Market Overview for Manchester City Fan Token/Tether (CITYUSDT) - 2025-09-13

• Price surged to 1.077 after testing key resistance at 1.07
• RSI showed moderate overbought conditions in the late ET afternoon
• Volatility spiked during 5–6 PM ET with strong volume confirmation
• Price consolidated near 1.070–1.073 in last 4 hours
• Bollinger Bands indicate tightening ahead of a potential breakout

The 24-hour period for Manchester City Fan Token/Tether (CITYUSDT) saw the price open at 1.061, reach a high of 1.082, and fall to a low of 1.053, before closing at 1.071 at 12:00 ET. The total traded volume was 653,676.83, and notional turnover amounted to $693,528.75, reflecting increased activity following a late-night rally and afternoon consolidation.

Structure & Formations

The price formed multiple engulfing bullish patterns in the late night and early morning, particularly between 1:00–2:45 AM ET, as buyers pushed the token above key resistance levels near 1.067 and 1.07. A bullish reversal pattern emerged around 5:45 AM ET when the price rebounded off a 15-minute support of 1.069 and continued higher. A shooting star formed around 1:45 PM ET as sellers emerged briefly, pushing the price lower but failing to break the 1.070 support. Hammer patterns in the 9:00–10:00 AM ET range signaled potential short-covering and momentum shifts in favor of bulls.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near 1.063 in the early morning, forming a bullish crossover, which was followed by a steady move up. By late afternoon, the 50-period MA had settled at 1.069, while the 20-period MA was at 1.071, reinforcing the uptrend. On the daily chart, the 50-period MA rests at 1.068, and the 200-period MA is at 1.062, suggesting a potential trend reversal in place and a stronger near-term bullish bias.

MACD & RSI

The MACD line turned positive after 3:00 AM ET, crossing above the signal line with increasing momentum. A bullish divergence occurred around 5:15 AM ET as MACD continued to rise while price briefly corrected. The RSI peaked at 68 during the afternoon, indicating overbought conditions, but remained within a normal range, showing no extreme overbought behavior. A RSI divergence occurred around 4:30 PM ET as price dipped below 1.07 while RSI remained above 60, signaling potential for a continuation.

Bollinger Bands

Bollinger Bands widened significantly during the night hours as volatility increased, particularly from 1:00–3:00 AM ET. The price moved above the upper band during a 1.072–1.076 range, suggesting strong bullish momentum. In the afternoon, the bands began to narrow, indicating potential consolidation. The current price of 1.071 sits just below the upper band, suggesting continued strength with a possible retest of the 1.075–1.077 range in the near term.

Volume & Turnover

Volume surged during key price movements, especially between 5:00–6:00 AM ET and 6:00–7:00 PM ET, with the largest single 15-minute volume spike at 6:45 PM ET (volume: 39,975.57). Notional turnover mirrored these spikes, peaking at $41,384.30 during the 6:45–7:00 PM ET window. Price and volume were in alignment, indicating strong buyer confidence. Divergences were not observed in the last 24 hours, suggesting continued bullish sentiment.

Fibonacci Retracements

On the 15-minute chart, the price tested the 61.8% retracement level at 1.070, which acted as a strong support. A 38.2% retracement at 1.073 served as resistance before the price surged to 1.077. For the daily chart, the 50% retracement level of the last week’s move remains at 1.075, which is now a potential consolidation and breakout zone. A move above this level could signal a continuation of the bullish trend.

Backtest Hypothesis

Given the recent bullish momentum and strong volume confirmation, a potential backtest strategy could involve a long entry at the close of a bullish engulfing pattern, with a stop-loss placed slightly below the prior swing low and a take-profit at the nearest Fibonacci resistance level (1.075–1.077). This strategy would align with the observed MACD crossover and RSI divergence signals. Testing this approach using a 15-minute chart over the last 30 days would help assess its statistical significance and profitability.