FC Porto Fan Token Market Overview

• PORTOUSDT surged 35% on a bullish breakout above 1.30, fueled by heavy buying in the 19:00–20:00 ET window.
• RSI spiked into overbought territory, while MACD crossed above zero with strong histogram momentum.
• Volatility expanded with Bollinger Band width rising 20%, and volume spiked to a 24-hour high near 500k.
• A 1.25–1.38 range has emerged as new support/resistance, with key 61.8% Fib at 1.334.
• A bearish correction from 1.388 to 1.304 suggests possible consolidation before a next move.

FC Porto Fan Token (PORTOUSDT) opened at 1.246 on 2025-08-16 at 12:00 ET, surged to 1.448, and closed at 1.259 on 2025-08-17 at 12:00 ET. Total volume was 6.21 million, and turnover reached $7.84 million over the 24-hour window.

Structure & Formations

The 15-minute chart displayed a sharp bullish reversal from 1.23 to 1.388, with a key 1.388 high acting as a pivot. A bullish engulfing pattern emerged at 1.236–1.266 around 19:30 ET, followed by a strong continuation. A bearish doji formed at 1.34–1.348 at 00:30 ET, signaling potential short-term indecision. Support appears to be consolidating at 1.25–1.27, while 1.30–1.32 may act as near-term resistance.

Moving Averages

On the 15-minute chart, price closed above both the 20-EMA (1.278) and 50-EMA (1.266), reinforcing a bullish bias. On the daily chart, the 50-period SMA sits at 1.269, while the 200-SMA is at 1.234, suggesting upward divergence from longer-term averages. The 100-SMA is currently at 1.256, indicating a potential consolidation phase is likely.

MACD & RSI

MACD crossed into positive territory mid-day, with a strong histogram peak at 00:30 ET. RSI reached 74, indicating overbought conditions, though a pullback to 60–65 suggests momentum remains intact. A bearish divergence in RSI was noted around 03:00–04:30 ET, hinting at a potential short-term correction before further upside.

Bollinger Bands

Volatility expanded significantly during the 19:00–20:00 ET surge, with Bollinger Band width increasing by ~20%. Price briefly touched the upper band at 1.388 before retreating, and has since remained within the 1.25–1.35 range. A consolidation phase below the upper band could indicate a setup for a test of the 1.40 level.

Volume & Turnover

Volume spiked to 502,394 at 19:00 ET, confirming the breakout above 1.30. Turnover mirrored volume closely, with no significant divergence. A lower volume pullback from 01:00–05:00 ET suggests profit-taking, but follow-through volume during the 07:00–09:00 ET session reaffirmed bullish conviction.

Fibonacci Retracements

Key retracement levels from the recent swing low (1.203) to high (1.448) include 1.334 (61.8%) and 1.306 (50%). On the 15-minute chart, price is now consolidating near the 1.25–1.27 range, with the 1.254 (38.2%) level acting as support. A break above 1.334 could trigger renewed bullish momentum.

Market appears poised for a test of 1.30–1.33 resistance, with RSI and volume suggesting continued demand. However, a pullback to 1.25–1.27 could trigger profit-taking and short-term volatility. Investors should monitor key support at 1.254 and resistance at 1.30–1.32 for directional clues.