Market Overview for Manchester City Fan Token (CITYUSDT)

• Manchester City Fan Token (CITYUSDT) closed near 1.039, down from 1.072 with bearish consolidation.
• Key resistance at 1.072 and support at 1.032 identified, with volume confirming bearish sentiment.
• RSI oversold near 30 and Bollinger Band contraction observed, suggesting potential short-term bounce.
• MACD crossover and bearish divergence seen in the 15-minute chart, signaling momentum shift.
• Volatility expanded after 19:45 ET, with over 57,629 USDT traded in one 15-minute candle.

The Manchester City Fan Token (CITYUSDT) opened at 1.069 on 2025-08-24 at 12:00 ET, reached a high of 1.084, and closed at 1.039 by 12:00 ET on 2025-08-25. Total volume was 806,751.4 USDT, and total turnover was $862,517.31.

Structure & Formations

The 15-minute chart revealed key resistance at 1.072, where the price failed to hold after a sharp intraday high. A significant bearish engulfing pattern formed at 19:45 ET, confirming a shift in momentum. Key support was identified at 1.032 after multiple tests. A doji near 1.043 suggested indecision and possible short-term consolidation ahead.

Moving Averages

The 20-period and 50-period SMAs on the 15-minute chart remained bearish, with the price consistently below both, reinforcing downward pressure. On the daily chart, the 50-period SMA crossed below the 200-period SMA, forming a bearish death cross. The 100-period SMA remains above the current price, offering some potential for a temporary rebound.

MACD & RSI

The MACD line crossed below the signal line during the afternoon and remained in negative territory, signaling bearish momentum. A bearish divergence was noted in the last 30 minutes, where price made a higher low while MACD made a lower one. The RSI dropped to an oversold level around 30 after 05:30 ET, suggesting a potential bounce may be near, but caution is warranted as overbought levels above 70 remain untested.

Bollinger Bands

Volatility expanded after 19:45 ET, with the Bollinger Band width widening significantly. Price closed near the lower band at 1.032, suggesting possible mean reversion. A period of contraction between 03:30 and 06:30 ET indicated potential for a breakout, but the bearish trend has taken hold, with limited room for a sustained rebound.

Volume & Turnover

Volume spiked sharply after 19:45 ET with a single 15-minute candle showing over 57,629 USDT traded, confirming the bearish reversal. Turnover followed the volume closely, with no significant divergence, supporting the validity of the price action. However, volume began to dry up after 08:00 ET, suggesting waning bearish conviction.

Fibonacci Retracements

Fibonacci levels drawn from the 1.084 high to the 1.032 low highlighted key support at 38.2% (1.055) and 61.8% (1.042). The price briefly tested the 61.8% level but failed to hold, confirming the breakdown. Short-term traders may look for a retest of 1.042 as a potential pivot for a bounce.

Over the next 24 hours, CITYUSDT may attempt to retest 1.042 for a bounce but faces strong bearish pressure below 1.032. Investors should remain cautious of further downside and consider volatility as a risk factor if a sharp rebound occurs.