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Summary
• PORTOUSDT declined from 0.996 to 0.975, with a bearish engulfing pattern at 0.982–0.978.
• Volume spiked at 22:45 ET, confirming a 0.978 close.
• RSI entered oversold territory near 0.975, suggesting potential short-term bounce.
• Bollinger Bands widened after 05:15 ET, indicating increased volatility.
The FC Porto Fan Token/Tether (PORTOUSDT) opened at 0.991 on 2025-12-16 at 12:00 ET and closed at 0.975 on 2025-12-17 at 12:00 ET. The pair reached a high of 1.000 and a low of 0.954 during the period. Total volume amounted to 22855.43, while notional turnover (amount × price) totaled approximately $21,739.
Structure & Formations
Price action on the 5-minute chart displayed a bearish engulfing pattern around 0.982–0.978, suggesting a potential continuation of the downward move. A key support level appears to have formed near 0.972–0.974, as the asset bounced off this range multiple times during the early morning hours.

Moving Averages
On the 5-minute chart, the 20-period and 50-period SMAs both trended downward, confirming the bearish bias. The daily chart indicates that the price remains below the 50, 100, and 200-period SMAs, suggesting a continuation of the broader downtrend could be likely.
MACD & RSI
The MACD crossed below the signal line around 02:15 ET and remained negative throughout the 24-hour period, reinforcing bearish momentum. The RSI reached oversold territory (below 30) near 0.975, which could provide short-term buyers an opportunity for a bounce, though confirmation is needed above 0.982.
Bollinger Bands
Bollinger Bands expanded significantly after 05:15 ET as the price dropped to 0.959, reflecting a rise in volatility. The price remained near the lower band during the late-night session but showed signs of consolidation in the morning, indicating potential for a reversal if it breaks back toward the middle band.
Volume & Turnover
Trading activity increased significantly after 05:15 ET, with the largest notional turnover occurring around 05:15–05:30 ET. Price and turnover moved in tandem during this time, confirming the bearish move. Divergences were not observed, but volume spiked again at 07:30 ET, supporting the closing rally near 0.973.
Fibonacci Retracements
On the 5-minute chart, the price found support near the 61.8% Fibonacci level of the earlier 0.996–0.978 decline, at approximately 0.983–0.981. A retest of this level could be expected in the next 24 hours. On the daily chart, the 38.2% retracement level at 0.979 has been a recent resistance point, suggesting it could become a key pivot.
Looking ahead, a test of 0.983–0.985 may provide short-term buyers a chance to reverse the trend. However, a failure to hold above 0.972–0.974 could extend the decline further, increasing downside risk in the near term. Investors should monitor volume and RSI for signs of reversal or continued bearish momentum.
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