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Summary
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FC Porto Fan Token/Tether (PORTOUSDT) opened at 1.220 on 2026-01-17 12:00 ET and closed at 1.214 by 2026-01-18 12:00 ET. The 24-hour high was 1.245, and the low was 1.198, with total volume of 139,484.56 and turnover of 169,630.63 USD.
Structure & Formations
The 24-hour chart showed a sharp rebound from the 1.201 level, where a bullish engulfing pattern formed. This pattern, observed at the bottom of the range, suggests temporary buying interest. Key support appears near 1.202–1.205, while resistance is likely to retest 1.215–1.218. The price action may find short-term direction near these levels in the coming 24 hours.
Moving Averages
On the 5-minute chart, the 50-period MA acted as a dynamic support line during the rebound, reinforcing the short-term bullish bias. On a daily timeframe, the 200-period MA remains distant above current levels, indicating the broader trend remains neutral to slightly bearish.
Momentum and RSI

Volatility and Bollinger Bands
Volatility expanded during the late ET hours, with price closing near the upper Bollinger Band. This suggests a possible overextension to the upside, potentially leading to a short-term correction. However, the band width indicates that volatility is still within a normal range for this pair.
Volume and Turnover
Volume surged during the 18:30–20:00 ET timeframe, coinciding with a 1.215–1.235 rebound. Notional turnover also rose sharply, confirming the price action rather than signaling divergence. The increase in volume appears to support a continuation of the short-term bullish trend.
Fibonacci Retracements
Recent 5-minute swings show a key retracement level at 1.215–1.218, which corresponds to 38.2% of the rebound from 1.198. If this level holds, it may confirm a continuation of the rebound pattern. However, a breakdown below 1.202 could trigger a retest of earlier support levels.
The pair may consolidate near 1.214 in the short term, with potential for a follow-through rally toward 1.225–1.23. However, increased selling pressure below 1.205 could threaten this outlook, so traders should watch for divergence in price and volume as a risk signal.
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