Market Overview for FC Porto Fan Token/Tether (PORTOUSDT)

• PORTOUSDT traded in a 1.058–1.096 range over 24 hours, with a closing rebound near 1.087–1.091.
• Key resistance levels appear to form near 1.083–1.090, with support near 1.074–1.078 based on 15-min swing highs/lows.
• Volatility picked up in the early morning hours, peaking near 1.096 as volume surged to 19,967.81.
• RSI signaled overbought conditions multiple times, but price held above 1.074 despite several sell tests.
• Bollinger Bands constricted near 1.078–1.083 early in the session before widening, indicating rising uncertainty.

The FC Porto Fan Token/Tether pair (PORTOUSDT) opened at 1.060 on 2025-10-12 at 12:00 ET and closed at 1.087 on 2025-10-13 at 12:00 ET. The 24-hour range was 1.058 to 1.096, with total trading volume of 149,748.28 and turnover of 160,437.04. The price action reflects moderate bullish momentum with a strong consolidation phase in the last 8 hours.

Over the 24-hour period, PORTOUSDT displayed a classic reversal formation with a bearish morning pullback followed by a sharp rally in the early hours of 2025-10-13. Notable candlestick patterns included a bullish engulfing pattern at 1.078–1.081 and a doji at 1.086–1.087, signaling indecision after a strong move. Key support levels appear to be forming at 1.074–1.078, while resistance is consolidating around 1.083–1.090.

The 15-minute moving averages suggest a bullish bias, with the 20-period EMA crossing above the 50-period at around 1.075–1.078. On the daily chart, the 50-period SMA is approaching the 100-period SMA, indicating potential for a bullish crossover. MACD remained positive throughout the session with a peak divergence noted near 1.096, suggesting overbought conditions. RSI spent much of the session in overbought territory, with a retest of 70 occurring around 1.087–1.091.

Bollinger Bands tightened significantly in the early morning hours, signaling a period of low volatility, before expanding as price broke out toward 1.090–1.096. Price generally remained within the upper and lower bands, suggesting continued range-bound behavior unless a breakout occurs. Fibonacci retracement levels from the 1.058–1.096 swing suggest key levels at 1.078 (38.2%) and 1.085 (61.8%), both of which were tested during the session.

The recent volume profile saw a significant spike during the 05:00–06:00 ET window, with a large block of volume at 1.076–1.079, followed by another peak near 1.090–1.096. Notional turnover closely followed the price action, with volume and turnover diverging slightly around 1.085–1.087, indicating a potential consolidation phase. No clear divergence was observed in the last 24 hours, which suggests that price and volume remain aligned.

Backtest Hypothesis

Given the recent price behavior and the overbought RSI readings, a potential backtest strategy could focus on long entries near key support levels with an RSI-based exit rule. A 14-period RSI overbought threshold of 70 appears reasonable, given the recent retests. For exits, using a sell signal when price touches the most recent swing-low pivot offers a clear mechanical rule. Daily candles using the close price should suffice for simplicity and consistency. A backtest from 2022-01-01 to 2025-10-13 could help validate this approach in a broader market context.