Market Overview for Manchester City Fan Token/Tether (CITYUSDT) on 2025-11-11

Summary
• CITYUSDT opened at $0.678 and closed at $0.691 with a high of $0.703 and low of $0.675.
• Total volume stood at 400,194.39 with turnover at $268,251.58, reflecting moderate volatility.
• A bullish breakout and pullback pattern formed near $0.692, indicating potential consolidation ahead.

On 2025-11-11, Manchester City Fan Token/Tether (CITYUSDT) opened at $0.678, rose to a high of $0.703, and closed at $0.691 with a low of $0.675. The 24-hour volume was 400,194.39, translating to $268,251.58 in notional turnover. Price action on the 15-minute chart showed a sharp reversal near $0.703 and subsequent consolidation around key support and resistance levels. Volatility picked up mid-day, driven by volume spikes in the 6:00–7:00 ET range.

Structure & Formations

Price formed a bullish breakout pattern at $0.703 before pulling back into a key consolidation phase between $0.682 and $0.694. A notable bullish engulfing pattern occurred at $0.690–0.692 in late ET hours, while a doji at $0.694–0.693 suggested short-term indecision. A strong support level formed at $0.682–0.684, which has held multiple times over the past 24 hours.

Moving Averages

On the 15-minute chart, the 20-period moving average rose above the 50-period line in the last 3 hours, indicating short-term bullish momentum. On the daily chart, price remains below all major MAs (50, 100, 200), confirming a longer-term bearish bias. A break above $0.695 could trigger a test of the 200-day MA at ~$0.704, while a retest of $0.675–0.680 may trigger further selling.

MACD & RSI

MACD turned positive in the last 2 hours, with the line crossing above the signal line, suggesting a short-term bullish crossover. RSI oscillated between 45 and 65 during the day, showing moderate momentum but no overbought conditions. A sustained RSI above 55 could indicate increasing buyer participation, while a drop below 45 may trigger a retest of support at $0.682.

Bollinger Bands

Price traded within the Bollinger Band range, touching the upper band at $0.703 mid-day and retreating toward the mean of $0.689–0.692 in the latter half. The 15-minute band width expanded during the 6:15–6:45 ET period, coinciding with the largest volume spike. A sustained move beyond the upper band could indicate a breakout, while continued consolidation may point to sideways trading.

Volume & Turnover

Volume and turnover spiked dramatically at 6:15–6:30 ET, with the largest single 15-minute volume at 81,907.41 and corresponding turnover of $57,500. A divergence between price and volume was observed during the 4:00–5:00 ET window, where price declined but volume remained relatively flat. This may suggest a weakening in the bearish sentiment as price approaches key support.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key 15-minute swing from $0.675 to $0.703 showed 38.2% at $0.691 and 61.8% at $0.688. Price tested and held above 61.8% late in the session, suggesting a potential continuation of the bullish move. On the daily chart, the 38.2% retracement of the broader downtrend lies near $0.694–0.695, a critical level to monitor for trend reversals.

Backtest Hypothesis

The MACD Golden Cross + 5-Day Death-Cross Exit strategy tested on CITYUSDT from 2022 to 2025 delivered a total return of -51.4% with a Sharpe ratio of -0.47, highlighting its underperformance in the bearish-to-sideways conditions typical of this token. The average trade return was negative, with frequent whipsaws and serial losses during down-trends. These results underscore the need for refined entry and exit signals, such as longer moving averages, volume filters, or trailing stops, to adapt the strategy for crypto’s high-volatility environment.