864 as of 2025-08-01 12:00 ET. The 24-hour volume totaled 152,349.0 units, with a notional turnover of $131,766.56.

Summary

• PORTOUSDT formed a bearish reversal pattern near 0.914, followed by a sustained decline into oversold RSI territory.
• Volatility expanded significantly during the drop, with price breaking below the 20-period moving average on the 15-minute chart.
• Bollinger Bands widened during the downtrend, indicating increased uncertainty and potential for a retracement.
• Volume surged during the key selloff from 0.907 to 0.84, confirming bearish momentum in the short term.
• Fibonacci retracement levels suggest potential support near 0.85 and 0.835 in the next 24 hours.

Structure & Formations

The 15-minute chart shows a bearish engulfing pattern forming at the 0.914 high, followed by a continuation of downward pressure. A series of lower highs and lower lows has created a descending channel, with key support levels forming near 0.87 and 0.85. A potential bullish reversal could emerge if price closes above the 0.875 level, which acted as a minor resistance in the earlier part of the session.

Moving Averages

On the 15-minute chart, the 20-period MA moved below the 50-period MA, forming a bearish crossover. The price has remained below both indicators since midday, reinforcing a downtrend. On the daily chart, the 50-period MA crossed below the 100-period MA, signaling a potential medium-term bearish bias.

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MACD & RSI

The MACD turned negative and remained in bearish territory, with a weak histogram suggesting declining momentum. RSI dipped into oversold territory below 30 during the late-night decline, raising the possibility of a short-term bounce. However, the divergence between the price and RSI during the selloff suggests caution—RSI failed to bottom alongside price in the 0.85–0.86 range.

Bollinger Bands

Bollinger Bands expanded significantly during the 0.907–0.84 decline, indicating heightened volatility. Price has since consolidated near the lower band, which currently sits around 0.85. A break above this level may trigger a retracement toward the 0.875–0.880 range, where previous resistance now acts as potential support.

Volume & Turnover

Volume spiked during the 0.84 low, with the largest candle (0.84–0.86) accounting for over $13,000 in turnover. This suggests significant bearish participation during the selloff. However, volume has since declined, which could indicate either exhaustion or a lack of conviction in the current downtrend.

Fibonacci Retracements

Applying Fibonacci to the 0.907–0.84 swing, the 38.2% retracement level is at 0.875, and the 61.8% level is at 0.858. Price has found support near the 61.8% level, suggesting a potential bounce is possible. On the daily chart, the 0.85 level marks the 38.2% retracement from a larger recent swing and could offer near-term stability.

FC Porto Fan Token appears to be in a short-term bearish phase, with oversold conditions potentially setting the stage for a retracement. However, the lack of bullish confirmation from volume and RSI suggests the downside could continue if support at 0.85 fails. Investors should remain cautious and watch for a decisive break above 0.875 as a potential reversal signal.