Their weakness in UCL puts them at great risk. The defeat to PSG leaves City outside the play-off zone, statistically, their chances of staying in the UCL are still there, although slim and very dependent on luck in the final game. City, who are currently in 25th place must win against Club Brugge in their final game and hope Stuttgart or the team above them do not win.
Regarding the chances of finishing in the top four of the EPL, I still believe in their abilities.
Manchester City still has the ability to take one of the places in the top four of the EPL, but we must not forget the other three teams whose points are very close to Manchester City's points and that can also be a challenge and pressure for the City team this season. While in the Champions League City's ability must really be able to increase in order to win and they can have a chance to qualify for the next round although the playoff match must also be better because that is the decisive match to enter the last 16 of the Champions League.