Market Overview: 24-Hour Analysis of Manchester City Fan Token/Tether (CITYUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byRodder Shi
Saturday, Jan 10, 2026 9:27 am ET2min read
CITY
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Aime RobotAime Summary

- CITYUSDT fell from 0.708 to 0.663, forming bearish engulfing patterns and hitting key support at 0.662–0.664.

- Volume spiked initially but declined sharply, while RSI neared oversold levels and MACD showed fading bearish momentum.

- Bollinger Bands tightened in the final 10 hours, and Fibonacci retracements highlighted 0.662–0.664 as a potential short-term floor.

Summary
• Price fell from 0.708 to 0.663, forming multiple bearish engulfing patterns.
• Volume spiked at the start of the 24-hour period before declining sharply.
• RSI and MACD indicated weak momentum, with RSI hovering near oversold territory.
• Bollinger Bands showed tight consolidation in the final 10 hours.
• Fibonacci retracements suggest 0.662–0.664 as key support for short-term buyers.

Manchester City Fan Token/Tether (CITYUSDT) opened at 0.702 on 2026-01-09 at 12:00 ET, reached a high of 0.708, touched a low of 0.662, and closed at 0.663 by 12:00 ET on 2026-01-10. Total volume was 625,585.09, with notional turnover of $409,567.67.

Structure & Formations

Price action on the 5-minute chart showed a sharp bearish breakdown, with the 0.664–0.662 range acting as a key support zone. A bearish engulfing pattern formed at the 17:00 ET candle (0.702 open to 0.674 close), signaling a shift in momentum.

. A potential bullish reversal was observed near 0.662, but buyers appear hesitant to push higher without confirmation.

Moving Averages

The 5-minute 20-period and 50-period moving averages have remained bearish, with the 50SMA crossing below the 20SMA earlier in the 24-hour period, confirming a downtrend. Daily MA lines are not currently available for 2026-01-10, but historical data suggests the 50DMA remains above 0.67.

MACD & RSI

MACD remained negative throughout the period, with the histogram shrinking in the final 6 hours, indicating fading bearish momentum. RSI dipped below 30 for extended periods, reaching as low as 29, suggesting the pair may be approaching a short-term oversold condition. A bullish cross of the signal line could signal a potential rebound.

Bollinger Bands

Bollinger Bands showed a period of tight consolidation in the final 10 hours, with price hovering near the lower band. Volatility had been high in the first half of the period, as seen by wide band expansion, but it has since contracted, suggesting a potential breakout or reversal is pending.

Volume & Turnover

Volume peaked in the first 30 minutes at 323,264.4, but steadily declined afterward. Notional turnover mirrored volume trends, with a significant drop in the last 6 hours despite continued bearish price pressure. This divergence suggests fading bearish conviction.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing from 0.708 to 0.662, key levels at 0.684 (38.2%), 0.676 (50%), and 0.668 (61.8%) appear to have been respected. Price stalled near 0.662–0.664, which aligns with a 76.4% retracement, indicating a potential floor for short-term buyers.

Market Overview

The 24-hour period saw a steady decline in

CITYUSDT
, with key support levels providing temporary relief near 0.662–0.664. While momentum indicators suggest a possible pause in selling, bearish bias remains intact.

Looking ahead, a close above 0.666 could signal a short-covering rally, but a break below 0.662 may invite further downside. Traders should remain cautious as volume has waned and trend confirmation is pending.