FTTUSDT Market Overview for 2025-09-15

• Price declined sharply from 0.815 to 0.785 on heavy volume, indicating bearish momentum.
• RSI and MACD signaled oversold conditions near the 24-hour low, but price failed to rebound strongly.
• Volatility expanded during a major breakdown from 0.815 to 0.7906, with key support now at 0.785–0.790.
• Bollinger Bands narrowed before the breakdown, suggesting a potential reversal failed to materialize.
• Fibonacci retracement levels at 0.802 and 0.815 could be critical for near-term direction.

FTX Token/Tether (FTTUSDT) opened at 0.8158 on 2025-09-14 at 12:00 ET and closed at 0.7852 on 2025-09-15 at 12:00 ET. The pair traded as high as 0.8189 and as low as 0.7800, with total volume of 612,610.57 and notional turnover of $481,175.35 over the past 24 hours.

Structure & Formations

The 15-minute chart shows a clear bearish breakdown from 0.815 to 0.7906, with several key support levels now in focus, including 0.790, 0.785, and 0.780. A large bearish engulfing pattern formed at the peak near 0.815–0.8169, followed by a long bearish candle at 0.7906–0.7852. A doji formed near 0.8122–0.8121, signaling indecision after the breakout. The recent swing low at 0.7800 is now a critical level for near-term stability.

Key Resistance and Support Levels

Resistance is likely to appear at 0.790, 0.795, and 0.800, while support is expected at 0.785, 0.780, and 0.775. A break below 0.785 would likely target 0.775–0.770 on a continuation of the bearish trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are bearish, with the 50-period below the 20-period and both trending downward. On the daily chart, the 50-, 100-, and 200-period MAs are in a downward alignment, indicating a strong bearish trend in the broader timeframe. The price is well below all three key averages, reinforcing a long-term bearish outlook.

MACD & RSI

The MACD shows bearish momentum with a declining histogram and a bearish crossover. The RSI hit oversold territory near 0.7852 but failed to trigger a meaningful rebound, suggesting exhaustion in the short-term bounce. A move above 50 on RSI would be a positive sign for a reversal, but a sustained close above 0.790 would be necessary to confirm a shift in sentiment.

Bollinger Bands

Bollinger Bands showed a contraction before the breakdown, which was followed by a sharp expansion as price moved from 0.8169 to 0.7906. Currently, the price is trading near the lower band at 0.7852, signaling a potential continuation of the bearish move. A break below the lower band could trigger further volatility to the downside.

Volume & Turnover

Volume surged during the breakdown from 0.815 to 0.7906, confirming the bearish momentum. Notional turnover spiked to over $75,000 in the candle closing at 0.7906, indicating strong participation during the selloff. Volume has since decreased, but the lack of buying interest above 0.790 suggests a potential continuation of the bearish bias.

Fibonacci Retracements

On the 15-minute chart, the key Fibonacci levels are at 0.802 (38.2%), 0.795 (50%), and 0.788 (61.8%) from the recent high at 0.8169. The daily chart shows a larger move from 0.824 to 0.7852, with key levels at 0.8045 (38.2%), 0.7947 (50%), and 0.7849 (61.8%). A bounce from 0.785 could test 0.790 and 0.795 levels for possible reversal.

Backtest Hypothesis

A potential backtest strategy could focus on shorting FTTUSDT on the breakdown of the 0.790 level with a stop-loss above 0.795 and a target at 0.780. This approach would aim to capture the continuation of the bearish momentum seen in the 15-minute and daily charts. Given the strong bearish divergence in MACD and RSI, as well as the volume confirmation, the strategy may perform well in a low-volatility, bearish environment. However, the presence of the Fibonacci level at 0.785 as a potential support zone suggests caution is warranted in case of a pullback.