Market Overview for FC Porto Fan Token/Tether (PORTOUSDT) – October 4, 2025

• PORTOUSDT traded in a 24-hour range of 1.074–1.144, closing near the upper end at 1.131 after a sharp late rally.

• Momentum surged in the final hours, with RSI reaching overbought levels, suggesting potential pullback.

• Volatility expanded significantly in the last 6 hours, pushing price beyond upper Bollinger Bands.

• Key support levels at 1.103 and 1.084 were tested and held; resistance at 1.114 and 1.140 was breached.

• A bullish engulfing pattern emerged at 1.131, confirming a short-term reversal from prior bearish pressure.

The FC Porto Fan Token/Tether (PORTOUSDT) opened at 1.105 on October 3, 2025 (12:00 ET – 1) and closed at 1.131 by 12:00 ET on October 4. The 24-hour high was 1.144, and the low was 1.074. Total volume was 98,352.31, with a notional turnover of approximately $109,314.76. The price action reflected heightened volatility, especially in the final hours, with a sharp bullish reversal in the last candle.

Structure & Formations

Over the 24-hour period, the price of PORTOUSDT exhibited a clear bullish reversal in the final hours, especially with a large bullish engulfing pattern forming around the 16:00 candle on October 4. This pattern suggests a short-term shift in sentiment from bearish to bullish. Key support levels were identified at 1.103 and 1.084, both of which were tested and held during the early part of the session. Resistance levels at 1.114 and 1.140 were also evident, with the latter being breached in the final candle.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed over multiple times, indicating choppy momentum early in the session before aligning to the upside. The 50-period line crossed above the 20-period, forming a golden cross, reinforcing the bullish momentum. On the daily chart, the 50-period moving average crossed above the 200-period line, suggesting a potential long-term bullish bias, though the 100-period line remains slightly below current price action.

MACD & RSI

The MACD showed a bullish divergence in the last 4 hours, with the histogram expanding to the upside while the RSI reached overbought territory (76). This indicates strong buying pressure but also signals a possible near-term correction. The RSI appears to be overextending, with a risk of consolidation or a pullback toward the 61.8% Fibonacci level at 1.108 in the short term.

Bollinger Bands

Bollinger Band volatility expanded sharply in the final 6 hours of the session, with price breaking above the upper band multiple times. This indicates heightened buying pressure and a significant shift in momentum. However, such overexpansion often precedes a consolidation phase, so a retest of the lower band or a move back into the channel could be expected.

Volume & Turnover

Volume surged significantly in the final hours, with the last candle showing a volume of 59,133.01 and a notional turnover of $66,963.01, confirming the bullish reversal. There was a notable divergence earlier in the session when volume was low but price was in a downtrend, suggesting weak conviction. The late-session volume spike aligns with the price action, reinforcing the likelihood of a short-term bullish continuation.

Fibonacci Retracements

The most recent 15-minute swing from 1.083 to 1.144 aligns with Fibonacci levels at 1.108 (61.8%) and 1.123 (38.2%). The 61.8% level at 1.108 appears to be a key support zone, having held multiple times during the session. On the daily chart, the 50% Fibonacci level sits at 1.117 and has been a point of contention multiple times. A break above 1.144 could bring the 78.6% retracement at 1.158 into focus.

Backtest Hypothesis

Given the recent bullish engulfing pattern and the confirmation from volume and momentum indicators, a potential backtest strategy could involve a long entry at the open of the candle following the reversal pattern, with a stop-loss placed below the 1.108 support level and a target at the 1.140 resistance. This approach would capitalize on the confirmed shift in momentum while managing risk with a defined exit strategy. The MACD and RSI signals align with this hypothesis, reinforcing the case for a short-term bullish trade.