Market Overview for FC Porto Fan Token/Tether (PORTOUSDT) – 2025-09-13

• PORTOUSDT opened at 1.047 and closed at 1.070, with a high of 1.092 and low of 1.044 in the last 24 hours.
• Price showed a bullish breakout above 1.070, with key resistance levels at 1.084 and 1.090 tested during the session.
• Volatility and volume surged in the late afternoon, confirming a strong directional bias.
• RSI reached overbought territory above 70, suggesting caution for further short-term gains.
• Turnover spiked with high-volume candles near the peak, indicating increased institutional participation.

FC Porto Fan Token/Tether (PORTOUSDT) opened at 1.047 on 2025-09-12 at 12:00 ET and closed at 1.070 on 2025-09-13 at the same hour. The 24-hour session saw a high of 1.092 and a low of 1.044, with total volume trading at 203,796.55 and total turnover of 217,407.59 USDT. The price showed a clear bullish bias toward the end of the session, particularly after 18:00 ET.

Structure & Formations

PORTOUSDT exhibited a strong bullish continuation pattern with key support identified at 1.050 and resistance at 1.084. A large bullish candle at 12:15 ET confirmed the break above 1.070. A potential triple top formation was observed between 1.084 and 1.090, where buying pressure was evident. A doji near 1.092 at 13:15 ET suggested a potential consolidation or reversal, though buyers regained control quickly.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both rising and have crossed above the 1.068 level, confirming a bullish trend. The daily chart shows the 50, 100, and 200-period MAs all aligned above 1.060, with the 50-period line crossing the 1.070 level. This convergence suggests a strong and sustained upward bias.

MACD & RSI

The MACD turned positive and remained above the signal line after 18:00 ET, indicating sustained bullish momentum. The RSI reached a high of 76 during the afternoon, suggesting the asset is nearing overbought conditions. While this isn’t a sell signal, it does suggest a pause or consolidation may be due before the next upward move.

Bollinger Bands

Volatility increased significantly after 18:00 ET, with the bands widening. Price traded near the upper band at multiple instances, most notably around 1.092, signaling strong buying pressure. The lower band was briefly tested at 1.062, but buyers intervened quickly. The widening of the bands suggests an ongoing bullish trend with potential for further upside.

Volume & Turnover

Volume surged significantly after 18:00 ET, with the largest 15-minute candle at 12:15 ET recording 130,241.9 USDT in turnover. This aligns with the price breakout above 1.070 and suggests strong institutional or large-capacity buying. The volume and turnover remain above their 50-period moving averages, further validating the bullish momentum.

Fibonacci Retracements

The most recent 15-minute swing from 1.044 to 1.092 shows key Fibonacci levels at 1.065 (38.2%), 1.077 (50%), and 1.085 (61.8%). These levels coincided with price consolidations and minor pullbacks. The 50% retracement at 1.077 was a key level of support and resistance, with the price confirming this as a pivot during the late afternoon.

Backtest Hypothesis

A potential backtesting strategy involves using the 50-period moving average as a dynamic support line and entering long positions when price breaks above it with a 1.5% volume increase relative to the previous candle. Stops could be placed at the 38.2% Fibonacci level, with targets at the 61.8% level. This approach aligns with the recent move above 1.070 and the confirmed volume spikes in the late afternoon.