Paris Saint-Germain Fan Token Market Overview (2025-10-31)

• Price declined from 1.117 to 1.101 amid bearish momentum before rebounding
• RSI and MACD showed oversold conditions and potential short-term recovery
• Volume surged at key support levels suggesting accumulation
• Bollinger Bands constricted pre-breakout, followed by a sharp move lower
• No major bullish patterns emerged but short-covering potential noted

24-Hour Price Movement and Volume

Paris Saint-Germain Fan Token/Tether (PSGUSDT) opened at 1.117 at 12:00 ET–1 and traded between 1.096 and 1.117 over the next 24 hours, closing at 1.127 at 12:00 ET. The token experienced a sharp selloff to 1.101, followed by a recovery and consolidation in the final hours. Total volume across 96 15-minute candles was 299,445.74 units, with a total turnover of $335,868.95. The selloff in the late afternoon (1745–1845) saw the largest volume spike, with a 2.3% drop in price.

Structure & Formations

Price action over the 24-hour window revealed a bearish bias, particularly in the midday-to-evening session when PSGUSDT fell into a range between 1.101 and 1.109. Key support levels were identified at 1.101 and 1.109, both of which held during the selloff. A potential bearish reversal pattern emerged at 1.101 as sellers regained control post-breakdown. Toward the end of the day, a small bullish reversal was noted with a 15-minute candle closing at 1.127 after a 0.7% increase from 1.117. The lack of strong bullish continuation suggested caution for further upside.

Moving Averages and MACD / RSI

On the 15-minute chart, the 20-period and 50-period moving averages were bearishly aligned, confirming the downward trend. The MACD crossed below the signal line in the early afternoon, amplifying bearish momentum. RSI hit oversold territory (below 30) around 1.101, suggesting a potential short-term bounce. The 50-period MA acted as dynamic resistance in the early evening, limiting further gains. On the daily chart, the 50-period MA held above the 100-period MA, indicating a broader bearish trend.

Bollinger Bands and Fibonacci Retracements

Bollinger Bands constricted between 1.109 and 1.114 before a sharp move lower, signaling a potential breakout. The price closed just above the lower band at 1.101 in the afternoon before a rebound. Fibonacci retracements placed key levels at 38.2% (1.106) and 61.8% (1.110), both of which were briefly tested during the rebound. The price appears to have found support at the 61.8% retracement level, with potential for a continuation of the consolidation.

Volume and Turnover Analysis

Volume spiked during the 1745–1845 window as price dropped from 1.109 to 1.101, reaching a peak of 14,898.36 units. Despite the sharp decline, turnover remained relatively in line with the overall trend, suggesting a bearish distribution rather than panic selling. In the final hours, volume increased again as the price bounced above 1.12, indicating renewed buyer interest. Divergence between volume and price was minimal, suggesting that the current price movement was backed by real liquidity rather than artificial momentum.

Backtest Hypothesis

To test a potential trading strategy for PSGUSDT, a backtesting framework can be applied using specific criteria. First, the exact ticker must be confirmed (e.g., PSGUSDT). Second, the exit strategy needs to be defined—commonly, this could involve exiting long positions when price closes above the most recent 20-period swing high. With this information, a backtest from 2022-01-03 to 2025-10-31 can be run using close prices and standard indicators. This will allow for performance analysis and visualisation, providing a clearer picture of potential returns and risk under historical conditions.