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

• Price opened at $1.611 and closed at $1.604 after a choppy 24-hour session.
• Momentum waned in the latter half of the day with RSI signaling oversold conditions.
• Volatility remained low, with Bollinger Bands showing no significant expansion.
• Turnover peaked in the 04:15–04:30 ET window but failed to confirm a breakout attempt.
• A bearish engulfing pattern formed during the early morning, indicating possible bearish sentiment.

Paris Saint-Germain Fan Token/Tether (PSGUSDT) opened at $1.611 on 2025-09-15 12:00 ET and closed at $1.604 by 2025-09-16 12:00 ET. The price reached a high of $1.624 and a low of $1.593 within the 24-hour window. Total volume was 213,824.12 and total turnover was $340,857.87. The session was characterized by moderate volatility and mixed price action.

Structure & Formations

Key support levels are currently forming at $1.600 and $1.595, with resistance appearing at $1.613 and $1.624. A bearish engulfing pattern formed at 04:15 ET, suggesting a potential reversal in bullish momentum. A bullish harami pattern briefly appeared at 05:15 ET, but failed to hold. A doji candle at 04:00 ET and another at 09:45 ET indicate indecision in the market.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart suggest a slightly bearish bias with price testing the 50-period MA multiple times. The 50-period MA is at $1.606, while the 20-period MA is at $1.608. On the daily chart, the 50, 100, and 200-period MAs are aligned near $1.605–$1.606, reinforcing the idea of consolidation.

MACD & RSI

The MACD line has been below the signal line for much of the session, indicating a bearish bias, although it has shown some divergence in the past 4 hours. The RSI dipped into oversold territory below 30 for a period and has since started to recover. It currently sits at 42, suggesting the market may be finding a short-term bottom.

Bollinger Bands

Bollinger Bands remained relatively narrow for most of the 24-hour period, with price staying near the mid-band. A brief expansion occurred during the 07:00–08:30 ET window. Price has shown a tendency to stay between the mid-band and lower band, which suggests continued caution among traders.

Volume & Turnover

The largest volume spike occurred at 04:15 ET with 6,200.57 in volume and $9,780.87 in turnover, but this did not result in a sustained move higher. The most recent 3-hour volume spike (07:00–09:30 ET) pushed price up to $1.624, but volume failed to confirm the strength of the move. Overall, volume has been relatively low with no clear trend.

Fibonacci Retracements

Fibonacci retracements applied to the most recent 15-minute swing (from $1.593 to $1.624) show key levels at 38.2% at $1.610 and 61.8% at $1.603. Price has bounced off the 61.8% level multiple times, suggesting it could be a key support zone. On the daily chart, the 61.8% retracement of the previous month’s move aligns with the current consolidation zone.

Backtest Hypothesis

Given the current consolidation and the appearance of key Fibonacci and Bollinger levels, a potential backtesting strategy could focus on breakouts from the 1.600–1.613 range with stop-losses placed just outside these levels. The RSI’s frequent dips into oversold territory suggest short-term reversals may be exploitable. A test of this strategy could involve entering longs at 1.602 with a target at 1.612 and a stop-loss at 1.595. The MACD divergence also hints at potential bearish exhaustion, making this a viable candidate for backtesting.