Market Overview: FUNToken/Tether (FUNUSDT) – 24-Hour Technical Breakdown

• Price action showed bearish continuation with a low of $0.009105 and closing near support.
• Momentum weakened, with RSI near oversold levels and declining MACD.
• Volatility increased mid-session before tapering, with Bollinger Bands widening and retracting.
• Volume spiked sharply at key price inflection points, confirming bearish breakouts.
• A 15-minute doji and bullish reversal pattern emerged late, hinting at potential short-term bounce.

FUNToken/Tether (FUNUSDT) opened at $0.009389 on 2025-09-20 at 12:00 ET and closed at $0.009125 on 2025-09-21 at 12:00 ET, hitting a high of $0.009465 and a low of $0.009105. The 24-hour volume totaled 80,537,338.0 and the notional turnover was approximately $733,935 (assuming 1 FUNToken = $1). The pair displayed a clear bearish bias with a breakdown of key support levels.

Structure & Formations

Price action formed a key bearish breakdown from a 15-minute consolidation range at $0.009410–0.009460, confirmed by a long lower shadow at $0.009410 and a doji at $0.009115. The low of $0.009105 acted as a temporary support, but failed to hold for long. A bearish engulfing pattern formed on the $0.009430–0.009465 swing, signaling continued downward momentum. A bullish reversal pattern emerged late in the session, suggesting potential for a short-term bounce.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bearishly aligned, with price closing below both. The 50-period MA sat at ~$0.009415, indicating a potential retest area. On the daily chart, the 50-period MA crossed below the 100-period MA, forming a bearish “death cross,” while the 200-period MA provided a long-term bearish reference.

MACD & RSI

MACD turned bearish with a declining histogram and a negative crossover, confirming momentum to the downside. RSI dipped into oversold territory (~30) by the session's end, suggesting a possible near-term bounce, but not necessarily a reversal. The divergence between RSI and price action was minimal, with both confirming the bearish trend.

Bollinger Bands

Volatility widened significantly during the session’s peak selloff, with price touching the lower band at $0.009105. The bands then contracted, suggesting a period of consolidation may be ahead. Price closed near the lower band, reinforcing bearish sentiment, though a retest of the upper band could follow a short-term bounce.

Volume & Turnover

Volume spiked sharply during the breakdown of $0.009410, with a single 15-minute candle printing ~$1.2 million in turnover. Volume remained elevated through the session’s low, confirming the bearish move. However, turnover declined in the final hours, hinting at reduced conviction in the downtrend and possibly a short-covering bounce.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level of the $0.009105–$0.009465 swing sat at ~$0.009315, which was briefly tested but rejected. On the daily chart, the 61.8% level of the recent swing sits at $0.009220, now a potential support/resistance level. A 38.2% retracement of the 24-hour move resides at ~$0.009260, which could act as a key pivot.

Looking ahead, FUNUSDT is likely to retest the $0.009220–$0.009260 range, with a possible bounce if RSI and MACD show signs of reversal. However, a breakdown below $0.009105 could target $0.009040–0.009070. Investors should remain cautious, as the broader trend remains bearish and a reversal remains unconfirmed.

Backtest Hypothesis

A potential backtest strategy involves entering a short position on the 15-minute chart when the price breaks below a key support level and closes below the 50-period MA, with a stop-loss placed above the nearest resistance and a take-profit aligned with Fibonacci levels (e.g., 38.2%–61.8%). This strategy aligns with observed price action today and could be tested over multiple similar 24-hour periods for consistency and risk-adjusted returns.