$PORTO / USDT – Analysis

PORTO experienced a sharp sell-off, dropping aggressively from the 1.05 area to around 0.95, which indicates strong stop-loss hunting or panic selling. After hitting this low, price showed a clear reaction and bounce, forming higher lows on the lower timeframe.

Currently, PORTO is in a short-term recovery phase, but still below major resistance. The zone between 0.99–1.01 is critical; rejection here would confirm the move as a dead-cat bounce. A sustained move above 1.01 could open room for a deeper recovery toward 1.04–1.06.

Market sentiment: Recovering but still weak.