Bonfida/Tether (FIDAUSDT) Market Overview

Generated by AI AgentTradeCipherReviewed byDavid Feng
Wednesday, Oct 29, 2025 8:22 pm ET1min read
Aime RobotAime Summary

- FIDA/USDT fell 2.8% in 24 hours, breaking below key support at 0.0610 amid bearish engulfing patterns.

- Volatility spiked with 15-min lows at 0.0574 and RSI hitting oversold levels (30–40), signaling potential short-term rebound.

- Bollinger Bands widened sharply post-consolidation, while Fibonacci levels at 38.2% (0.0602) and 61.8% (0.0590) frame critical support zones.

- Volume surged over 1.9M USDT during sharp declines, confirming bearish momentum as price consolidates near 0.0597.

• Price dropped 2.8% in 24 hours, breaking below 0.0610.
• Volatility surged as FIDA/USDT hit a 15-min low of 0.0574 before rebounding.
• Volume spiked over 1 million

USDT
at 20:30 ET, confirming downward momentum.
• RSI hit oversold levels (30–40), suggesting short-term mean reversion potential.
• Bollinger Bands widened sharply after a pre-29 Oct consolidation phase.

Bonfida/Tether (FIDAUSDT) Daily Review


Bonfida/Tether (FIDAUSDT) opened at 0.0611 on 2025-10-28 at 12:00 ET and reached a high of 0.0617 before declining to a 24-hour low of 0.0574 by 20:30 ET. The pair closed at 0.0597 at 12:00 ET on 29 October, down 2.8% over the period. Total volume exceeded 9.5 million USDT, with turnover rising to $563,000, signaling a volatile but active session.

Structure & Moving Averages


The 15-minute chart shows a breakdown below key support at 0.0610, confirmed by a bearish engulfing pattern on the 17:30–18:00 ET candles. The 20-period moving average (20SMA) is currently at 0.0602, while the 50SMA is at 0.0599, both pointing to a bearish bias. Daily data suggests the 50DMA is at 0.0613, indicating that the move below this level could signal a larger bearish trend.

Momentum & Volatility


The 15-minute RSI dropped into oversold territory, hitting a low of 30 during the 20:30–21:00 ET timeframe, suggesting potential for a short-term bounce. MACD lines crossed below the signal line at 19:00 ET, confirming bearish momentum. Bollinger Bands expanded significantly, with the 20-period band width reaching 0.0006. Price remains near the lower band, indicating high volatility and potential for a retest of the mid-band at 0.0604.

Volume and Fibonacci


Volume surged over 1.9 million USDT at 20:30 ET and again at 01:30 ET on 29 October, coinciding with sharp declines. Notional turnover mirrored these surges, confirming downward conviction. The recent swing from 0.0617 to 0.0574 aligns with key Fibonacci levels at 38.2% (0.0602) and 61.8% (0.0590). Price is currently consolidating near 0.0597, which may act as a short-term floor or trigger further selling.

Backtest Hypothesis

To further validate the bearish signal seen in the 17:30–18:00 ET candlestick, a backtest using the Bearish-Engulfing pattern could be applied. This strategy would involve shorting the pair on confirmation of the pattern and exiting after 1, 2, or 3 days. Given the recent move below key support levels and the confirmation by MACD and RSI, this pattern appears to be a high-probability sell signal. To proceed, please confirm the exact symbol format or provide OHLCV data in a compatible format (e.g., BINANCE:FIDAUSDT).