Market Overview for Paris Saint-Germain Fan Token/Tether (PSGUSDT) - 2025-11-09

• Paris Saint-Germain Fan Token/Tether (PSGUSDT) declined over 24 hours from 1.071 to 1.031.
• Momentum weakened as RSI approached oversold levels and MACD crossed below zero.
• Volatility expanded, with price hitting key Fibonacci levels and testing lower Bollinger Band support.

Opening Summary

At 12:00 ET–1 on 2025-11-08, PSGUSDT opened at 1.04 and reached a high of 1.071 before closing at 1.031 by 12:00 ET on 2025-11-09. The 24-hour period recorded a total volume of 666,355.6 and a notional turnover of 68,000. The token appears to be consolidating after a sharp sell-off, with key support levels forming near 1.030.

Structure & Formations

Price action over the past 24 hours showed a bearish bias, with several bearish reversal formations such as gravestone dojis and bearish haramis appearing in the evening trading session. Resistance remains intact around the 1.038–1.040 level, while support appears to hold at 1.030–1.033. A breakdown below 1.030 could trigger further bearish momentum.

Moving Averages

On the 15-minute chart, price is trading below the 20 and 50-period moving averages, indicating short-term bearish momentum. On the daily chart, the 50- and 200-period lines remain separated, suggesting no clear trend has emerged. A cross above the 50-period line may indicate a potential recovery.

MACD & RSI

The MACD line crossed into negative territory in the early morning, confirming bearish momentum. The RSI has approached oversold levels near 28, suggesting potential for a short-term bounce. However, without a bullish MACD crossover, a sustained rebound appears unlikely.

Bollinger Bands

Volatility expanded through the early morning, with the bands widening significantly. Price tested the lower band at multiple points, particularly between 03:00 and 04:00 ET, suggesting traders are testing support in the 1.030–1.035 range. A break below the lower band could increase bearish pressure.

Volume & Turnover

Volume spiked in the early hours of 2025-11-09, particularly around 02:45 ET when the price dropped from 1.031 to 1.018. Turnover was uneven, with the largest notional trades occurring during the 1.035–1.030 range. Divergences between price and volume suggest mixed market sentiment.

Fibonacci Retracements

Price reached the 61.8% Fibonacci retracement level at 1.031 during the early morning sell-off, signaling a potential short-term bottom. The 38.2% level at 1.035 could serve as a retest level. A close above 1.036 may indicate a reversal, but continued bearish momentum could push the price toward the 1.020–1.015 range.

Backtest Hypothesis

The technical indicators suggest a potentially valid backtesting strategy could be designed around key reversal patterns and overbought/oversold conditions. For example, a strategy that buys PSGUSDT on a bullish engulfing pattern after an oversold RSI condition might align with the observed price behavior. The use of stop-loss and take-profit levels would help mitigate risk during volatile periods. A similar backtest for BLSH (BLSH.N) is currently being evaluated using a Bullish Engulfing pattern at the daily level with an 8% stop-loss, 15% take-profit, and a 5-day maximum hold period. The strategy spans 3 Jan 2022 to 8 Nov 2025, offering a performance timeline that captures multiple market cycles and volatility events.