CITY Token Slides 4.79% as Trading Volume Surges, Resistance Fails Amid Sports-Fueled Volatility

CITYUSDT experienced heightened trading activity linked to major sports events and fan engagement, with a confirmed buy order of 41,630 CITY contributing to increased volume. Despite early rally momentum and an attempt to break resistance at 0.687, the token saw a reversal after failing to sustain gains, forming a bearish engulfing pattern and showing signs of overbought conditions according to the RSI. Weak turnover and contracting Bollinger Bands suggest cautious market sentiment and possible further volatility. The latest Binance data indicates CITYUSDT is priced at 0.636 USDT, down 4.79% over the last 24 hours, with a 24-hour open of 0.668 and volume exceeding 813,000 CITY. The current circulating supply is 12.516 million CITY, and market capitalization ranges between $8.53 million and $8.85 million. The price change is primarily attributed to unsuccessful resistance tests, technical signals indicating potential reversal, and fluctuating trading activity across major exchanges.