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

• PORTOUSDT opened at 1.046 and closed at 1.033 on 2025-09-11, with a high of 1.062 and a low of 1.030.
• Price displayed a bearish bias, forming a series of lower highs and lower lows after an initial bullish breakout in the early hours.
• RSI approached oversold territory, while MACD turned negative, indicating weakening momentum.
• Bollinger Band contraction observed mid-day before a sharp expansion as price dropped.
• Volume spiked during key turning points, especially during the afternoon sell-off, confirming bearish sentiment.

Market Summary

FC Porto Fan Token/Tether USDt (PORTOUSDT) opened at 1.046 on 2025-09-10 at 16:00 ET and closed at 1.033 by 12:00 ET on 2025-09-11, with a high of 1.062 and a low of 1.030 during the 24-hour period. Total volume amounted to 204,902.19, while total turnover reached $204,902.19. The pair exhibited a bearish trend after an early morning rally, with increased volatility and volume confirming the downward shift in sentiment.

Structure & Formations

The 24-hour price action revealed a bearish exhaustion pattern as the asset broke key resistance levels in the morning only to consolidate and eventually retrace. A notable bearish engulfing pattern emerged around 09:00–10:00 ET as buyers were met with strong selling pressure. A doji formed near the 1.043 level around 22:45 ET, hinting at indecision and potential support. Key resistance levels identified include 1.046, 1.052, and 1.062, while 1.038, 1.034, and 1.030 have emerged as strong support levels.

Technical Indicators

The 20-period and 50-period moving averages on the 15-minute chart crossed bearishly during the afternoon, confirming the reversal in momentum. On the daily chart, the 50-period MA crossed below the 100-period MA, a bearish signal. The MACD turned negative after the morning high, with a bearish divergence noted in the afternoon. The RSI approached oversold territory (near 30) by the end of the session, signaling potential for a short-term bounce. Bollinger Bands contracted in the mid-day before a sharp expansion as the price dropped toward the 1.030 level, suggesting increased volatility and uncertainty.

Volume and Turnover Analysis

Volume increased significantly during key turning points, particularly in the early morning as price rallied and again in the afternoon as the bearish trend consolidated. The largest single-candle turnover spike occurred at 09:00–09:15 ET, with $9584.5 in turnover. Price and volume moved in alignment during the sell-off, confirming bearish conviction. A divergence appeared near the 1.036 level, where price declined but volume remained moderate, suggesting reduced selling pressure and potential for a rebound.

Fibonacci Retracements

Using the recent swing high (1.062) and swing low (1.030), key Fibonacci levels were identified. The 38.2% retracement is at 1.046, and the 61.8% is at 1.039. Price found resistance near 1.046 and has since consolidated closer to 1.039, suggesting it may test this level in the near term. If the bearish trend continues, the 50% retracement at 1.046 could be retested as a possible support-turned-resistance zone.

Backtest Hypothesis

A potential backtest strategy involves using a combination of the 50-period moving average and the RSI for entry and exit signals. A long entry could be triggered when the price crosses above the 50-period MA and the RSI exits oversold territory, while a short entry may be considered when the price crosses below the MA and the RSI enters overbought or shows bearish divergence. The MACD and Bollinger Band width can serve as confirmatory signals. Given the recent bearish setup, a short strategy with stop-loss near 1.046 and target near 1.028 could be tested, particularly in a low-volatility environment where price is likely to test key support levels.