Market Overview for FTX Token/Tether USDt (FTTUSDT) as of 2025-09-11 12:00 ET

• Price dropped from 0.8142 to 0.7983 on 24-hour 15m chart, with late-day bearish momentum.
• RSI and MACD signal oversold conditions, while volume surged during the selloff.
• Bollinger Bands show expansion as volatility rose; key support at 0.796–0.800.
• Volume and turnover aligned during the downtrend, suggesting strong bearish conviction.
• Fibonacci retracement levels suggest potential bounce near 0.792 and 0.784, but risk remains to the downside.

The 24-hour 15m chart for FTTUSDT opened at 0.8076 on 2025-09-10 12:00 ET and closed at 0.7983 on 2025-09-11 12:00 ET, reaching a high of 0.8142 and a low of 0.7905. Total volume was 295,926.11, while total notional turnover reached approximately $232,238. The pair has shown a clear bearish bias, especially during the overnight and morning hours.

Structure & Formations

The price declined from a morning high of 0.8142 on the 15m chart, forming a series of bearish engulfing patterns and a strong bearish divergence in the afternoon. A key support level appears at the 0.796–0.800 range, with a notable bullish rejection forming near 0.7915. A 15m doji near 0.7904 suggests a potential short-term bottom. The 0.806–0.808 area is forming a mid-level resistance that may retest the pair in the near term.

Moving Averages

On the 15m chart, price fell below both 20SMA and 50SMA, confirming the bearish bias. The 20SMA currently sits at ~0.8015, while the 50SMA is at ~0.806. On the daily chart, the 50DMA and 200DMA are converging, with the price trending below both, suggesting continuation of the bearish trend.

MACD & RSI

MACD has shown a bearish crossover with the signal line and is trending lower. The RSI is now in oversold territory at ~28, suggesting a potential bounce. However, a bearish divergence between RSI and price in the last few hours suggests caution.

Bollinger Bands

Volatility has expanded as the bands widened to ~0.014. Price currently sits near the lower band at ~0.7983, indicating a strong pull toward oversold levels. The mid-band is currently at ~0.8035, and the upper band is at ~0.8085, both of which may serve as resistance on any short-term rebound.

Volume & Turnover

Volume spiked during the early morning hours as price dropped from 0.8142 to 0.8077, with a second volume surge during the morning selloff to 0.7904. Total volume for the 24 hours was 295,926.11, while notional turnover totaled $232,238. The price and volume moved in tandem, confirming the bearish momentum.

Fibonacci Retracements

Applying Fibonacci to the 15m swing high (0.8142) and recent swing low (0.7904) shows key levels at 0.801 (38.2%) and 0.795 (61.8%). On the daily chart, retracements from the recent high of 0.82 to the low of 0.7904 show 38.2% at 0.806 and 61.8% at 0.797. These levels may provide psychological support or resistance in the near term.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when price breaks above the 50SMA on the 15m chart, confirmed by a bullish engulfing pattern and an RSI reading above 30. Stops could be placed at the recent swing low, with targets at 61.8% and 100% of the retracement. On the short side, bearish entries may be triggered on a close below 0.7915 with confirmation by a bearish engulfing pattern and RSI above 70. The 0.796–0.7915 area may be a key testing ground for both strategies, with volume and divergence being critical signals.