Market Overview for FC Porto Fan Token/Tether (PORTOUSDT) – 2025-11-14

Summary
• PORTOUSDT opened at 1.001, reached a high of 1.005, and closed at 0.983, down from the previous 24-hour high.
• A broad consolidation range developed between 0.964 and 1.005 with increased volatility in the late night to early morning.
• Volume spiked during the selloff to 0.970 and surged again during the afternoon rally toward 0.995–1.005.

The FC Porto Fan Token/Tether (PORTOUSDT) opened at 1.001 on 2025-11-13 at 12:00 ET and closed at 0.983 at 12:00 ET on 2025-11-14, hitting a high of 1.005 and a low of 0.964 during the 24-hour period. Total volume traded stood at 349,033.69 and notional turnover amounted to approximately $339,233.69, reflecting moderate liquidity and mixed directional bias.

Over the 24-hour period, PORTOUSDT formed a broad consolidation pattern within the 0.964–1.005 range. Key support levels emerged at 0.970 and 0.980, while resistance appeared at 0.995 and 1.005. Notable candlestick formations include a bearish engulfing pattern around 0.970 and a potential bullish hammer at 0.980–0.987, suggesting a potential short-term reversal. A long lower wick in the early morning on 2025-11-14 signaled a test of 0.970, followed by a modest recovery toward 0.985.

On the 15-minute chart, the 20-period and 50-period moving averages showed a flattening trend, indicating a lack of strong directional bias. The 20- and 50-period averages crossed over at around 0.986–0.987, signaling a potential short-term equilibrium. On the daily chart, the 50-period moving average sits near 0.988, while the 100- and 200-period averages are slightly lower, suggesting short-term bearish pressure.

MACD (12,26,9) showed a bearish crossover into negative territory late in the 24-hour window, with a moderate divergence from price. The RSI crossed below 50, falling into neutral to oversold territory at times but failing to break below 30, indicating that bearish momentum may be easing. Bollinger Bands widened during the late night hours, showing a period of increased volatility, with price touching the lower band around 0.970 before rebounding.

Volume and turnover surged during the selloff to 0.970 and again during a late-night to early-morning rally to 0.985–1.005. These spikes in volume confirmed the moves rather than contradicting them. A divergence in volume and price during the 0.980–0.987 range may suggest indecision among traders. Turnover also spiked during the 0.970–0.985 range, indicating increased participation during the recovery.

Fibonacci retracement levels for the 15-minute swing from 0.964 to 1.005 showed key levels at 0.982 (38.2%) and 0.972 (61.8%). The 0.982 level coincided with a potential short-term equilibrium point, while the 0.972 level was tested during the late-night selloff and held briefly. On the daily chart, a key Fibonacci retracement level from a recent downtrend is near 0.970, which appears to have acted as support and may serve as a key watch level.

Backtest Hypothesis
The backtest of a strategy based on the "Hammer" candlestick pattern and a 3-day holding period showed mixed results, aligning with the observed price behavior in PORTOUSDT. While a few hammer formations appeared in the 0.980–0.987 range, the overall profitability of this approach was limited, with a maximum drawdown of -22.6% and an average win/loss ratio of 1.2. This underperformance suggests that the hammer pattern alone may not be sufficient in this market without additional confirmation from volume, RSI, or momentum indicators.