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

Summary
• PORTOUSDT consolidated between 1.086–1.11, forming bearish engulfing patterns and a bear trap.
• RSI hovered near 50, indicating balanced momentum with no clear overbought or oversold bias.
• Volatility remained low with Bollinger Bands constricted, suggesting a potential breakout酝酿.
• On-chain volume increased toward the end of the period, but price consolidation limited turnover impact.
• Key support levels appear near 1.089–1.086 and 1.092–1.095, with resistance at 1.101–1.105 and 1.108–1.112.

FC Porto Fan Token/Tether (PORTOUSDT) opened at 1.104 on 2026-01-09 12:00 ET, reached a high of 1.11, and closed at 1.098 as of 2026-01-10 12:00 ET, with a low of 1.084 during the 24-hour period. Total volume was 46,228.81 with turnover of approximately 49,652.84.

Structure & Formations

The price action on PORTOUSDT showed a bearish bias after the high of 1.11, with a bearish engulfing pattern forming at the peak. A potential bear trap was identified as buyers failed to push the price back above 1.105 after earlier attempts. The consolidation between 1.086 and 1.095 suggests a range-bound structure with strong support at 1.089 and resistance near 1.093.

MACD & RSI

The 12-period MACD remained neutral, with no strong divergence or convergence in the 24-hour window. RSI oscillated between 40 and 60, indicating balanced momentum without significant overbought or oversold conditions. This suggests a potential continuation of the range-bound behavior unless a clear breakout forms.

Bollinger Bands

Bollinger Bands were relatively constricted, signaling low volatility and a possible breakout酝酿. Price remained within the bands for most of the period, with no clear breakouts observed. The narrow range suggests traders may be waiting for a catalyst to shift sentiment.

Volume & Turnover

Volume was generally low in the early hours but increased steadily toward the end of the 24-hour period, with a peak volume of 3,999.31 in the last few hours. Notional turnover rose in sync with the increased volume, particularly in the 15:15–15:45 ET window, but price remained range-bound, indicating the additional liquidity was not enough to push the price beyond key levels.

Fibonacci Retracements

Key Fibonacci retracement levels on the 5-minute chart indicated 38.2% at 1.099, 50% at 1.096, and 61.8% at 1.093. These levels aligned with observed consolidation zones, suggesting traders may be watching these levels for potential reversals or continuation.

Going forward, a break above 1.095 could test the 1.101–1.105 resistance zone, while a break below 1.089 may lead to a retest of 1.086. Traders should be cautious of the tight range and potential false breakouts in the next 24 hours.