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

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• Price action showed a sharp 15-minute decline from 1.65 to 1.623, followed by consolidation near 1.62–1.63.
• Momentum slowed toward the end of the day, with RSI entering oversold territory.
• Volume spiked during the downward move, but turnover did not confirm strong bearish conviction.
• Key support levels emerged around 1.615–1.618, with resistance likely at 1.63–1.64 in the short term.

The Paris Saint-Germain Fan Token/Tether USDt (PSGUSDT) opened at 1.652 on 2025-09-10 12:00 ET and dropped to a low of 1.615, rebounding to close at 1.62 at 12:00 ET on 2025-09-11. The total 24-hour volume was 115,612.49, with a notional turnover of $186,752. The price moved within a tight range during much of the session, with a sharp downward leg at the start of the session.

Structure & Formations

Price initially formed a bearish engulfing pattern around 1.65–1.642, followed by a strong decline. The most significant support appeared to be at 1.615–1.618, which held for a time after the drop. A small bullish reversal could be observed as price found a floor in that range. However, a series of bearish harami patterns followed, signaling possible exhaustion. Resistance levels are likely at 1.63–1.64, where the price stalled several times during the session.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA) dipped below the 50-period SMA, indicating bearish momentum. The daily chart showed the 50 SMA at 1.638 and 100 SMA at 1.646, with the 200 SMA at 1.645. Price closed below all three, suggesting short-term bearish pressure.

MACD & RSI

MACD remained negative throughout the session, with the line dipping below the signal line during the sharp drop, confirming bearish momentum. The RSI dropped below 30 in the final hours, entering oversold territory, which may indicate short-term potential for a rebound.

Bollinger Bands

Volatility expanded during the decline, pushing the lower band below 1.615. Price spent a significant portion of the session within the Bollinger Bands, with no clear breakout observed. The upper band hovered around 1.645–1.646, acting as a dynamic resistance level.

Volume & Turnover

Volume surged during the initial decline and remained elevated through the afternoon, but turnover failed to confirm the strength of the move. A divergence appeared in the late hours, with volume dropping while price remained near 1.62–1.63, suggesting a possible end to the downward leg.

Fibonacci Retracements

On the 15-minute chart, the drop from 1.652 to 1.615 placed key retracement levels at 1.63 (38.2%) and 1.637 (61.8%). Price tested the 61.8% level several times but failed to break through. On the daily chart, the 61.8% retracement of the larger move from 1.65–1.623 is at 1.639, which may act as a near-term ceiling.

Backtest Hypothesis

The observed short-term bearish divergence and oversold RSI suggest a potential for a reversal near 1.62. A possible backtest strategy would involve entering a long position at a 1.62–1.63 target, with a stop loss placed just below 1.615. The 1.637 and 1.64 levels could serve as profit targets for a medium-term bullish setup. Given the current structure, a mean-reversion approach using Fibonacci retracements and RSI divergence could be effective. A trailing stop might be applied as price retests key resistance levels.