Market Overview for FUNToken/Tether (FUNUSDT): 24-Hour Analysis as of 2025-09-22

• Price dropped from 0.009077 to 0.008460 amid increased volume and downward momentum.
• RSI and MACD signaled bearish divergence and weakening buying pressure.
• A key support level appears near 0.00845–0.00846, with potential for a bounce or breakdown.
• Volatility expanded sharply in the overnight session, with Bollinger Bands widening.
• Fibonacci retracement levels suggest 0.00845 and 0.00839 as critical near-term thresholds.

FUNToken/Tether (FUNUSDT) opened at 0.009063 at 12:00 ET − 1 and closed at 0.008460 at 12:00 ET, with a high of 0.009077 and a low of 0.007834. Total volume amounted to 60,835,908.0 tokens, while notional turnover reached $529,273.82 (calculated using midpoints). The pair exhibited a sharp bearish bias, driven by a large candle with long lower wicks and a weak close near lows.

Structure & Formations

Price experienced a sharp bearish reversal from 0.009077, with a strong bearish engulfing pattern forming at 0.008954 to 0.008769. A bearish breakdown occurred after testing 0.008724, with a long lower wick at 0.008728 to 0.007834, signaling extreme bearish momentum. The 0.008460–0.008469 range appears as a key short-term support zone, with 0.008396 as a potential next target.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (SMA) are both bearishly aligned, with the 20-period trailing the 50-period. On the daily chart, the 50- and 100-period SMAs are converging, but the 200-period remains above, suggesting long-term bearishness. The price closed below all key moving averages, reinforcing the downtrend.

MACD & RSI

MACD formed a bearish crossover with a negative histogram, confirming bearish momentum. RSI dropped from 45 to 26, entering oversold territory, but failed to bounce, suggesting weak buying interest. A bearish divergence in RSI indicates that the selloff may persist despite the technical oversold condition.

Bollinger Bands

Bollinger Bands expanded significantly during the overnight session, from 0.008724 to 0.007834, indicating heightened volatility. Price closed near the lower band, which may trigger a bounce or further breakdown. A potential bounce from 0.008460 could test the mid-band at ~0.008585, while a breakdown would likely target the 0.008396 level.

Volume & Turnover

Volume spiked at 0.008724 to 0.007834 (55,055,944 tokens), the largest 15-minute candle of the day, confirming a significant bearish move. Turnover surged with that candle, aligning with the price move. However, the subsequent volume at 0.008460 was moderate, suggesting weakening bearish momentum. Divergence between volume and price could indicate exhaustion in the bearish wave.

Fibonacci Retracements

Applying Fibonacci to the 0.009077 to 0.008460 swing, key levels include 0.008798 (38.2%) and 0.008625 (61.8%). The 0.008460 level is a critical support, and a breakdown would aim for 0.008396 (61.8% of the 0.009077 to 0.008396 swing). A bullish bounce may find resistance at 0.008535 and 0.008585.

Backtest Hypothesis

Given the bearish structure and oversold RSI, a potential backtesting strategy could involve a short entry at the close of the bearish engulfing pattern (0.008769), with a stop above the 0.008806 swing high. A target of 0.008396 (61.8% Fibonacci) would offer a favorable risk-reward ratio. This approach leverages a confirmed bearish setup with high volatility and divergent momentum.