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

Summary
• PORTOUSDT formed a bullish engulfing pattern near $1.040 after a sharp decline from $1.094 to $1.026.
• Momentum improved in late hours, with RSI rebounding from oversold levels and closing above 50.
• Volatility spiked sharply during the 08:30–10:45 ET rally, with Bollinger Bands widening significantly.
• Volume surged near highs, confirming a potential short-term reversal, though divergence remains a risk.

24-Hour Snapshot

FC Porto Fan Token/Tether (PORTOUSDT) opened at $1.040 on 2025-12-20 at 12:00 ET, reached a high of $1.094, a low of $1.007, and closed at $1.083 by 12:00 ET on 2025-12-21. Total volume for the 24-hour period was 112,654.77, with a notional turnover of $119,960.

Structure & Momentum

A strong reversal emerged late in the session, with a bullish engulfing pattern forming around the $1.040 level. The move was confirmed by increasing volume and an RSI rebound from oversold territory. Price retested the $1.034–$1.038 support range multiple times, suggesting a potential base is forming. MACD showed a positive crossover after the 08:30 ET rally, indicating improving bullish momentum.

Volatility & Volume Dynamics

Bollinger Bands expanded sharply during the 08:30–10:45 ET rally, reflecting increased volatility as PORTOUSDT surged from $1.062 to $1.094. Volume spiked during this rally, with 7783.62 units traded in one 5-minute candle, indicating strong participation. Notional turnover also surged during the break above key resistance near $1.075–$1.080, offering confirmation of the move.

Key Levels and Fibonacci Retracements

The $1.034–$1.038 range acted as a critical support zone, with price bouncing off it multiple times. A 61.8% Fibonacci retracement level from the $1.094 high to the $1.007 low sits at $1.066, which was briefly breached but held as support in the early morning. A break above $1.088 may test the next 38.2% retracement at $1.097.

The next 24 hours may see PORTOUSDT consolidate near the $1.083–$1.088 range before testing key resistance. Traders should watch for confirmation of a bullish breakout or a potential pullback to retest the $1.064–$1.072 level. As always, position sizing should reflect the inherent volatility of fan tokens.