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Summary
• PORTOUSDT formed a bullish engulfing pattern near $1.111, signaling possible upward continuation.
• Price tested the 20-period MA on the 5-minute chart, remaining above it for much of the session.
• RSI moved into overbought territory, indicating potential short-term profit-taking.
• Volatility expanded through Bollinger Bands as price reached a 24-hour high of $1.133.
• Volume surged after 00:45 ET as price advanced to $1.13, confirming bullish momentum.
At 12:00 ET–1, FC Porto Fan Token/Tether (PORTOUSDT) opened at $1.094, reached a high of $1.133, dipped to a low of $1.093, and closed at $1.12. The pair traded with a 24-hour volume of 132,612.1 and a notional turnover of $147,467.8.

The market appears to be in a consolidation phase following a strong upward move, with bullish momentum intact. A test of the $1.133 high could confirm a new near-term high, but traders should be cautious about overbought levels and potential pullbacks.
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