Market Overview for Manchester City Fan Token/Tether (CITYUSDT)

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• CITYUSDT opened at 0.995 and closed at 1.016, gaining 2.11% with a high of 1.046 and a low of 0.978.
• Momentum surged in the final 90 minutes, with a 1.046 high on strong volume of 270,008.36.
• Volatility expanded significantly, with Bollinger Bands widening after a consolidation period.
• RSI moved into overbought territory following a sharp rally, suggesting potential pullback risk.
• A bullish engulfing pattern formed at 1.016, potentially signaling short-term buying interest.

24-Hour Price Action and Volume Profile

CITYUSDT opened at 0.995 on 2025-10-03 at 12:00 ET and closed at 1.016 on 2025-10-04 at 12:00 ET, with a daily high of 1.046 and a low of 0.978. The total volume for the 24-hour window was 446,367.78, with a notional turnover of approximately $448,544. Price action showed a volatile session, with a consolidation phase giving way to a late-day breakout driven by strong buying interest.

Structure and Key Levels

The price found key support at 0.986 and 0.991, with the 0.995–1.000 range acting as a critical pivot area. A large bullish engulfing pattern emerged near 1.016, suggesting short-term buyers regained control. A doji near 1.021 indicated indecision and potential near-term profit-taking. Resistance levels appear at 1.024 and 1.046, which may be tested in the coming 24 hours.

Moving Averages and Momentum

On the 15-minute chart, the 20 and 50 EMA crossed in a bullish configuration, while on the daily timeframe, the 50 EMA has been trending upward, suggesting the trend has maintained strength. MACD crossed above zero during the final 2 hours, with positive divergence in volume. RSI reached 68–69 in the final session, indicating overbought conditions and increasing the likelihood of a consolidation phase.

Volatility and Fibonacci Retracements

Bollinger Bands widened significantly following the breakout, indicating heightened volatility. The price closed near the 61.8% Fibonacci retracement level of the recent 0.978–1.046 move, suggesting a potential pause or retest of this level. The 38.2% retracement at 1.028 could also offer resistance.

Backtest Hypothesis

A potential backtest strategy could involve using the 15-minute EMA crossover (20/50) in conjunction with RSI levels above 50 to identify bullish entries. Given the recent surge and overbought RSI, a short-term exit rule could be placed at the 61.8% Fibonacci retest or a bearish engulfing pattern forming near 1.021–1.024. This setup could be tested over a 10-day window to assess its profitability in high-volatility conditions.