Market Overview for Paris Saint-Germain Fan Token/Tether (PSGUSDT)

• PSGUSDT fell 10.5% in 24 hours, closing near the session low at 1.094
• Price tested key support levels at 1.100 and 1.093, with failed rebounds
• Volume and turnover spiked during the selloff, indicating strong bearish conviction
• MACD turned negative, and RSI entered oversold territory below 30
• Bollinger Bands showed moderate expansion, with price near the lower band

Paris Saint-Germain Fan Token/Tether (PSGUSDT) opened at 1.147 at 12:00 ET – 1 and fell to a low of 1.048 before closing at 1.094 by 12:00 ET. The price reached an intraday high of 1.149 and low of 1.048. Total volume for the period was 463,914.67, with notional turnover at $505,016.10.

Structure & Formations

Price action on PSGUSDT displayed a sharp bearish breakdown from the mid-1.14s to the 1.093–1.094 range, with multiple rejection attempts from key support levels. A notable bearish engulfing pattern emerged near 1.120 on the 15-minute chart, followed by a long lower shadow at 1.132. A doji near 1.093 suggests indecision amid the selloff, possibly signaling a near-term pause in the downward move. A strong support appears to be forming around the 1.090–1.093 range, with a break below this level likely to trigger further selling pressure.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart show a steep bearish crossover, reinforcing the short-term downtrend. On the daily chart, the 50- and 200-period moving averages are also in a bearish alignment, with the 100-day MA at 1.145 acting as a potential resistance. Price is trading well below these averages, indicating a bearish bias in the near to medium term. A retest of the 50-day MA could trigger a countertrend bounce if bulls regain control.

MACD & RSI

The MACD histogram has turned deeply negative, with the line crossing below the signal line during the selloff. This confirms the bearish momentum. The RSI indicator has entered oversold territory (<30) and is flashing a potential short-term rebound signal. However, as long as the MACD remains bearish and price fails to close above key support, the oversold RSI reading should be viewed with caution rather than as a buy signal.

Bollinger Bands

Bollinger Bands have expanded significantly as the pair dropped from 1.149 to 1.048. Price is currently trading near the lower band, suggesting exhaustion in the current bearish move. A close above the middle band could indicate a reversal in sentiment, but given the strong bearish momentum, this would likely require strong volume and price confirmation.

Volume & Turnover

Volume and turnover surged during the 15-hour selloff between 02:00 and 17:00 ET, particularly between 15:00 and 16:00 ET, when the pair dropped from 1.109 to 1.054. This divergence in volume and price movement—where turnover spikes while price declines—suggests strong bearish conviction and a higher probability of continuation in the near term. However, the latest 3–4 hours have shown lower volume despite price stabilization near 1.093–1.094, hinting at a possible short-term consolidation phase.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 1.149 to 1.048 swing, key levels are at 1.106 (38.2%), 1.099 (50%), and 1.091 (61.8%). The 61.8% level coincides with the current price range, suggesting a possible temporary floor. A break below 1.091 could send the price toward the 1.077–1.081 range, where earlier support was tested. A reversal above 1.099–1.106 could trigger a retracement move, although the overall bearish trend remains intact unless strong bullish volume follows.

Backtest Hypothesis

Given the observed bearish momentum and oversold RSI reading, a potential backtesting hypothesis could focus on a “MACD bottom divergence confirmation” strategy. Historically, such divergences—where price makes new lows but MACD does not—can indicate a potential reversal. If a MACD bottom divergence can be confirmed on PSGUSDT, a long entry near the 1.091–1.093 support range with a stop below 1.089 could be considered. However, due to the current bearish alignment of all major indicators, any buy signal would need strong volume and price confirmation to be reliable.