The Manchester City Fan Token ($CITY) has suffered a steep pullback, stalling its long-anticipated push toward the $1 mark. At the time of writing, $CITY is priced at $0.9412, reflecting a 11.09% decline over the past 24 hours and a 13.41% loss over the past week. The downturn has placed pressure on bullish traders, casting doubt on short-term price recovery prospects.

Trading volume climbs despite price dip

While the token’s price action has trended downward, market activity around $CITY has actually intensified. Data shows that trading volume surged by 60.20% in the past 24 hours, reaching $3.97 million. This spike suggests that although sellers dominate the market, there’s growing interest from traders — potentially those betting on a short-term rebound or positioning for further downside.

Despite the recent price correction, $CITY maintains a circulating supply of 8.3 million tokens and a market capitalization of just under $7.86 million, which still gives the asset a modest standing among fan tokens.

The price shows a consistent downward trend that began from around $1.06, gradually slipping to current levels near $0.94. Although there were minor relief rallies within the timeframe, they failed to hold, pointing to overall market weakness and lack of strong buyer support. A particularly sharp dip occurred around the 07:00 mark before a small bounce attempted to reclaim lost ground — albeit without real strength.

With sentiment still largely bearish, and $CITY showing no strong technical support above $0.90, the path to $1 now seems increasingly out of reach unless market conditions shift dramatically or new catalysts emerge.

Since their introduction by Chiliz, Fan Tokens have become the leading digital assets in the sports world. With over 2 million wallets, Fan Tokens are the go-to tokens for fans everywhere.

More than 70 teams have launched Fan Tokens, such as Manchester City ($CITY), FC Barcelona ($BAR), and Paris Saint-Germain ($PSG). This way, they have new ways to engage with their supporters through Socios.com.

Fan Tokens can be traded on Kayen, a Fan Tokens-focused exchange, and they are listed on several exchanges. Binance has joined the movement by creating Fan Tokens for major teams such as Lazio and Santos.