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

• Price surged to 0.817 before retreating to 0.808, indicating mixed buyer/seller pressure in the past 24 hours.
• Volume spiked during the Asian session, with high liquidity around the 0.805–0.810 range.
• RSI near 50 suggests neutral momentum, with no clear overbought or oversold signals.
• Bollinger Bands show moderate volatility, with price hovering near the midline, reflecting a consolidation phase.
• MACD remains flat, with no clear golden/death cross to signal a turning point in trend.

At 12:00 ET–1 on 2025-10-13, the price of Manchester City Fan Token/Tether opened at 0.791 and closed at 0.808, reaching a high of 0.817 and a low of 0.788. Total trading volume for the 24-hour period was approximately 913,552.87 (USDT equivalent), with total turnover reaching around 739,223.45 USDT. The token remains in a tight consolidation phase, with buyers and sellers showing equal strength.

Structure and formations indicate multiple key support and resistance levels. A strong support appears at 0.793–0.795, reinforced by several candlestick closes near that area. Resistance is forming at 0.810–0.815, where price has stalled multiple times. A bullish engulfing pattern was observed early in the session, followed by a doji near 0.805, suggesting indecision and potential reversal. The 20-period and 50-period moving averages are in close alignment, with price hovering around 0.804–0.806. On the daily chart, 50-period and 200-period lines remain in a bearish crossover, indicating a longer-term bearish bias.

MACD remains near the zero line, with a slow histogram and no clear signal of a golden or death cross in the short term. RSI fluctuates between 45 and 55, indicating neutral momentum with no strong overbought or oversold signals. Bollinger Bands show moderate volatility, with the price currently resting near the midline, suggesting no significant breakout is imminent. A contraction in volatility was noted in the early part of the session, but expansion has returned, aligning with the consolidation phase.

Volume and turnover show distinct spikes during the Asian and European hours, particularly between 22:00–23:45 ET. A divergence between price and volume was observed as price rose above 0.810 while volume dipped slightly, suggesting caution. Fibonacci retracement levels from the recent swing high at 0.817 and low at 0.793 place the 38.2% level at 0.805 and the 61.8% level at 0.800. These levels align with current key support and resistance zones, reinforcing their relevance.

Backtest Hypothesis
Given the flat MACD and neutral RSI readings, a backtesting strategy based on MACD golden-cross signals could provide insight into potential entry and exit points. If historical CITYUSDT data becomes available, we can run a 5-day holding strategy using MACD line crossing above the signal line as a buy signal and vice versa as a sell signal. The results could include cumulative returns, win/loss ratios, and drawdown analysis since 2022. To proceed, we need either confirmation that “CITYUSDT” is the correct ticker on a major exchange or an uploaded price file for accurate backtesting.