FC Porto Fan Token/Tether (PORTOUSDT) Market Overview

• PORTOUSDT opened at 1.002 on 2025-09-15 and closed at 1.017 on 2025-09-16, reaching a high of 1.021 and a low of 0.975.
• Momentum reversed strongly post 05:00 ET, reversing a prior 6-hour bearish trend.
• Volatility expanded significantly, with a 5.4% daily range.
• Volume spiked 4x in the final 4 hours, confirming bullish momentum.
• RSI oversold at 25 (06:00 ET), followed by a strong rebound to overbought territory.

FC Porto Fan Token/Tether (PORTOUSDT) opened at 1.002 on 2025-09-15 and closed at 1.017 on 2025-09-16, reaching a high of 1.021 and a low of 0.975 during the 24-hour period. Total traded volume was 354,219.89 units, with a notional turnover of 355,496.41 USD. The price action displayed a strong bullish reversal in the final 8 hours of the period following a significant bearish move.

Structure & Formations

Price action revealed two key support levels at 0.994 and 0.982, both of which saw rejection and volume confirmation. A bearish engulfing pattern was visible around 06:00 ET, signaling a short-term downtrend, but this was decisively broken by a bullish reversal from 09:00 ET onwards. A potential double-bottom structure formed at 0.982, with a successful breakout on 09:15 ET. A bullish flag pattern emerged post 09:15 ET, supporting continuation of the upward trend.

Moving Averages

On the 15-minute chart, the 20 and 50-period moving averages crossed into bullish alignment around 10:00 ET. On the daily timeframe, the 50-period MA is well below the price, indicating a strong bullish bias. The 100 and 200-period MAs remain bearish, but the price is now closing above the 200-period line, suggesting a potential trend reversal.

MACD & RSI

The MACD line crossed above the signal line just before 09:00 ET, confirming bullish momentum. RSI, which hit oversold levels at 25, rebounded sharply to overbought territory above 70, indicating a strong reversal. Both indicators confirm a shift in sentiment.

Bollinger Bands

Price traded near the lower Bollinger band around 06:00 ET, reinforcing oversold conditions. A sharp rebound brought the price to the upper band by 10:30 ET, signaling an expansion in volatility. The price now appears to be consolidating within the band’s upper half, indicating continued bullish momentum.

Volume & Turnover

Volume surged from 19:00 ET onwards, particularly in the last 4 hours of the session, with the highest 15-minute volume of 17,679.63 units at 14:15 ET. Notional turnover spiked in line with price action, confirming the strength of the move. There was no noticeable divergence between volume and price, reinforcing the validity of the bullish trend.

Fibonacci Retracements

On the 15-minute chart, key retracement levels at 38.2% and 61.8% (0.996 and 1.002, respectively) were tested and held. On the daily chart, the 61.8% Fibonacci retracement level at 1.002 was crossed on the final hour, suggesting a potential target at 1.020–1.025.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on a bullish engulfing pattern confirmation and exiting at 61.8% Fibonacci retracement levels on the daily chart, with a stop-loss placed below the nearest support at 0.994. This setup appears to align with recent price action and could have captured much of the upward move during the final 6 hours of the 24-hour period. Given the current position near key resistance and confirmed momentum, the strategy may yield favorable risk-reward ratios in the coming days.