FC Porto Fan Token/Tether (PORTOUSDT) Market Overview

Summary
• PORTOUSDT tested key support at $1.12 before rebounding with a bullish reversal pattern.
• Volume increased significantly during the morning surge, confirming a potential short-term reversal.
• RSI and MACD indicate wakening bearish momentum, suggesting possible consolidation ahead.
• Bollinger Bands show a recent contraction, signaling potential volatility ahead as the market nears equilibrium.
• Fibonacci levels suggest 1.136 may act as a critical resistance ahead of the 1.142 target.

At 12:00 ET on 2026-01-04, FC Porto Fan Token/Tether (PORTOUSDT) opened at $1.118 and closed at $1.138, reaching a high of $1.142 and a low of $1.115. Total 24-hour volume was 75,604.93 and turnover was 84,393.14.

Structure & Formations

The 24-hour chart shows PORTOUSDT consolidating above a key support level at $1.12 after forming a bullish reversal pattern in the early hours. A potential short-term base is forming around $1.13, with 61.8% Fibonacci retracement aligning with $1.136 and 38.2% at $1.129.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages are converging above $1.135, suggesting upward pressure. On the daily chart, the 50-period MA is above the 200-period MA, reinforcing a mildly bullish bias.

Momentum and Oscillators

The RSI has moved from overbought territory to mid-range levels, suggesting a pause in the upward move. MACD turned positive, with the signal line crossing above zero, hinting at renewed short-term momentum.

Volatility and Bollinger Bands

Bollinger Bands have narrowed significantly in the past few hours, signaling a possible breakout. Price action has remained within the 1.12–1.14 range, with increased volatility expected as the channel expands.

Looking ahead, PORTOUSDT could see a test of 1.142 if buyers maintain control above $1.13. Investors should remain cautious of potential pullbacks if the 1.13 level is breached, which could trigger a retest of the $1.12 support.