Market Overview for Manchester City Fan Token/Tether (CITYUSDT): 2025-10-03

• Price surged 1.5% on strong buying pressure in late-night and morning sessions.
• Volatility spiked with Bollinger Band expansion as price tested key resistance levels.
• RSI signaled overbought conditions near 70, suggesting potential pullback risk.
• Volume surged at key breakouts, confirming price strength in 0.99–1.00 range.
• 1.002–1.005 zone marked resistance; 0.985–0.990 acted as support during pullbacks.

The 24-hour chart for Manchester City Fan Token/Tether (CITYUSDT) opened at 0.98 and closed at 0.991 as of 12:00 ET. The pair surged to a high of 1.005 and dipped to a low of 0.975, showcasing significant price swings. Total volume reached 446,279.7 and notional turnover hit $427,507.32, indicating strong market participation.

Structure & Formations

Price action revealed a clear bullish bias in the final 12 hours, especially around 00:30 and 09:45 ET. A strong bullish engulfing pattern emerged at 00:30 ET, as price gapped up from 0.993 to 1.002. A morning consolidation phase from 08:30 to 09:45 ET saw a retest of the 0.995–1.002 range, suggesting a potential short-term support-turned-resistance pivot. Key support levels were identified at 0.985, 0.975, and 0.965, while resistance was noted near 0.995 and 1.005. A doji formed at 05:45 ET near 0.991, hinting at indecision before the rally.

Moving Averages

On the 15-minute chart, the 20-period EMA and 50-period EMA crossed above the price in the 00:30–01:45 ET window, confirming a bullish trend. The 20-EMA sat around 0.993 and the 50-EMA at 0.989 as of 12:00 ET, suggesting continued momentum. On the daily chart, the 50-EMA was at 0.989, 100-EMA at 0.983, and 200-EMA at 0.978, showing a positive crossover trend and strong alignment with the recent price rise.

MACD & RSI

The MACD (12,26,9) crossed above zero around 00:30 ET and remained positive through the morning, with a strong histogram indicating bullish momentum. RSI peaked at 72, entering overbought territory, and pulled back to 64 by 12:00 ET, suggesting a potential correction. However, the sustained RSI above 50 and the positive divergence between price and RSI indicate that buying interest remains strong.

Bollinger Bands

The Bollinger Bands (20-period) expanded significantly in the 00:30–02:30 ET period, reflecting heightened volatility. Price traded above the upper band at 1.002 and then consolidated within the bands from 02:45 to 09:00 ET. As of 12:00 ET, price was trading near the upper band at 1.002, suggesting a potential continuation of the upward trend if buyers continue to hold the 0.993–0.995 support range.

Volume & Turnover

Volume spiked at 00:30 ET and again at 09:45 ET, aligning with key price breakouts. The largest single 15-minute volume spike was at 09:45 ET, with 105,925.78 traded units and a notional value of $105,356.73, indicating strong buying pressure. The volume profile confirmed the breakouts in the 0.99–1.00 range but showed a divergence at 05:45 ET, where price pulled back despite relatively high volume. This suggests some profit-taking or consolidation pressure before the final push.

Fibonacci Retracements

The most recent swing (0.975–1.005) saw price retrace to the 61.8% level (0.991–0.993) at 08:00–09:00 ET before resuming the upward trajectory. This suggests that the 0.991–0.993 zone has strong support and could be a key area for further consolidation or a potential reversal point if buyers fail to hold it. The 38.2% retracement level (0.989–0.990) acted as a pivot point earlier in the day, confirming its significance.

Backtest Hypothesis

A potential backtest strategy could focus on breakout entries at the 1.002 upper Bollinger Band level, with a stop loss at the 0.991–0.993 support zone. The MACD and RSI could serve as entry confirmation signals—MACD above zero and RSI above 50. Traders could look to take profits at the next Fibonacci extension level, 1.018 (61.8% of the 0.975–1.005 swing). This approach would aim to capitalize on the strong bullish momentum seen in the 00:30–09:45 ET window, provided buyers continue to control the 0.993–1.002 range.