FUNToken/Tether (FUNUSDT) Market Overview for 2025-11-08

Summary
• Price surged to 0.002553 before retracting to close near 0.002192.
• 15-minute volatility spiked during the 20:45–21:00 ET window.
• Volume increased significantly in the early hours of 11/08, suggesting renewed interest.

FUNToken/Tether (FUNUSDT) opened at 0.002099 on 2025-11-07 at 12:00 ET and closed at 0.002192 on 2025-11-08 at the same time. The 24-hour period saw a high of 0.002553 and a low of 0.002091. The total traded volume was 595,742,455 FUN, with a notional turnover of approximately $1,285,618. The price action suggests a volatile but bearish bias in the final 6–8 hours of the window.

Structure & Formations

The 24-hour price action displayed a clear bearish reversal pattern in the late hours, with a long upper shadow and a short lower shadow between 02:45 and 04:15 ET. A bearish engulfing pattern formed at the 02:30–03:00 ET window, confirming a potential short-term top. Support levels appear at 0.002225 and 0.002192, while resistance was tested at 0.002289 and 0.002315. A bullish engulfing pattern earlier at 18:30–19:00 ET was quickly invalidated by a large bearish candle.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period line in the early morning hours, signaling a bearish crossover. On the daily chart, the 50-period and 100-period moving averages have diverged, with price closing below both lines, suggesting bearish momentum may continue.

MACD & RSI

The MACD histogram showed a large bearish divergence in the 20:00–04:00 ET period, with the signal line crossing below the MACD line. The RSI reached overbought territory at 0.002553 but quickly fell into neutral to oversold conditions by 03:00 ET. The RSI’s failure to hold above 50 indicates weakening momentum.

Bollinger Bands

Price touched the upper Bollinger Band at 0.002553 and the lower band at 0.002192, indicating strong volatility. The bands had previously narrowed during the 17:00–18:00 ET period, a common precursor to a breakout that was later confirmed as bearish.

Volume & Turnover

Volume surged during the 20:45–21:15 ET and 02:30–04:15 ET windows, indicating increased participation by both bulls and bears. Notional turnover spiked in the same periods, aligning with price action and confirming sentiment shifts.

Fibonacci Retracements

Applying Fibonacci levels to the 17:00–20:45 ET rally, the 0.00232–0.00234 level acted as a key resistance. The 38.2% retrace level fell near 0.002285, where price stalled multiple times before the final decline. The 61.8% level at 0.002213 was broken during the early morning sell-off.

Backtest Hypothesis

A proposed backtest would analyze RSI overbought conditions (RSI > 70) to determine the likelihood of price reversals. While we were unable to retrieve the RSI data for this specific symbol due to a data-availability issue, the framework would proceed by identifying all RSI > 70 events over a 14-day period and testing the average price behavior following each event. This approach aims to uncover potential sell signals and inform risk management strategies in future trading.