FC Porto Fan Token/Tether USDt Market Overview

• PORTOUSDT traded in a narrow range for most of the day before surging above 0.98
• Volatility spiked during 03:00–04:00 ET with a sharp intraday correction
• MACD turned bullish with a positive divergence, while RSI hovered near 55
• Volume surged above average during the 03:00–05:00 ET correction phase
• Price is now testing the 0.984-0.987 resistance cluster from previous highs

PORTOUSDT opened at 0.953 on 2025-09-04 12:00 ET, reached a high of 1.010, fell to a low of 0.959, and closed at 0.983 on 2025-09-05 12:00 ET. Total volume was 456,879.06 units, with a notional turnover of $448,382.

Structure & Formations

The 24-hour price profile displayed a distinct reversal pattern: a long bearish consolidation phase was followed by a breakout above the 0.983 level. A bullish engulfing pattern formed at 03:00 ET, followed by a large-bodied candle confirming the reversal. A notable 38.2% Fibonacci retracement level at 0.984 coincided with a recent swing high, acting as a short-term resistance. The price may face rejection or break through this cluster, signaling a potential move toward 0.990 or 0.974.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMA lines crossed in a bullish “golden cross” at 02:45 ET, reinforcing the reversal. The 50-period MA on the daily chart now sits at 0.964, below the current price. This suggests the pair is in a short-term uptrend with potential for further consolidation. A move above 0.987 could trigger a broader bullish move aligned with the 200-period MA.

MACD & RSI

MACD showed a positive divergence with a line value of +0.003 and a histogram bar increasing in size. RSI rose from 35 to 55, indicating moderate bullish momentum. While not overbought, the RSI remains above the 50 threshold, suggesting continued buying pressure. A sustained move above 60 could signal an overbought condition and a potential pullback.

Bollinger Bands

Volatility increased during the 03:00–04:00 ET correction phase, widening the Bollinger Bands. The price then moved back into the upper band, indicating a potential continuation of the bullish move. A retest of the middle band (0.978) could trigger a countertrend pullback, but the overall trend remains intact.

Volume & Turnover

Volume spiked sharply between 03:00–05:00 ET, confirming the price reversal. Notional turnover also rose during this period, aligning with price action and suggesting strong institutional participation. A divergence between rising volume and flat price could signal a potential reversal, but no such pattern is observed in the most recent data.

Fibonacci Retracements

The 38.2% retracement level at 0.984 has acted as a strong resistance. A move above 0.987 (61.8%) could confirm the continuation of the bullish trend. On the daily chart, the 50% Fibonacci level is at 0.970, which may act as a support during any pullback.

Backtest Hypothesis

A potential backtesting strategy could involve a bullish breakout system that triggers long entries at the close above the 0.984 resistance level, with a stop-loss placed below the 0.976 support and a take-profit at 0.992. This aligns with the observed MACD divergence and the volume confirmation at the breakout. A short-term bearish counterstrategy could also be explored during a pullback to the 0.976–0.978 range, with tight stop-loss management.